Improve Your Credit Scores With These 3 Tips
If you want to erase negative credit from your report, but thought it would be too difficult…you’re not alone. As many people assume that it is too difficult to do themselves, credit repair services and agencies earn literally millions of dollars a year in custom from those with financial problems.
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.
So, how can you repair your credit history yourself? Here are the three steps that you should take:
1) Obtain A Copy Of Your Credit Report
According to the law, you are entitled to one free credit report every 12 months. 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. You can add positive marks to your report over time. To build up a good recent credit history, you simply need to take out new credit cards or department store cards and pay them off in full at the end of every month. Every time you do this, you will be showing that you have changed your ways and are no longer a risk to money lenders.
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. It’s your credit history at stake, so take responsibility for it.
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