Fixing bad credit is not that difficult
There isn't one person out there that has never experienced a bad credit mark. Yes, some people have a larger list of bad marks than others, every one of us is in one of just a few possible places with regard to bad credit marks. Your reports are either perfect / nearly perfect, or they need some help fast, or they are shot to hell, and credit is a thing of the past.
It doesn't matter which category you fall under you should have some knowledge of how to remove bad marks. The bottom line is sometime between now and when you die you will face the challenge of a bad mark against your good name. Having the knowledge of removing such a bad mark whether it's your or not is truly an asset.
As far as getting items removed or updated, there are no guarantees. With a little understanding of the process you will be shocked at what you can accomplish. Remember that an improvement on your credit reports can save you a lot of money. Better interest rates over your lifetime could add up to millions of dollars in savings.
Ok so in order to start the process the first thing you need is a current copy of all 3 of your credit reports. Fixing one report isn't enough. Order your reports from Experian, Trans-union, and Equifax. When you receive these reports you will need to look at each item and identify the ones that hurt. Now we simply challenge the accuracy of these bad marks.
If it's a large debt that is not that old chances are your challenge will be met with a phone call from a debt collector to pay up. Sometimes this is welcome because negotiating the payoff and getting the account listed as paid, makes it far more easy to remove.
So the idea is to get everything to a point where there's no motivation for an office worker to get off their butt and respond to a challenge because there's no benefit to respond. If $5,000 is on the line there's a benefit for the reporting company to respond an hold you accountable, make you pay.
Once the debt, the late pay, etc., becomes paid or so old there's no one to benefit then it's extremely likely that the reporting company will likely not respond within the allotted time of 30 days.
*You can use a separate document noting the account, and account numbers or simply write directly on the report. Ask the bureau to remove the incorrect information as it's inaccurate and to please verify the inaccuracy and update you as to the results.
The steps to clean credit are a lot of fun. Experiment with your credit reports and you will see some amazing results. You should even consider offering the service to your community, you can make some good money helping others fix their bad credit.
It doesn't matter which category you fall under you should have some knowledge of how to remove bad marks. The bottom line is sometime between now and when you die you will face the challenge of a bad mark against your good name. Having the knowledge of removing such a bad mark whether it's your or not is truly an asset.
As far as getting items removed or updated, there are no guarantees. With a little understanding of the process you will be shocked at what you can accomplish. Remember that an improvement on your credit reports can save you a lot of money. Better interest rates over your lifetime could add up to millions of dollars in savings.
Ok so in order to start the process the first thing you need is a current copy of all 3 of your credit reports. Fixing one report isn't enough. Order your reports from Experian, Trans-union, and Equifax. When you receive these reports you will need to look at each item and identify the ones that hurt. Now we simply challenge the accuracy of these bad marks.
If it's a large debt that is not that old chances are your challenge will be met with a phone call from a debt collector to pay up. Sometimes this is welcome because negotiating the payoff and getting the account listed as paid, makes it far more easy to remove.
So the idea is to get everything to a point where there's no motivation for an office worker to get off their butt and respond to a challenge because there's no benefit to respond. If $5,000 is on the line there's a benefit for the reporting company to respond an hold you accountable, make you pay.
Once the debt, the late pay, etc., becomes paid or so old there's no one to benefit then it's extremely likely that the reporting company will likely not respond within the allotted time of 30 days.
*You can use a separate document noting the account, and account numbers or simply write directly on the report. Ask the bureau to remove the incorrect information as it's inaccurate and to please verify the inaccuracy and update you as to the results.
The steps to clean credit are a lot of fun. Experiment with your credit reports and you will see some amazing results. You should even consider offering the service to your community, you can make some good money helping others fix their bad credit.
About the Author:
credit repair skills are important to every individual on the planet. You should have some individualal knowledge of how to repair bad credit, just like you should know how to balance your check book. Think of the benefits. For a complete manual on credit repair strategies visit us at http://www.creditfixing.com
posted by Debt Consolidation Loan at
8:02 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home