Easy Credit Repair Steps You Can Take Right Now!
Regardless of your track record or credit history, you can take some simple steps and do your own credit repair. You can begin right away, and it won’t cost you anything - but the improvement can be gigantic!
You can begin by ordering a copy of your credit reports, going through them, and understanding them. There are three different credit reporting bureaus, and each one may have slightly different information.
By law, consumers are entitled to one free credit report from each of the these agencies, TransUnion, Experian, and Equifax. You can get one from each agency, each year.
There is a website set up by the FTC (Federal Trade Commission) specifically for this purpose: annualcreditreport.com. Be leery of any other sites claiming free credit reports - there will be strings & fees attached.
You can begin your credit repair efforts once you have your reports in hand. You will want to go through them carefully, line by line.
These reports will either include a “dispute” form, or give you a web address to get them. This is the key where you will begin to fix your credit.
Make a note of every outdated, inaccurate, or incorrect entry - you will be disputing these. Fill out a dispute form and provide corrected information, or why it is inaccurate, such as debts that have already been paid but are still listed.
By law, the credit reporting agencies have 30 days to verify the information being disputed. If they cannot verify it, or don’t do so within the allotted 30 days, those entries must be removed from your credit report.
By taking this simple step, you will find some of those negative entries will come off your credit report, and as such no longer contribute to a low credit score. In some cases, this can boost your score by hundreds of points!