Repair Your Credit - Here's Free Credit Repair Information For You

Did you know that a bad credit rating can affect your ability to create the life you want

? It can prevent you from getting loans, credit cards or other items of credit. That's why it is important to repair your credit and maintain a good record.

Having negative items on your record can be devastating. When you have credit problems, you may feel confused and depressed. But it's not a permanent situation. It doesn't need to bother you, especially if you know how the system works.

If you've messed up your record, you don't have to pay someone else to fix it for you. You can repair your record yourself. Many people, just like you, do it all the time, because they know the secrets to getting rid of bad credit and adding positive information to their file.

Here are the steps to repairing your credit:

Order your report from the three major credit bureaus. You need to know what's in your report. Keep in mind that it is always free to obtain your report if you have recently been turned down for credit. Also, you can get a free report from each of the three major credit bureaus every 12 months.

When you receive your report, scour it for errors. You might be surprised to find errors on it. Identify negative accounts and inaccuracies. List all errors you find so that you can get them corrected.

Contact the credit bureau that supplied the report, and tell them what information you believe is incorrect. The credit bureau must reinvestigate and remove the items if it finds that you are right, or if the items can no longer be verified.

When you send your dispute letters, be sure to send each letter certified mail, return receipt requested and document when you mail your letter.

If you do not agree with the results of the investigation, you can dispute directly with the creditor. If you do owe money, negotiate a settlement with the creditor.

Once you've finished eliminating negative items, it's time to build positive credit. There are several ways to add positive credit information to your file.

One method to build positive credit information is to obtain a secured credit card. You will be required to open and maintain a security account at the bank that issues the card. There are many issuers of secured credit cards. So be sure to shop around first. Compare the interest rates, annual fees, and other features before you make your choice.

Another method to build credit history is to use a co-signer. Find someone who already has good credit and is willing to co-sign on a loan for you.

Gas station and department store credit cards can help you rebuild your credit record. Always make payments on time.

Now that you're in the process of rebuilding your record, make the decision to start doing everything right. That means make all payments on time and avoid opening up any credit accounts that you do not need.

There are many ways to erase bad credit and stack your report with positive listings. It takes patience and discipline. But armed with the correct information you can do it yourself instead of paying someone else tons of money to do it for you.

by: Conleth Onu

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