Simple & Free Credit Repair You Can Do 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.
The law entitles consumers to a free copy of the credit report, one from each of the three agencies: TransUnion, Equifax, and Experian. You are able to get one from each bureau every 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 can begin your credit repair efforts once you have your reports in hand. You will want to go through them carefully, line by line.
Along with the report, you will get a "dispute" form - or an address where you can get it. This is where your initial credit repair efforts will focus.
For every entry that is incorrect, inaccurate, or outdated, you will be filing a dispute. Provide the correct information, or why it is incorrect, such as a debt that has been paid but not removed.
By federal law, the credit reporting bureaus have up to 30 days to verify each dispute. If they don't do so, or don't do it within the 30 days, they must remove those entries from your credit report.
By taking this simple step, you will find some of those negative entries will come off your credit report, and as such no longer contribute to a low credit score. In some cases, this can boost your score 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.
The law entitles consumers to a free copy of the credit report, one from each of the three agencies: TransUnion, Equifax, and Experian. You are able to get one from each bureau every 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 can begin your credit repair efforts once you have your reports in hand. You will want to go through them carefully, line by line.
Along with the report, you will get a "dispute" form - or an address where you can get it. This is where your initial credit repair efforts will focus.
For every entry that is incorrect, inaccurate, or outdated, you will be filing a dispute. Provide the correct information, or why it is incorrect, such as a debt that has been paid but not removed.
By federal law, the credit reporting bureaus have up to 30 days to verify each dispute. If they don't do so, or don't do it within the 30 days, they must remove those entries from your credit report.
By taking this simple step, you will find some of those negative entries will come off your credit report, and as such no longer contribute to a low credit score. In some cases, this can boost your score by hundreds of points!
posted by Credit Counseling at
6:12 PM
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