subject: Repair Your Credit On Your Own [print this page] Repair attorneys charge up to clear up credit reports professionally. We are giving you the tips of how to do credit repair on your own, as in you dont need to spend so much. Here you can get tips to remove negative items from your credit report. For those of you who know your bad credit history, let's start credit repair now.
Step1:
The good credit history can be maintained because of those people who pay off the debts in time which is good for them to fulfill their credit requirements. Late
payments can have erroneous impact on your credit report.
Step 2:
Avoid the use of multiple credit cards and stick to a single credit card. Write to
your creditors and request them that they close your accounts and report the status changes to all three credit law agencies.
Step 3:
You should take all possible precautions to avoid bankruptcies, collection accounts and tax liens. A bankruptcy stays on your credit report for up to 10 years. Collection accounts and paid tax liens stay on for seven years, and unpaid tax liens will haunt you forever.
Step 4:
You should request to creditors in writing to reduce the credit limits on your
accounts to lower your amount of available credit. Request in writing that your
creditors reduce the credit limits on your accounts to lower your amount of available credit. The total amount of available credit is considered by lenders even if you owe nothing.
Step 5:
If it seems difficult to manage the burden of the heavy debts yourself, you can also use the option of seeking credit counseling services. The services provided by the credit counseling agencies include debt management services, debt consolidation of credit cards, debt reduction and debt settlement. The credit counseling service agencies can act as an intermediary between the people in debt and financial institutions and banks, who have granted loans. Finally, make sure that you do not give your money lender single chance of ruining your credit report by filing a complaint against you. Ask a friend or a person who is closed to you to co-sign for a loan which needs to be taken for managing your finances.
Step 6:
Get a secured credit card to rehabilitate your credit history. You will have to keep a designated amount of money in an account that will be sufficient to cover your charges. Make payments on time.
Step 7:
Get a yearly copy of your credit report to remove any errors.
