Bad Credit Gone

You’re not alone in wanting to erase negative credit from your report. Many others find themselves in this same difficult position. As many people assume that it is too difficult to do themselves, credit repair services and agencies earn literally millions of dollars a year in custom from those with financial problems.

However, the truth is you can repair your credit yourself rather quickly and for little or no money. In fact, you may actually be able to do better than a traditional credit repair clinic because only you have the authority to add positive credit marks to your report over time (I’ll explain this better in a minute).

Here, in a nutshell, are the 3 major steps you can take to repair your credit history yourself:

1) Get Your Credit Report

According to the law, you are entitled to one free credit report every 12 months. There are two ways that you can request one from annualcreditreport.com; either fill out and return (to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281) their request form, or call them on 1-877-322-8228.

Once you receive your report, go through it and write down every negative item you want to dispute. It’s far from uncommon for credit reports to include out-dated information or mistakes, and even completely false details.

2) Dispute Mistakes And Out-Dated Information

You need to let the credit bureau know about everything that you want dispute by sending them a letter. Keep it short and to the point. You’ll also want to send with your letter copies of documents that support your claims. Once the credit reporting agency investigates, they will either be unable to verify and remove the negative credit mark. Or, they will verify the item.

3) Supplement Your Credit Report With Positive Information

This is something that you can do yourself, which even the best credit repair services wouldn’t be able to do for you. Over a period of time, you start accumulating positive marks on your credit report. To build up a good recent credit history, you simply need to take out new credit cards or department store cards and pay them off in full at the end of every month. Every time you do this, you will be showing that you have changed your ways and are no longer a risk to money lenders.

In summary, it’s definitely worth taking the time to follow these guidelines and to learn how to erase negative credit from your report yourself. It’s your credit history at stake, so take responsibility for it.

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