subject: Essentials To A Credit Repair Guide [print this page] When it comes to repairing your credit, there are a lot of websites and firms out there that claim they can do it with miraculous results. Though there are simple steps you can take to repair your credit, it will not happen overnight and there is nothing revolutionary about it. Repairing credit will take time, but with this credit repair guide you can be well on your way to doing it the right way.
Essential Credit Repair Guide Steps:
1. Realize this is going to take some time. Repair will not happen overnight, or even over a weeks time. Usually you can expect the repair process to take just as long, if not longer, than it took to create the initial damage. So as long as you are willing to face that fact, you will find yourself able to keep motivated for the project at hand.
2.Gather up the reports from Experian, Equifax and TransUnion. After all, what is the point of repairing your score if you do not know what is on the report to begin with? By knowing what you have to remove, you can easily begin the process.
3.Check your reports for any errors. A lot of times a low score is something you can easily fix due to notifying Experian, TransUnion, or Equifax of printed errors. Perhaps you have paid off a certain debt, but it still shows on the report. Or maybe there are debts on there that are not even yours to begin with. Believe it or not, this happens quite often.
4.When you do notice errors on your report, be sure to dispute them. Each agency will have their own way of disputing, so you need to read up on the individual methods for each one prior to mailing it out. Be sure you have the correct documentation proving the error as well. These agencies will not remove something just on your word alone. You will need documented proof, a clear and to-the-point letter, and bank statements are always helpful.
5.Speak to those you owe debts to. Instead of ignoring the fact you owe a company or person money, call them and see what you can work out. Arrange payments that you can afford and do not get over your head in paying off debts. After all, you got into debt from being over your head to begin with. If your creditors refuse to work out payment plans that you can afford, document it and send what you can afford no matter what. A payment is a payment, even if its $10.00. Keep detailed records of payments you sent, when they cash it, etc. If you do set up a payment plan, be sure to get that plan in writing from your creditor. Verbal contracts are worth nothing in court or if you need to report to the FTC.
6.Do not feel bullied! Many creditors and collection agencies thrive on bullying consumers into paying debts. Though you owe the money, you do not deserve to be treated that way. Be sure to let your creditors know your intentions and pay the debt in the way you can afford. In the end, they want their money. So just prove to them they are going to get it.
With these essential steps in our credit repair guide, you can easily fix your credit. Though it may take some time, you are already on your way to becoming debt free and having a better credit score by simply starting the process.
