Fixing bad credit is not that difficult
We all have credit blemishes on our reports. Some of us worse than others. You as a consumer fall into one of only a few categories with regard to the current state of your credit. Its either fantastic with just a blemish or two, it's in a state of disarray and need help, or its absolutely horrid and needs a complete re-haul.
It doesn't matter which category you fall under you should have some knowledge of how to remove bad marks. The bottom line is sometime between now and when you die you will face the challenge of a bad mark against your good name. Having the knowledge of removing such a bad mark whether it's your or not is truly an asset.
As far as getting items removed or updated, there are no guarantees. With a little understanding of the process you will be shocked at what you can accomplish. Remember that an improvement on your credit reports can save you a lot of money. Better interest rates over your lifetime could add up to millions of dollars in savings.
Ok so in order to start the process the first thing you need is a current copy of all 3 of your credit reports. Fixing one report isn't enough. Order your reports from Experian, Trans-union, and Equifax. When you receive these reports you will need to look at each item and identify the ones that hurt. Now we simply challenge the accuracy of these bad marks.
Now again use your brain here, if the debt is large and unpaid and recent you will invariably get a response when challenging it and its also likely you will get a letter or phone call to resolve it. Welcome the opportunity to negotiate and pay the debt, and then re-challenge the mark. Creditors are less likely to respond when there's no money on the table.
Motivation on the part of the creditor is what it's all about. Some will respond to anything but most will respond only when there's an underlying benefit, like getting paid. If the bad mark is a settled debt, or very old then the creditor / collector may not be inclined to stop what they are doing to reply to the bureaus.
The key is to get the bad mark to a point where there is no benefit for the creditor to respond. Yes they have people for this, specifically to handle these inquiries, but systematical bombardment will likely turn in your favor, especially when there's no money on the line.
When you challenge the marks, just write in blue ink directly on the credit report. Unless otherwise specified this is the best way to track results. Let them know that the bad mark is incorrect and negatively affecting your profile, ask them to verify and remove the mark and update you when they are done.
The fact is, repairing credit is fun and rewarding. If you want to provide a good service to the community get good at this and offer your services to your community. Let's face it, in the coming years this will be a service everyone need, and finding someone that knows how to do it isn't that easy.
It doesn't matter which category you fall under you should have some knowledge of how to remove bad marks. The bottom line is sometime between now and when you die you will face the challenge of a bad mark against your good name. Having the knowledge of removing such a bad mark whether it's your or not is truly an asset.
As far as getting items removed or updated, there are no guarantees. With a little understanding of the process you will be shocked at what you can accomplish. Remember that an improvement on your credit reports can save you a lot of money. Better interest rates over your lifetime could add up to millions of dollars in savings.
Ok so in order to start the process the first thing you need is a current copy of all 3 of your credit reports. Fixing one report isn't enough. Order your reports from Experian, Trans-union, and Equifax. When you receive these reports you will need to look at each item and identify the ones that hurt. Now we simply challenge the accuracy of these bad marks.
Now again use your brain here, if the debt is large and unpaid and recent you will invariably get a response when challenging it and its also likely you will get a letter or phone call to resolve it. Welcome the opportunity to negotiate and pay the debt, and then re-challenge the mark. Creditors are less likely to respond when there's no money on the table.
Motivation on the part of the creditor is what it's all about. Some will respond to anything but most will respond only when there's an underlying benefit, like getting paid. If the bad mark is a settled debt, or very old then the creditor / collector may not be inclined to stop what they are doing to reply to the bureaus.
The key is to get the bad mark to a point where there is no benefit for the creditor to respond. Yes they have people for this, specifically to handle these inquiries, but systematical bombardment will likely turn in your favor, especially when there's no money on the line.
When you challenge the marks, just write in blue ink directly on the credit report. Unless otherwise specified this is the best way to track results. Let them know that the bad mark is incorrect and negatively affecting your profile, ask them to verify and remove the mark and update you when they are done.
The fact is, repairing credit is fun and rewarding. If you want to provide a good service to the community get good at this and offer your services to your community. Let's face it, in the coming years this will be a service everyone need, and finding someone that knows how to do it isn't that easy.
About the Author:
credit repair knowledge is important to every individual on the planet. You should have some individualal knowledge of how to repair bad credit, just like you should understand how to balance a check book. Think of the potential benefits. For a complete manual on credit repair strategies visit us at http://www.creditfixing.com
posted by Credit Counseling at
3:27 AM
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