subject: Bad Credit Repair - How To Erase Bad Credit And Repair Your Credit Report [print this page] If you are reading this article, I am going to assume that you have bad credit and you want to learn how to erase bad credit and repair your credit report. There's a lot of information out there on bad credit repair. If you have the right information you can do it.
Whenever you apply for credit, your credit report will be checked. Your report provides potential creditors with the information they need to evaluate your creditworthiness. Your report contains information about you, your job, and a history of your experience with lenders. Negative information on your report can affect your chances of obtaining credit in the future.
A bad credit report will have an adverse effect on many areas of your life. It will make it difficult for you to obtain loans, get credit cards, purchase a home or do things that require a good credit history.
If you have bad credit, don't despair. You can remove negative items from your credit report. All you need is the right information.
The first step is to find out where you stand. Find out what information is on your report. You have the right to know what is in your credit file. You should want to know what your report says about you.
To do that you will need to get a copy of your credit report. If you have been denied credit because of the information contained in your report, you can get a copy of your report for free if you request it within 60 days of receiving a denial notice. If you have not been denied credit within the past 60 days, there will be a fee for the report. Also, you can get a free copy of your credit report once a year from each of the three major credit bureaus - Experian, TransUnion and Equifax.
Once you get your report, review it carefully to see whether all information is accurate and complete. Examine each entry. Mistakes occur at the credit bureaus. Look for information that does not belong to you so that you can have it corrected. Make sure you do not overlook any errors.
If there is damaging information in the report, you have the right to dispute that information. There is no charge for this.
The credit bureau must reinvestigate the items in question within a "reasonable period of time". If a disputed item cannot be verified, the credit bureau must remove it from your file.
When the investigation is complete, the credit bureau must send you the updated copy of your report. If you disagree with the results of the reinvestigation, you have the right to submit a one hundred-word "consumer statement" to refute the claim. The credit bureau must add that dispute comment to your file.
If you truly want to eliminate negative entries on your reportt and restore your record, you must take action. You can get more information and get started right away.
