Credit Repair Techniques - Here's How To Fix Bad Credit

Thousands of people have negative entries on their credit report

. If you have bad credit you will find it difficult to obtain loans, credit cards and other items of credit. There are effective credit repair techniques that you can use to get rid of bad credit.

Credit bureaus obtain their information about you from all creditors that have done business with you. If you defaulted, the reports are sent to credit bureaus for their record. Credit bureaus, also known as, credit reporting agencies collect and store information about consumers. They sell your financial information to lenders, or any creditors from which you have requested credit.

A lot of people have no clue what to do to erase negative items on their report. Waiting on bad credit to repair itself is not a good idea. You can learn to repair your report, without hiring the expensive services a professional. If you are armed with the right information you can do it yourself.

To repair bad credit you must first obtain a copy of your report from the credit bureau. Under the law, you are entitled to a free report every year from each of the three major credit bureaus. You're also entitled to a free copy of your report if a comapny denies your application for credit, but only if you request a copy within 60 days of the denial. If you are not eligible for a free report, then you will be charged a fee for the report.

Once you've received your report, review it carefully. Write down all the incorrect or inaccurate information you find. Then contact the credit bureau in writing and request an investigation. Tell them what items you do not agree with and why you think they are incorrect.

Once your dispute is received the bureau by law must investigate this information and get back to you. If the disputed item cannot be verified then it must be deleted.

After you have cleaned up negative entries, you should start rebuilding your credit. There are many effective credit repair techniques that will help you rebuild your record. A proven way to rebuild credit is to obtain a secured credit card. Another powerful way to have good account added to your report is to take out a secured bank loan and pay it back promptly.

Doing self credit repair is not difficult or complicated. It is a fairly straight forward and simple process. You don't need to pay anyone to repair your report for you. All you need is a good guide that will show you the complete process from start to finish.

by: Conleth Onu

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