subject: Repair Credit: How To Repair [print this page] Repair Credit: How To Repair Repair Credit: How To Repair
If you have a low credit score, then your credit needs to be repaired, otherwise chances are, you will be paying a very high interest rate on your loans, or you may not even qualify at all. Not only will you have trouble getting loans, but you may even be turned down for needed insurance all because you do not have good credit. No matter how you realized you need to repair your credit, it is never too late.
The first thing you need to do to repair your credit is to find out why your credit score is so low. What is causing your credit to not be so good? Obviously, that problem, if you can find it, will need to be resolved, either by you, or if you are unable to resolve or fix the problem that is causing your low credit score, chances are, a credit repair company will be able to help fix the problem for you.
The way to try to find the problem that is causing your credit score to be low if you want to try it yourself is to look through a copy of your credit report for anything questionable, mistakes made, or anything else that might be causing your low credit score. You would be surprised how many mistakes credit card companies can make! And, it's amazing how fast a bunch of little mistakes can add up! Especially if it is one tiny mistake, but it is reoccurring constantly!
If you find just one mistake, your next step is to write a credit dispute letter to the credit bureau that is making the mistake. The purpose of this letter is to let them know that you believe to have found mistakes, and why you believe they are mistakes. Once they receive the letter, bureaus under the Federal Law have to look into the information you sent.
