CREDIT REPAIR ESSENTIALS
If you have learned that you are referred to in the financial world as a "credit risk" you will want to alter this and once again be a "good credit risk." It is possible to DIY.
For many folks, it will be possible for them to manage their path back to "good credit." through their own determination and willingness to confront the problem.
There are some basic steps that need to be taken to solve the credit problems that are occurring. Initially, know your credit score. A score over 700 is known to be "good." A 3 digit number under 700 can be problematic. Find out this information via your credit score.
To find out this information, you will begin by obtaining your credit reports. You will need to be brave and confront these reports. There are 3 credit bureaus that supply reports: TransUnion, Equifax, and Experian. On a yearly basis, you are able to receive a free report (fee for the credit score) from each of these agencies. For the details on this procedure, see www.annualcreditreport.com.
Once you have the reports, you can compare them because they may be different. Businesses may report credit information to different credit bureaus.
Review each report for errors after you finish comparing them. Then, you will need to DISPUTE THE ERRORS with each of the three bureaus. This will require patience and persistence.
Contact the credit bureaus in writing with a copy of the report, the errors and reason why you need to have it rectified. Remember to keep copies of everything you send. There's an old saying: "If it's not documented, it didn't happen."
This is the first information you need to have. Be prepared, there may be some surprises on those reports. Be persistent.
For many folks, it will be possible for them to manage their path back to "good credit." through their own determination and willingness to confront the problem.
There are some basic steps that need to be taken to solve the credit problems that are occurring. Initially, know your credit score. A score over 700 is known to be "good." A 3 digit number under 700 can be problematic. Find out this information via your credit score.
To find out this information, you will begin by obtaining your credit reports. You will need to be brave and confront these reports. There are 3 credit bureaus that supply reports: TransUnion, Equifax, and Experian. On a yearly basis, you are able to receive a free report (fee for the credit score) from each of these agencies. For the details on this procedure, see www.annualcreditreport.com.
Once you have the reports, you can compare them because they may be different. Businesses may report credit information to different credit bureaus.
Review each report for errors after you finish comparing them. Then, you will need to DISPUTE THE ERRORS with each of the three bureaus. This will require patience and persistence.
Contact the credit bureaus in writing with a copy of the report, the errors and reason why you need to have it rectified. Remember to keep copies of everything you send. There's an old saying: "If it's not documented, it didn't happen."
This is the first information you need to have. Be prepared, there may be some surprises on those reports. Be persistent.
About the Author:
With never before seen challenges in the credit markets it's more important than ever to have excellent credit. For more information check out Rob Kosbergs' Detailed FREE Guide on Maintaining and Repairing your Credit Score by going to Bad Credit Repair for your FREE information.
posted by Debt Consolidation Loan at
4:12 PM
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