Do You Really Need A Credit Repair Kit?

You are being pick-pocketed, lied to and robbed as you sit there reading this article

. The banks are over charging you, the credit bureaus tell you that they are there to help you, and whatever interest rate you are currently paying is 30-40% more than you should be paying. Keep reading and I'll tell you exactly how to dig your way out of your current situation.

A wise man once said that you cannot find a solution to a problem that you do not understand. The same applies to repairing your credit. Before you can repair your credit problems, you must first understand how everything works. Set aside everything that you think you know about the credit bureaus, at least while your reading this article. The media has been telling you a big fat lie, as you read this you believe that the credit bureaus are there to keep track of your information, and to assist you if you need it. Take a look at things from the credit bureaus perspective - they generate revenue by selling your information to other businesses. In a nutshell they benefit from you having bad credit.

It is important that you keep in mind that you did not destroy your credit overnight and you should not expect to repair your credit overnight. In most cases you will be able to improve your credit within 60 to 90 days. That is not to say that there are not some outstanding circumstances that should be considered i.e. bankruptcies, government loans etc... If you are faced with those type of dings on your credit report it may take a bit longer to resolve matters. Those type of businesses are rather slow when it comes to removing negative information from your report.

You can start the credit repair process by requesting your report from all three credit bureaus. According to the law you are entitled to a free copy of your credit report once a year. With all three reports in hand, you will want to grab a highlighter and begin highlighting any digs that you may encounter. Don't make the mistake of not double checking things such as your name, and address and your current occupation. Those small dings could mean anywhere from 25 to 50 points on your credit report.

Understanding your credit report once you actually have it in hand is one of the most important part of the credit repair process. You will find a a ton of abbreviations on your credit report and mysteriously there are little to no explanations as to what they mean. Most decent credit repair kits will come with some sort of key that will explain all of those nasty little abbreviations.

Once you have finished going over your reports and identifying all the dings it is time to roll up your sleeves. You will want to construct your dispute letter and make sure to include everything that you found. Before mailing off your letters of dispute, make sure that you make copies of everything for your own records.

After you mail your letters of dispute to the bureaus, the clock starts. The bureaus have 30 to 45 days to investigate your claims. If they cannot prove otherwise in the allotted amount of time they must by law remove the errors from your report.

by: Tim Beachum.

POST COMMENT

From Bustling Cities To Peaceful Natural Vistas, Portugal Has It All YLOD Repair Wizard Cheap Data Recovery - How to Undelete Recycle Bin Files in Windows Unable to upgrade to Windows XP due to missing boot.ini file Making the Move to Windows Quality Doors and Windows A Look At The Tarp Repair Kit Best types of Windows and Doors Fix Runtime Error 134 - How to Repair Runtime Error 134 in Windows Windows and Doors to open your dreams What Makes The Best Computer Repair Shop Garage doors Toronto | Garage Door Repair Toronto Can Central Air Help You To Avoid Air Conditioning Repair Maryland?