Bad Credit Gone

Do not be fooled into believing that you need the services of a credit repair company for credit repair. Do it yourself. Truth be told; everything a credit repair company promises to do for you, you can do even more 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 of clients. And for the amount they charge, there is no way they can do the same thing you would do. Let me show you how to repair your credit yourself. So roll up your sleeves and let’s begin.

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 do not have to pay to get your credit report. Once a year, you can order your credit report free through annualcreditreport.com

Search for Errors

The credit reporting system is not perfect, so expect to find errors. In fact, if you find no errors, then you may not be looking properly.

Watch out for incomplete and outdated information, incorrect account histories, outstanding balances on loans that you have completed paying, and charge-offs and late payments that aren’t yours. 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. All forms and letters that you send to the credit reporting agencies should be recorded. 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 pay off less important bills while important bills like utilities will suffer.

Create a list of preference. Food and medical expenses and other family necessities should come first. The paying off of secured debts like mortgage should follow this closely. 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. When securing a loan, don’t forget to ask lenders if they report monthly payment history to a credit reporting bureau. Not all lenders do this. Then ask them to report all your on-time payment as this will raise your credit score.

You should make it a point to pay on time, every time. This way, you build your credit score faster.

Finally, don’t waste your time and money using 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.