Fixing Credit Report – The Good… The Bad… And The Truth

By the time you have completed this article you will have a working knowledge of the “fixing credit process.” It doesn’t matter why you have decided to learn this process the important thing is you have made a wise decision by doing so. Repairing your credit will open up new doors of opportunity for you. It can possibly lower you monthly bills, you will have the ability to open up a bank account, rent a nice apartment, the possibilities are endless.

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.

URGENT: You want to read this part carefully. Also you should prepare yourself to be shocked. The media wants you to believe that repairing your credit yourself is wrong. They will tell you that it is a dangerous and difficult process, and of course they just happen to have the solution which just happens to be their services.

Keep reading as I pull back the curtains and reveal the secrets of the credit repair agencies and their scams. The first tale-tale sign is when the company ask you for money up front. With money in hand they will string there victims along as long as they can. By the time you realize that you have been scammed it is to late. You will find yourself back at square one and with less money.

I am proud of my track record when it comes to the hundreds of individuals that I have helped by teaching them to repair their own credit. What I am even more proud of is the fact that most of the individuals didn’t have a clue what their credit report was let alone how to repair it. The even better part is most of them were able to do it in less than 60 days.

Here are a few steps that you can implement right now to repair your credit fast. The key is to start off by building a solid foundation. You can accomplish this by requesting your credit report from all three bureaus. Once you have your credit report in hand you will have a better understanding of 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.

After you have highlighted all errors it’s time to prepare for battle. You will need to prepare three letters of dispute, that is one for each of the credit bureaus. You will want to dispute EVERYTHING that you have highlighted. Any decent credit repair kit will have templates of a dispute letter if you need help. Once you have mailed your letters of dispute you are well on your way. As you can see the process is not that difficult as you were made to believe. In reality it is pretty simple. After mailing your letter of disputes out to all three bureaus it’s time to play the waiting game. The bureaus have 30 days to respond regarding removing the items you have disputed. If they fail to respond then by law they must remove those items from your 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.