7 Steps to Credit Repair
Posted on May 29th, 2009 in Uncategorized |
1. You must have a copy of your credit report.Your credit report should be checked every so often to catch any errors.Make sure your information is correct in it because your credit history can affect more than financing, insurance companies look at this stuff too.Catching identity theft is also a reason to check your credit.
2. Examine every detail of the report.You can see any inaccuracies or bad listings by doing this.Making sure nobody is stealing your identity is a reason for analyzing your credit history.
3. Mark down items that you are not sure about.The positive things in your report are important too.The Fair Credit Reporting Act states that a creditor must notify you of any negative information they are reporting so keep a record of all documentation they send you.Use the FCRA against them if they have not notified you of any negative entry. They will have to remove the entry if you have not been notified.
4. Check all of the items you think are wrong and send it in a dispute letter to the credit agencies. Certified mail is the way to send the letter to be sure they have received it.By law they have to respond within a certain number of days so the registered letter will let you know when the time started for them.
5. Keep track of any correspondence with them. Write down dates, times, and who you talked to and any results you may have found.You want to look like you are in charge of your credit so make all your records easily available to you to dispute anything that needs to disputed.
6. When you get the results, look over them carefully. They will show a summary of changes it made to your report.Make sure your notes are in sync with the changes made.
7. If you find something is not fixed, repeat these steps again until you are satisfied with the results.Get them to investigate the dispute as many times as it takes to get it fixed, it will not cost extra.
