Bad Credit Repair - Here Is Free Credit Repair Information To Help You Repair Your Credit

For some reason, a lot of people believe that credit repair is difficult and that only credit repair specialists can repair bad credit

. That is just not true. Repairing bad credit is simple, particularly if you are armed with the correct information. Here's some free credit repair information to help you fix your credit report.

There is no need for you to live with bad credit or pay expensive fees to have your credit repaired. You can erase derogatory information in your report and rebuild your credit rating.

By law, credit bureaus must delete items that are not 100% accurate or cannot be verified within a reasonable period of time. Also, outdated information must be erased.

The first step in repairing your credit is to obtain your credit report. You need to know what's in your report. By law, you can get a copy of your report, for a fee. However, if you have been denied credit within the past 60 days, you can get a free report from the credit bureau. You are also entitled to a free copy of your report from each of the three major credit bureaus every twelve months.

Once you have your report, examine it carefully. Mistakes may appear in your report without your knowledge. Identify any incorrect or inaccurate information that has been reported in your report. Mistakes happen all the time. Make sure you write down any errors you find.

You can have damaging information erased from your file. You have the right to dispute incorrect or misleading information on your report. You simply write to the credit bureau and let them know what you're disputing. Be sure to send your dispute letter via certified mail, return receipt requested. This will provide you with a paper trail and help you remember when to follow up.

When the credit bureau receives your dispute, they must reinvestigate and delete the disputed item if it is found to be false or unable to be verified. By law, if the credit bureau does not respond within the alloted time, then the disputed item must be removed from the report.

Another way to smash derogatory information on your report is to take advantage of the "100-word consumer statement" which allows you to file a brief statement explaining your side of the story and submit this to the credit bureau, for inclusion in your report.

If the credit bureau deletes or corrects certain information in your file they must, at your request, send the updated version of the report to any person who received your credit report within the previous six months of the deletion or correction (or two years if it involves employment).

Once you've removed the negative entries, it's time to rebuild a good credit report. There are several ways to add positive accounts to your file. These include getting a secured credit card, taking out a secured bank loan, obtaining a department store charge card and also getting a gas station credit card. There are also several other effective ways to add positive accounts to your file.

Now you know you can get rid of bad credit and restore a good credit rating. There are many credit repair guides and kits available that can help you accomplish this. However, keep in mind that all self-credit repair guides are not created equal. That is why you have to look for the best guide to lead you in the right direction - a guide written by someone who's done it.

by: Conleth Onu

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