Want To Repair Your Credit Score? Find Out How Here
Posted at by ifydcat on category CreditYou’re not alone in wanting to erase negative credit from your report. Many others find themselves in this same difficult position. As many people assume that it is too difficult to do themselves, credit repair services and agencies earn literally millions of dollars a year in custom from those with financial problems.
Yet, despite what such services and agencies would have you believe, it’s very much possible for you to repair your credit yourself – and at no great cost. In fact, you may actually be able to do better than a traditional credit repair clinic because only you have the authority to add positive credit marks to your report over time (I’ll explain this better in a minute).
So, how can you repair your credit history yourself? Here are the three steps that you should take:
1) Get Your Credit Report
Every 12 months, you are entitled (by law) to a free copy of your credit report. You can request your report from annualcreditreport.com, call 1-877-322-8228, or fill out their request form and mail it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
Once you receive your report, go through it and write down every negative item you want to dispute. It’s far from uncommon for credit reports to include out-dated information or mistakes, and even completely false details.
2) Dispute Mistakes And Out-Dated Information
Write a simple dispute letter informing the credit bureaus of specific marks you wish to dispute. Try not to turn it into your life story – the shorter and more precise it is the better. Be sure to include copies of any proof supporting your position. Once the credit reporting agency investigates, they will either be unable to verify and remove the negative credit mark. Or, they will verify the item.
3) Supplement Your Credit Report With Positive Information
This is something that you can do yourself, which even the best credit repair services wouldn’t be able to do for you. You can add positive marks to your report over time. By simply getting a secured credit card, gas or department store cards, or a small installment loan and paying them on time, you can build up a good recent credit history.
I recommend finding a good credit repair program or guide and learn how you can erase negative credit from your report yourself, before deciding to hire a service blindly. After all, it is your credit history at stake.
If you want to repair your credit, improve credit scores and actually build credit quickly, just go to http://www.creditbully.com for the latest strategies.