Clean Bad Credit - Discover What Credit Bureaus And Collection Agencies Don't Want You To Know

Is it possible to clean bad credit? Is it possible to clean bad credit quickly

? You may be surprised to discover that the answer to both these questions is-yes. This may run contrary to all that you have been told by your credit bureaus and debt collection agencies.

You have probably been told that to your credit score will improve only when you repay all your debts in full. Further, credit bureaus must have told you that you cannot use any shortcuts to clean bad credit and that you must rely only on tried and tested methods.

Check out some points that credit bureaus and collection agencies don't want you to know as far as cleaning bad credit is concerned.

Your poor credit score need not be your fault. Of course, you may not have repaid your debts on time and may have defaulted on your account again and again. Yet, there always is a possibility that the bad credit report that you have is a result of many mistakes and disputed information as well.

If that is the case, then you should make sure that you clean poor credit by removing all these negative points from your report as early as possible. This is not a difficult task considering the fact that the fair credit reporting act and other laws protect your rights.

There is an obligation placed on all the parties involved to verify the information as quickly as possible. If the information cannot be verified, then it must be removed. This is a fantastic tool that will help you clean poor credit.

Secondly, you should not place excessive emphasis on the total amount of debt and the repayment pattern when you are trying to clean bad credit. It is one thing to focus on these two things. However, it is completely different thing to focus on these two things alone.

You should be smart enough to understand that 35% of your credit report is determined on the basis of the number of inquiries, age of the line of credit and the mix of debts that you have. Ignoring this will only prove counter productive in the long run.

Thirdly, credit bureaus often earn money by providing information about your credit report to lenders to help them target you and offer specific products designed for your requirements. Hence, do not expect them to provide impartial assistance. Instead, rely on third party professionals for the best possible information.

Many people are unaware that the credit report can be used as a tool to erase bad credit. This can result in a boost to your score by a possible 200 points. Many negative items found on credit reports are disputable and can be removed legally to erase bad credit. Click the following link for free information on safe and legal ways to repair your credit:

Repair Bad Credit

by: Rose Graham

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