Simple steps to a better credit report
Not one of us is without some sort of understanding of how a bad mark on a credit report can negatively affect our credit standing. For some it's definitely worse than it is for others, but we all fall into one of just a few categories. We are either Mr. or Mrs. perfect or almost perfect, OR we have some bad marks, but we can still get a decent loan on a house or car, or we have such bad credit that when we try and get a loan we get laughed at.
It doesn't matter where you fall in the list or how you got there, the bottom line is having the ability to remove these bad marks, your or not, is truly an asset. Even if your Mr./Mrs. Perfect you will someday be faced with at least an error on your report and knowing the steps to remove such an error is quite necessary.
There are no guarantees when it comes to fixing your credit, but a little knowledge of the following and some persistence can provide you with some amazing results and those results can save you literally thousands of dollars, even thousands of dollars a year. Think about it.
Step one is to order all of your reports. You can either find an online resource for this or write to the credit reporting agencies directly. You will need a current copy of your Experian, Trans-union, and Equifax reports. Step 1 is to thoroughly go through the reports and identify the marks that are injurious. Next you want challenge the accuracy of the mark. You must use a little common sense here. Not all marks are going to just fall off.
Now again use your brain here, if the debt is large and unpaid and recent you will invariably get a response when challenging it and its also likely you will get a letter or phone call to resolve it. Welcome the opportunity to negotiate and pay the debt, and then re-challenge the mark. Creditors are less likely to respond when there's no money on the table.
Motivation on the part of the creditor is what it's all about. Some will respond to anything but most will respond only when there's an underlying benefit, like getting paid. If the bad mark is a settled debt, or very old then the creditor / collector may not be inclined to stop what they are doing to reply to the bureaus.
The key is to get the bad mark to a point where there is no benefit for the creditor to respond. Yes they have people for this, specifically to handle these inquiries, but systematical bombardment will likely turn in your favor, especially when there's no money on the line.
I personally like to write directly on the credit report - "This item is not accurate, I have never been late on any payments to this company. - Please verify and remove and forwarded me an updated copy of my credit report upon completion of your investigation."
Credit repair can be a lot of fun, in fact in the coming years it can be an excellent service to provide to the community. If you get good at it you can make a lot of money helping others to remove unwanted, erroneous although sometimes truthful information from their credit reports.
It doesn't matter where you fall in the list or how you got there, the bottom line is having the ability to remove these bad marks, your or not, is truly an asset. Even if your Mr./Mrs. Perfect you will someday be faced with at least an error on your report and knowing the steps to remove such an error is quite necessary.
There are no guarantees when it comes to fixing your credit, but a little knowledge of the following and some persistence can provide you with some amazing results and those results can save you literally thousands of dollars, even thousands of dollars a year. Think about it.
Step one is to order all of your reports. You can either find an online resource for this or write to the credit reporting agencies directly. You will need a current copy of your Experian, Trans-union, and Equifax reports. Step 1 is to thoroughly go through the reports and identify the marks that are injurious. Next you want challenge the accuracy of the mark. You must use a little common sense here. Not all marks are going to just fall off.
Now again use your brain here, if the debt is large and unpaid and recent you will invariably get a response when challenging it and its also likely you will get a letter or phone call to resolve it. Welcome the opportunity to negotiate and pay the debt, and then re-challenge the mark. Creditors are less likely to respond when there's no money on the table.
Motivation on the part of the creditor is what it's all about. Some will respond to anything but most will respond only when there's an underlying benefit, like getting paid. If the bad mark is a settled debt, or very old then the creditor / collector may not be inclined to stop what they are doing to reply to the bureaus.
The key is to get the bad mark to a point where there is no benefit for the creditor to respond. Yes they have people for this, specifically to handle these inquiries, but systematical bombardment will likely turn in your favor, especially when there's no money on the line.
I personally like to write directly on the credit report - "This item is not accurate, I have never been late on any payments to this company. - Please verify and remove and forwarded me an updated copy of my credit report upon completion of your investigation."
Credit repair can be a lot of fun, in fact in the coming years it can be an excellent service to provide to the community. If you get good at it you can make a lot of money helping others to remove unwanted, erroneous although sometimes truthful information from their credit reports.
About the Author:
credit repair knowledge is important to every single person on the planet. You ought to have some intimate knowledge of how to repair bad credit, just like you ought to understand how to balance a check book. Think of the potential benefits. For a complete manual on credit repair strategies visit us at http://www.creditfixing.com
posted by Debt Consolidation Loan at
7:57 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home