Fixing Credit Report – Repair Your Credit Yourself Fast and Legally
You are moments away from understanding the process of fixing credit. 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 I begin explaining the fixing credit process, I feel it is important that you have the right mindset before we begin. It’s important that you realize that you didn’t destroy your credit overnight and you will not be able to improve it overnight. You should also note that you have a variety of options when it comes to repairing your credit. You can use a credit agency, a credit repair attorney or you can opt to do it yourself. By doing it yourself you will have more control over you financial fate as well as save hundreds of dollars.
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.
Hold tight as I peel back the mask and reveal the truth about these so-called credit repair agencies. The first warning flag is when one of these credit agencies ask you for money up front for their services. Once they have your hard earned money they will string you along as long as they can. By the time you realize you have been scammed you will find yourself right back at square one and with less money than you started with.
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.
As promised I want to get you started right away. Here are some steps that you can take right now to get you started with the “fixing credit” process. The key is to start off by building a solid foundation. You can achieve this by acquiring all three of your credit reports from the credit bureaus. This will allow you to know where you stand credit wise.
It is highly recommended that you take some sort of highlighter and mark any discrepancies that you may find on your credit reports. It is important that you take your time on this step of the fixing credit process. Even if your not 100% sure about something on one of your credit reports you will still want to highlight it. Make sure that your name, address, and work information are all correct.
Once you have located all errors it’s time to put together a letter of dispute, disputing each ding that you have found. Most credit repair kits will have templates that you can follow that will show you exactly how to format your letter. Actually the process is pretty simple. Once you have mailed your letter of disputes out to all three credit bureaus the process begins. The credit bureaus have 30 days to respond, and if they fail to by law they have to remove the disputes from your credit report.
When you take a step back and look at the big picture you realize that 30 days is a short amount of time for lenders to respond. In some cases the lender will just say that the error is correct without really looking into it. If you find yourself in this unfortunate situation do not panic. You will have to contact the lenders directly, but before doing so make sure you have proof of your claims.