Do It Yourself Credit Repair

No one should fool you into thinking that you need the services of a credit repair company for credit repair. Do it yourself. The truth is that everything a credit repair company can do for you, you can do on your own. In fact, you are better off doing it yourself because only then can you pay attention to minute details. Most credit repair companies have hundreds or even thousands of clients. And for the amount they charge, there is no way they can do the same thing you would do. Roll up your sleeves and let me show you how to repair your credit yourself.

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 are not required to pay to get a copy of 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. If you find no errors, then you have not done an exhaustive study of your credit report.

Look out for outdated and incomplete information, inaccurate account histories, outstanding balances on loans you have completed paying, and late payments and charge-offs that are not yours. If any such errors are spotted, immediately contact the credit reporting agencies and dispute the errors. Doing this will significantly boost your credit score.

Don’t forget to document everything when disputing an item. Keep record of all forms and letters that you send to the credit bureaus. Note the dates every document is sent out. It is the responsibility of the credit bureaus to investigate relevant disputes within 30 days. An item is removed by the credit reporting agency if it is not verified by the creditor.

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 and other family necessities should come first. This should be closely followed by paying off secured debts like mortgage payment. Next, pay utilities, car loan and child support. Unsecured debts like credit card debts should have a low priority. While unpaid unsecured debts could still hurt your credit score, 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. Always ask lenders whether they report monthly payment history to a credit bureau. It is not all lenders that do this. Ask them to report your on-time payments. This will help boost your credit score.

Always make it a point to pay on time. You boost your score faster this way.

In all, don’t waste your hard-earned cash using the services of a credit repair company. Serious about credit repair? Do it yourself.

But what if I told you that you can fix your credit yourself in as little as 37 days? Read my 37 Days To Clean Credit ebook review to find out how.