Credit Repair: Do It Yourself in 4 Easy Steps

No one should fool you into thinking that you need the services of a credit repair company for credit repair. Do it yourself. Everything a credit repair company can do for you, you can do yourself. The truth is that you are better off repairing your credit yourself because only then can you pay attention to minute details. Most credit repair companies have hundreds or even thousands of clients. There is no way they can do as much as you can considering the amount they charge and the number of clients they have. 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. Since creditors do not need to report to all three, expect to find minor differences in the reports. You do not have to pay to get 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. The truth is that if you find no errors, it is very likely you are not looking thoroughly.

Watch out for incomplete and outdated information, incorrect account histories, outstanding balances on loans that you have completed paying, and charge-offs and late payments that aren’t yours. When you spot such errors, make sure to contact the credit bureaus instantly and dispute the errors. Do this, and you will significantly boost your credit score.

When disputing an item, do not forget to document everything. Keep record of all forms and letters that you send to the credit bureaus. Note the date you send out every document. The credit bureaus have the responsibility to investigate relevant disputes within a period of 30 days. If an item is not verified by the creditor, it is removed.

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 pay off less important bills while important bills like utilities will suffer.

Create a list of preference. Food and medical expenses as well as other family necessities should top the list. Following this closely is the paying off of secured debts like mortgage payment. Then pay utilities, car loan and child support. Unsecured debts like credit card debts should have a low priority. Although unpaid unsecured debts could still hurt your credit score, the good thing is that 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. So when securing a loan, ask lenders if they report monthly payment history to a credit reporting agency. It is not all lenders that do this. Ask them to report your on-time payments. This will help boost your credit score.

Make it a point to pay on time, every time. You boost your score faster this way.

In summary, do not waste your hard-earned money getting the services of a credit repair company. If you are 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? To learn how to do this, read my 37 Days To Clean Credit ebook review.

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