In repairing a bad credit profile, you should observe that the rules of fixing a credit profile are followed.
A well-laid out repair plan will not go wrong and will get you a good score increase if you have taken care of every aspect from scratch.
The first phase of your plan should be to document the negatives and errors that you will tackle in your effort at restoring your file.
Next, you classify them in order of the degree of damage they are capable of exerting on your file: Foreclosure, Bankruptcy, Late Payments, Collections, etc.
The reason for writing out the problems on your file is so that you can begin handling them from the top.
The most effective method you can use to get any of the negatives removed from your file is to write a dispute letter to the reporting agency that has the particular item you are disputing.
You want to ensure that the reporting agency attends to your letter, and to guarantee that you do not have to dispute more than one item at a time.
This way, you will avoid your letter being labeled frivolous.
Also, include some information about yourself in your letter such as your name, house and mailing address, social security number, telephone number and any necessary detail about the item in dispute.
Include in your letter that you want the agency to respect the law spelt out by the Fair and Accurate Credit Transactions Act, and as a result, they should respond to your letter within 30 days of receiving your letter.
If, however, they are not able to complete their investigation within 30 days of receipt of your letter, the law requires that they delete the item in dispute from your file.