How to fix credit seems to be a national addiction. For the past few years we've seen scores plummet as consumers in every income catagory have been affected by the downturn in the economy. As we start to regroup, seek other opportunities to increase income, the issue of credit always seems to come up.
What do you have to do if you want to begin work on your credit report? How do you fix bad credit, especially when you don't have any money?
The answer is that you absolutely are able to increase credit scores. You can get higher FICO scores, but you will have to do some work on your credit report in order to accomplish this. The first thing you must do is to get current copies of your credit reports. You will need all three files from Experian, Transunion and Equifax.
Alof of people do not realize that many credit reports have reporting errors. In fact, many of the credit reports contain errors that will hinder your positive scores.the simple fact is that most credit reports have reporting errors. This has been proven by many studies and, sadly to say, most of the low scores you see today are a result of improper credit reporting. Any error that is marked a a negative remark on your credit report will be bad news in the way of a lower score. You must dispute these negative entries and make sure they are removed from your credit file. the way to do this is through the dispute process.
To fix bad credit, start by writing a dispute letter. Make sure the letter is clear in your demands. A free copy is available on our web site, but there is no standard dispute letter or form to accomplish this. Do not write a dissertation on why you believe the error occured or even that it is impossible that the account could be past due because of this or that. Simply state that the account is being reported improperly and you want it corrected or removed.
The Fair Credit Reporting Act allows forthis dispute process and requires the bureau to respond within 30 days. The account in question must be verified or deleted if they are not able to verify that the reported information is correct. You must follow up by more dispute letters or even legal action if your credit report is not corrected to your satisfaction.
Many people do this themselves. Several people have used AVAIL, a credit report repair software with very good results. There is no need to load your records up and travel to a credit repair company when you have the luxury of doing this work online, in your home, on a secure server. The cost is negligible for so much information you receive.
What do you have to do if you want to begin work on your credit report? How do you fix bad credit, especially when you don't have any money?
The answer is that you absolutely are able to increase credit scores. You can get higher FICO scores, but you will have to do some work on your credit report in order to accomplish this. The first thing you must do is to get current copies of your credit reports. You will need all three files from Experian, Transunion and Equifax.
Alof of people do not realize that many credit reports have reporting errors. In fact, many of the credit reports contain errors that will hinder your positive scores.the simple fact is that most credit reports have reporting errors. This has been proven by many studies and, sadly to say, most of the low scores you see today are a result of improper credit reporting. Any error that is marked a a negative remark on your credit report will be bad news in the way of a lower score. You must dispute these negative entries and make sure they are removed from your credit file. the way to do this is through the dispute process.
To fix bad credit, start by writing a dispute letter. Make sure the letter is clear in your demands. A free copy is available on our web site, but there is no standard dispute letter or form to accomplish this. Do not write a dissertation on why you believe the error occured or even that it is impossible that the account could be past due because of this or that. Simply state that the account is being reported improperly and you want it corrected or removed.
The Fair Credit Reporting Act allows forthis dispute process and requires the bureau to respond within 30 days. The account in question must be verified or deleted if they are not able to verify that the reported information is correct. You must follow up by more dispute letters or even legal action if your credit report is not corrected to your satisfaction.
Many people do this themselves. Several people have used AVAIL, a credit report repair software with very good results. There is no need to load your records up and travel to a credit repair company when you have the luxury of doing this work online, in your home, on a secure server. The cost is negligible for so much information you receive.
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