People who know they have "bad" credit and are a big "credit risk" are usually aware that something has to change with the way they manage their money and debts.
You will need the "do it yourself" directions to assist you with this time consuming and sometimes discouraging project. However, you will be proud of the finished project.
First you need to find out what your actual "credit score" is because it is this 3 digit number that you will want to raise. A score over 700 is considered "good", but under 700 may be problematic. This knowledge is fundamental to the process.
To find out this information, you will begin by obtaining your credit reports. You will need to be brave and confront these reports. There are 3 credit bureaus that supply reports: TransUnion, Equifax, and Experian. On a yearly basis, you are able to receive a free report (fee for the credit score) from each of these agencies. For the details on this procedure, see www.annualcreditreport.com.
Once you have the reports, you can compare them because they may be different. Businesses may report credit information to different credit bureaus.
When you finish comparing them, review each report for errors. You will need to DISPUTE ANY ERRORS. There is no quick fix, but repairing your credit is a work in progress.
Contact the credit bureaus in writing with a copy of the report, the errors and reason why you need to have it rectified. Remember to keep copies of everything you send. There's an old saying: "If it's not documented, it didn't happen."
This is essential information for you to have because there may be some unexpected surprises on those reports. Stay with the process, confront the issues. - 16955
You will need the "do it yourself" directions to assist you with this time consuming and sometimes discouraging project. However, you will be proud of the finished project.
First you need to find out what your actual "credit score" is because it is this 3 digit number that you will want to raise. A score over 700 is considered "good", but under 700 may be problematic. This knowledge is fundamental to the process.
To find out this information, you will begin by obtaining your credit reports. You will need to be brave and confront these reports. There are 3 credit bureaus that supply reports: TransUnion, Equifax, and Experian. On a yearly basis, you are able to receive a free report (fee for the credit score) from each of these agencies. For the details on this procedure, see www.annualcreditreport.com.
Once you have the reports, you can compare them because they may be different. Businesses may report credit information to different credit bureaus.
When you finish comparing them, review each report for errors. You will need to DISPUTE ANY ERRORS. There is no quick fix, but repairing your credit is a work in progress.
Contact the credit bureaus in writing with a copy of the report, the errors and reason why you need to have it rectified. Remember to keep copies of everything you send. There's an old saying: "If it's not documented, it didn't happen."
This is essential information for you to have because there may be some unexpected surprises on those reports. Stay with the process, confront the issues. - 16955
About the Author:
With never before seen challenges in the credit markets it's more important than ever to have excellent credit. For more information check out Rob Kosbergs' Detailed FREE Guide on Maintaining and Repairing your Credit Score by going to Bad Credit Repair for your FREE information.
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