If you want to erase negative credit from your report, but thought it would be too difficult…you’re not alone. Each year, thousands of people spend literally millions of dollars on credit repair services or agencies because they simply assumed it would be too difficult to do it themselves.
However, the truth is you can repair your credit yourself rather quickly and for little or no money. Also, not only is it possible to do it yourself, but it is probable that you would be able to do a better job of it than a traditional credit repair clinic.
Here, in a nutshell, are the 3 major steps you can take to repair your credit history yourself:
1) Obtain A Copy Of Your Credit Report
Every 12 months, you are entitled (by law) to a free copy of your credit report. There are two ways that you can request one from annualcreditreport.com; either fill out and return (to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281) their request form, or call them on 1-877-322-8228.
Once you receive your report, go through it and write down every negative item you want to dispute. Oftentimes, your report will contain mistakes, out-dated information, and even completely false blemishes on your record.
2) Dispute Mistakes And Out-Dated Information
Write a simple dispute letter informing the credit bureaus of specific marks you wish to dispute. Try not to turn it into your life story – the shorter and more precise it is the better. Be sure to include copies of any proof supporting your position. On receiving your letter and any supporting evidence, the credit reporting agency will then evaluate your position. They will get back to you with their decision – either removal of the negative credit marks, or verification of them..
3) Supplement Your Credit Report With Positive Information
This is where you can outshine and outperform even the most prominent credit repair services. Over a period of time, you start accumulating positive marks on your credit report. By simply getting a secured credit card, gas or department store cards, or a small installment loan and paying them on time, you can build up a good recent credit history.
In summary, it’s definitely worth taking the time to follow these guidelines and to learn how to erase negative credit from your report yourself. After all, it is your credit history at stake.
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