START BY IMAGINING A MORE BEAUTIFUL YOU....

START BY IMAGINING A MORE BEAUTIFUL YOU....

Imagine The Possibilities Of A More Youthful And Beautiful You.
Not Only In Body But In Spirit As Well...
If Your Mind Can Imagine And You Have The Will To Create....

Esthetics By Diana Has Been Doing Just That For More Than A Decade With Professional
Spa And Beauty Treatments Tailored To Fit Your Personal Needs…...

Comer Para Perder

Comer Para Perder
"Spanish Version"

Sunday, April 7, 2013

How to Fix Your Credit Report - Fix Your Credit Report in 3 Easy Steps

By Cheryl P. Rivera


It's an unfortunate fact of life, but bad things happen to good people every day. If you have found yourself in a bad situation with your credit, the good news is there are easy ways to fix your credit report. In this article, we will discuss three easy steps you can take to fix your credit report and get on your way to a brighter financial future right away.

The first thing you will need to do is get a copy of your current credit report. It is a good idea to go ahead and pay for your score, because that is the only way you are going to truly understand how far you have to go.Once you have your credit report, review it very carefully. The first step of credit repair is cleaning up any errors that are dragging your score down. You can also dispute legitimate negative accounts, as there are methods that you will want to use later that will require you to have done this. You will need to dispute these accounts immediately with the credit bureaus. It is best to do this via certified mail, return receipt requested. One important thing to note is that you do not want to dispute too many accounts at one time. Stick to no more than four accounts.

Once you have the results of your disputes, you will want to move on to the next step for any accounts that were not successfully removed from your credit report. Depending on who is currently servicing the accounts, you will want to go through the 623 method or the debt validation method. In both of these strategies, you are dealing directly with the account holder and requiring them to prove to you specific information regarding your account. If they cannot do this, they are not legally allowed to report to the credit bureaus.

Sometimes there will be negative accounts such as collections, judgments and public records that are listed on your credit report in error. When attempting to fix your credit report, you should look at each individual account and verify that the information reported is accurate. If you locate accounts on your report that are potentially negative and obviously reporting incorrectly, credit reporting agencies use a process called a "dispute" to allow consumers to dispute potentially negative items and inaccuracies on their credit reports. Disputing an item listed on your report with a credit reporting agency is free to do, so if you find inaccurate information in your file don't hesitate to dispute it.

Next, be aware of your financial limitations and do your best to pay your creditors on time. While following the first two steps in this article, it is imperative that you continue to pay your debts in a timely manner to fix your credit report. If you have had trouble paying your bills on time in the past, consider using a dedicated calendar in your home just for paying bills. In addition to using a calendar to track your due dates and payments, you should also consider using any of the free automatic bill pay options that many creditors offer. Having your payments made automatically for you is a great way to ensure that you are paying your bills on time every month.

Taking these proactive steps to fix your credit report are by far the easiest ways to increase your score and secure your financial future. Following any one of the three steps outlined in this article will help you to improve your credit score drastically, but following all three steps every day can have astounding results. If you are ready to start making major purchases, such as buying a first residential property or car, you may be curious abut how to fix your credit score. Sadly, many consumers make the mistake of damaging their own consumer credit reports well before they have the opportunity to own anything of value. The good news is that there are quite a few things that can be done to make repairs.

It is always important for people to get a good understanding of what they are dealing with before they start attempting to raise their scores. This requires people to request copies of their reports from each one of the three major reporting agencies. These should all be fairly identical to one another, however, you may note some marked differences.Studying each of these documents and the differences that you are able to spot could help you to identify glaring reporting errors. For instance, sometimes companies report charges to the wrong consumer report. This is because the names of the two individuals might be very similar or even identical. This tends to happen a lot to people who have very common names, such as John Smith.

Improving your credit score is as easy as writing the letter to direct errors and outdated entries be deleted from your credit report. No, you won't be able to challenge and have timely, accurate bad credit entries deleted from your credit history. These stay, sometimes remaining on your records for as long as 10 years. But many entries, such as 30 day late payments on credit card accounts and negative information in civil matters, must by federal law be removed after 2 years. These key derogatories will be what you will want to find and challenge.

Your real key to repairing your credit is to write an effective letter to the CRA (that is, the "Consumer Reporting Agency") pointing out specific information you have identified which is inaccurate. When sending this type of letter, attach copies (not the originals) of all important, relevant documents supporting your case.You must provide the CRA with your complete name, your address, plus contact information. Moreover, your credit dispute letter needs to clearly identify each item in your report you dispute. Simply state the facts and explain why you are now disputing the information. Be clear that you demand deletion and removal of this information. You can easily follow the template of a sample credit repair letter to craft your own dispute letter.

Consumers must also work hard to develop positive lines of credit. If you want to know how to fix your score in a major way, you will find that spending money will actually help to increase an individual's purchasing power. You do not need to make a major purchase in order to do this. In fact, many people establish positive lines of credit by simply signing up for secured credit cards or by letting a business finance an in-store furniture purchase. These accounts are easy to manage and pay down and will help you to show yourself as being worthy of larger amounts of funding.




About the Author:



No comments:

Post a Comment