Easy Credit Repair Steps You Can Take Right Now!
Regardless of your record or history, there are a number of quick & easy steps you can take towards credit repair. It's never too late, and costs nothing, yet the results can be huge!
You can begin by ordering a copy of your credit reports, going through them, and understanding them. There are three different credit reporting bureaus, and each one may have slightly different information.
By law, consumers are entitled to one free credit report from each of the these agencies, TransUnion, Experian, and Equifax. You can get one from each agency, each year.
The FTC, or Federal Trade Commission has a website set up specifically for this: annualcreditreport.com. This is the "official" site for these free reports - be wary of any other offers for "free" credit reports, as they won't actually be free.
You'll start your credit repair efforts as soon as you get your reports. To begin with, you want to read each report line by line.
The reports will either include a "dispute" form, or give you a web address where you can download them. This is where you will begin fixing your credit score.
Make a note of each and every entry that is either incorrect, outdated, or inaccurate. For each of these, you will be filing a dispute. You will want to list why the entry should be removed, such as a debt that has already been paid but hasn't yet been removed.
Each credit reporting agency has up to 30 days to either verify the information, or they must remove it by law. Even if the information is accurate, if they don't verify it in time, it gets removed.
With just this simple step, some of these negative entries will be removed from your credit report. They will no longer contribute to a low credit score, and your score will immediately go up - sometimes by hundreds of points!
You can begin by ordering a copy of your credit reports, going through them, and understanding them. There are three different credit reporting bureaus, and each one may have slightly different information.
By law, consumers are entitled to one free credit report from each of the these agencies, TransUnion, Experian, and Equifax. You can get one from each agency, each year.
The FTC, or Federal Trade Commission has a website set up specifically for this: annualcreditreport.com. This is the "official" site for these free reports - be wary of any other offers for "free" credit reports, as they won't actually be free.
You'll start your credit repair efforts as soon as you get your reports. To begin with, you want to read each report line by line.
The reports will either include a "dispute" form, or give you a web address where you can download them. This is where you will begin fixing your credit score.
Make a note of each and every entry that is either incorrect, outdated, or inaccurate. For each of these, you will be filing a dispute. You will want to list why the entry should be removed, such as a debt that has already been paid but hasn't yet been removed.
Each credit reporting agency has up to 30 days to either verify the information, or they must remove it by law. Even if the information is accurate, if they don't verify it in time, it gets removed.
With just this simple step, some of these negative entries will be removed from your credit report. They will no longer contribute to a low credit score, and your score will immediately go up - sometimes by hundreds of points!
posted by Debt Consolidation Loan at
12:55 PM
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