subject: Credit-Repair: Steps For Repairing [print this page] Credit-Repair: Steps For Repairing Credit-Repair: Steps For Repairing
If you have a low credit score, you will want to repair your credit right away. But, how does one get started on repairing their credit? First, you need to find out the cause of the problem that is causing you to have a low credit score. If you do not know what the problem is, look through a copy of your credit report for any mistakes made. You may be surprised how often mistakes are made from credit card companies! Even the smallest of mistakes grouped together could make a huge difference on your credit score. Even one tiny mistake could do quite a bit of damage on your credit score if it was reoccurring often. Once you have found the mistake, or the problem, it is time for the credit dispute letter.
A credit dispute letter is a letter you write to point out mistakes made on your credit. You will also want to be sure to not only point out the mistakes made, but to also explain why they are mistakes. Any proof you have would be ideal to present. After you are done with the letter, send it to the bureau that made the mistake. Once the letter is received, all of the bureaus under the Federation Law must look into the matter further.
A credit repair company can also do everything mentioned above, including negotiating, trying to change terms on the loan, and thinking of ways for your monthly payments to be lowered, ways that you may not have ever thought of! They can also try to have charges and fees either reduced or waived. Whether you choose to try and repair your own credit, or go through a credit repair company, you will be making the right choice in repairing your credit! The sooner you get started, the easier it will be!
