Fixing Credit Report - Preparing To Do It Yourself
by Tim Beachum
You are moments away from understanding the process of
fixing your credit report. It's really not important what your reasons are for wanting to repair your credit the fact is you have made a good decision. Repairing your credit is well worth the effort, and depending on your current situation repairing your credit can lower your monthly bills, open a bank account, rent an apartment, and even purchase a car. By repairing your credit you will increase your buying power.
Before we dive in I want to say this... It is important that you remember that you didn't get into your current credit situation overnight and you will not get out of it overnight. There are several ways that you can
repair your credit, however the best way is to do it yourself. Needless to say this can save you hundreds of dollars if not thousands.
NOTE: You will want to read this part closely. I must warn you... You should prepare yourself for the shock of a lifetime. The media has spent hundreds of millions of dollars to convince you that credit repair is an extremely difficult process, and of course they just happen to have the solution which just happens to be their services.
Stay focused and watch as I pull back the mask of these low life
credit repair companies. The first warning sign that you should be aware of is when they ask for money up front for their services. Once you pay them they will string you along until either your money runs out or you finally figure out that they are robbing you.
Over the years I am proud to say that I have taught hundreds of individuals to repair their credit. The part that I have found most impressive is at the start they didn't even know what a credit report was let alone how to repair one. Within 60 days each of them had improved their credit. Each of them now know the exact procedure that is required to achieve financial freedom.
Allow me to give you a few brief steps that will allow you to start fixing credit in no time. It doesn't matter if it is your credit or a family members. The key is to start off with a good foundation. As far as credit repair you will want to first arm yourself with copies of all three of your credit reports. A wise man once said that it is impossible to know where you are going if you don't know where your at.. That's exactly what you want to do with your credit report. You will want to have an understanding of where your credit score is at currently.
Go over your
credit reports with a fine tooth come and highlight any discrepancies that you may find. Although this step may sound simple it is your foundation and it is VERY important. Even if you are unsure of something still highlight it, it is better to be safe than sorry. Do not forget to check your personal information such as your name, address, and place of work. You will want to make sure that they are all correct.
At this point you should have all the errors highlighted, and the fun is about to begin. You will need to start writing your letters of dispute - disputing each of the errors that you have highlighted. Note that any decent credit repair kit will have sample dispute letters that you can use to help you along this process. Once you have written and mailed your letters of disputes it's time to play the waiting game. The bureaus have 30 days to respond to your claims. If for any reason they should fail to respond in the alloted amount of time they must by law remove all claims.
Keep in mind that 30 days isn't much time for companies to respond and in some cases they still make errors. If you find that they haven't done their jobs simply redo another letter of dispute stating that this is an error and include any proof that you may have. In most cases things will get cleared up the second time a round. If not you will have to contact the lender directly. Their information can normally be found on the credit report.
I hope that you have found this article to be useful. If you are serious about the "fixing credit report</a>" process give my credit repair kit a try. It has changed the lives of hundreds of individuals and yours could be next.
Posted via email from Mary's posterous
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