The Credit Repair Opportunity You Should Take Advantage Of Immediately

Is your credit not what it should be in this tight market

? If so, you are in need of a credit repair opportunity. You may think you have to pay big bucks to get your credit repaired by a professional. Well, you can learn how to fix your credit just as good as the pros can. You need to be aware that it can be a time consuming thing and you might become frustrated at times trying to work through it on your own but it is well worth the effort to get your credit in good shape. Here are some things to consider:

There are three primary credit bureaus that collect credit information on consumers. They help the lenders by collecting information and sharing it with them. This helps the lenders determine if you and others are a good risk for a loan.

You need to first know what to repair before you can dramatic changes to your information. One thing you will have to do is get your credit report. This has all your credit history on it. You can get one credit report free each year from each of the three primary credit bureaus. If you need more than one a year, you can order copies for a particular fee. It is recommended that you get one from each of them. Why? Because some of the lenders or creditors you deal with may only report to one of the bureaus. Having all three give you a more complete picture of what you are dealing with.

You can order your copies of your credit report directly from Experian, TransUnion and Equifax, which are the three main credit bureaus we have been talking about. You can go to www.annualcreditreport.com and request copies too. Getting copies or your credit reports is the first step you should take in the repair process. Another valuable resource is your FICO score because it is not part of the credit report. FICO scores are a consumer rating system that lenders use in the decision making process.

Look over your credit reports when you get them. Check them against each other to see what matches and what is different. Then start looking for the things you can fix. They include such things as incorrect information, such as accounts that are shown past due or even been sent to the collection agency or accounts that have gone over your limit. You have a right to file a dispute on any incorrect information. Each of the credit bureaus have their exact procedures so you have to contact each one to file a dispute.

File a dispute on any inaccuracies in your report In writing. Go through canceled checks and other paperwork to get the proof. Always send your dispute using certified mail and get a return receipt. Whichever credit bureau is involved in the dispute has 30 days to explore it and get back to you with what their investigation turned up. It will respond in writing to your dispute.

On top of this, you need to pay your old debts, over-the-limit charges and collections. These impact your credit reports along with your credit score. See if the collection agency will do the Pay for Delete Agreement. This will help improve your credit score even more. Once you have cleared up all the errors in your credit record you are now ready to start the process of rebuilding your credit.

The Credit Repair Opportunity You Should Take Advantage Of Immediately

By: Mack

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