Let no one fool you into believing that you need to get the services of a credit repair company for credit repair. Do it yourself. Truth be told; everything a credit repair company promises to do for you, you can do even more yourself. Truth be told, when you repair your credit yourself, you can pay attention to minute details. On the contrary, credit repair companies won’t. Most credit repair companies have hundreds or even thousands of clients. There is no way they can do as much as you can considering the amount they charge and the number of clients they have. Let me show you how to repair your credit yourself. So roll up your sleeves and let’s begin.
Order Your Credit Reports
Begin by ordering your credit report from the top three credit bureaus – Equifax, Experian and TransUnion. Do not expect the three reports to contain the same data. This is because creditors need not report to all three. You do not have to pay to get your credit report. Order your credit report for free once in a year through annualcreditreport.com
Search for Errors
The credit reporting system is not perfect, so expect to find errors. The truth is that if you find no errors, it is very likely you are not looking thoroughly.
Watch out for incomplete and outdated information, incorrect account histories, outstanding balances on loans that you have completed paying, and charge-offs and late payments that aren’t yours. When you spot such errors, make sure to contact the credit bureaus instantly and dispute the errors. This will significantly boost your credit score.
Don’t forget to document everything when disputing an item. Make sure to keep a record of all letters and forms you send to the credit reporting agencies. Take note of the dates you send out every document. The credit reporting agencies have the responsibility to investigate all relevant disputes in 30 days. When an item is not verified by the creditor, the credit reporting agency removes it.
Prioritize Your Bills; Pay Them Off
When you are down financially, making the wise decision as to what bill to pay off first is very important. Otherwise, you would end up paying less important bills while necessities will suffer.
Create a list of preference. Food and medical expenses as well as other family necessities should top the list. Following this closely is the paying off of secured debts like mortgage payment. Then pay utilities, car loan and child support. Unsecured debts like credit card debts should have a low priority. Although unpaid unsecured debts could still hurt your credit score, the good thing is that you have not pledged any collateral for them. Paying off secured debts first not only prevent a loss of property, it also helps boost your credit score while putting you in the right frame of mind to pay off unsecured debts later.
Rebuild Credit By Adding Positive Information
You want your on-time payment to reflect in your credit report. When securing a loan, don’t forget to ask lenders if they report monthly payment history to a credit reporting bureau. Not all lenders do this. So ask them to report your on-time payment since this can boost your credit score.
Make it a point to pay on time, every time. You build your credit score faster this way.
In summary, do not waste your hard-earned money getting the services of a credit repair company. If you are serious about credit repair, do it yourself.
What if I told you that you can repair your credit yourself in just 37 days? To learn how to do this, read my 37 Days To Clean Credit ebook review.
