Clean Up Your Credit Report - How To Clean Up Your Credit For Beginners

Clean Up Your Credit Report - How To Clean Up Your Credit For Beginners

If you are sick and tired of your bad credit rating and are looking for advice on how to clean up your credit report, you have found the right article. In just a few short paragraphs, you'll learn the basics of how to clean up your credit report quickly and easily even if you are a complete beginner.

So what exactly does "clean up your credit report" mean? Although that phrase itself is open to interpretation, generally "cleaning up your credit" refers to the process of improving your credit score by disputing and having negative items and accounts removed from your credit report. Even though this is a process that is completely free and relatively easy to do, many consumers aren't aware of the fact that they can dispute negative items on their credit report directly to consumer credit reporting agencies and have them removed. Below are the answers to some common questions that arise when first starting the process of cleaning up your credit report.

Why would I want to remove items from report?

Simply put, negative items and accounts on your credit records have an adverse affect on your credit score. This goes without saying, but the lower your score the harder it is for you to obtain loans and financing. In addition to that, if you have a low credit rating it is likely that you will pay higher interest rates and fees, even if approved for a loan.

So what items can I have removed from my report?

Any information that is inaccurate or being reported incorrectly can be removed from your credit report fairly easily. Collection accounts, a bankruptcy from 20 years ago and even late payments you weren't responsible for can all be removed from your credit report. These inaccuracies and incorrect entries have a negative effect on your credit score every day they stay in your credit report, so removing them immediately is of the utmost importance to your credit rating.

How can I clean up my credit report?

There are a couple of different options for consumers looking to clean up their credit report. The first option is to dispute the items on your credit report directly to the credit reporting agencies themselves. Several federal regulations and guidelines ensure that these credit reporting agencies handle your disputes in a timely fashion. Even so, having inaccuracies removed through a dispute can be a slow process. Another option available to people seeking to clean up their credit report is to use a credit repair agency. These agencies act as the consumer's representative to the credit reporting agency, handling all of the paperwork and follow-up that comes through the dispute process.

So now that you have the basics on how to clean up your credit report, it's time to take action. Obtain a copy of your credit records and examine them for inaccuracies. If you find any potentially negative items that aren't correct, you can begin the process of disputing them to have them removed. It's a process that requires a little bit of work, but is well worth the result: A better credit score.

by: Will Irish

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