subject: An easy guide to credit repair [print this page] Nowadays everyone is familiar with credit repair. It is an effective tool to repair your credit records and improve your credit score substantially. It is possible to repair your credit on your own. But if you do not know the nitty-gritty of the process then here is a step-wise detailed account of how to repair credit on your own.
Steps in credit repair
The first step in credit repair is to get hold of a comprehensive credit report. The free reports are not enough for credit repair and often make the task harder. So go for a tri-merged report which is available from credit bureaus against a nominal fee.
Scrutinize the report thoroughly and mark all errors to dispute. Do not let even minor errors to slip your attention. Take your time in locating all the errors and make a list of them.
Once you have marked all the mistakes it is time to compose a letter of dispute. The letter must be brief and to the point. Remember, the dispute processors are flooded with thousands of letters each day and only get time to glance through each letter. So it is vital that your letter addresses the problem directly for increased effectiveness.
Each bureau uses different systems to identify accounts which are usually a truncated version of your actual account number. When referring to disputes to a particular bureau, be specific about using the correct identification number to speed up the process and also for easy reference.
Do not expect immediate results. Often dispute letters are rejected or returned with requests of more information. There can be processing failures also. You should not lose your patience but resend the letter. When it comes to credit repair you have to persevere till you get the desired result.
Remember that credit repair is about your money and financial future. So it is worthwhile to take the pain and effort to repair your credit report and boost your credit scores. It is imperative that you take the job seriously and complete it.
If you feel that you cannot handle the task on your own then get professional help. There are lots of credit repair companies who provide service against a minimal charge. Try to hire service from a reputable company which will not only handle the entire process of credit dispute but also provide helpful tips on raising your credit scores most effectively.
Credit repair is the most effective way to boost your credit scores and can be done easily either on your own or through credit repair companies.
