How to Repair Your Credit

by Credit Score Doc Credit Repair with Credit Score Doc

Summary: Do not let your bad credit repair process overcome on you. Credit repair companies are here to help.

Repairing your credit is not as difficult as you probably have heard it said, but it takes time and diligence. Simply use this guide and follow the steps to analyze your credit report, find errors that could damage your score, get advice on how to dispute those errors and avoid scams. Also you can take help of credit repair companies.

Step 1 - Obtain a Copy of Your Report

The first thing you should do is request your free credit report from the big agencies. These companies also help you in finding the solution for how to build credit.

Step 2 - Review Your Reports for Errors

Once you receive the reports from credit repair companies, review them carefully. The reports will be different in each agency, so this will take some time. Search:

Errors in personal information, including names (and their variations), Social Security numbers or addresses.

Errors in account listings, seeking information about delays in payments that are not correct, obsolete balances, listings with repetition of the same account, or other credit errors.

Negative elements, including bankruptcies, lawsuits, and seizures, collection of accounts or overdue payments that are incorrect and / or outdated.

The consultations of companies that you do not recognize. When a company reviews your credit report, information of the fact is created. Investigations on the report of companies that you do not know, can sometimes indicate fraud.

Disputing for Errors

This is the hard part; it is almost an art form because you must be very meticulous. All your complaints must be in writing (letter form). You can write to both the credit bureaus and the creditor who provided the negative information. You can also make a phone call before writing to the creditor to try to quickly resolve the problem.

Once the review is complete, the agency is responsible for giving you the results in writing and a free copy of your report with the points in dispute (items) extracted from the report if the information cannot be verified. You can also request that the credit agency send notices to anyone who has consulted your report in the last six months. And you can request a copy from any employer that obtained your report in the last two years. After all this you also come to know how to build credit and get solution of your problem.