Credit repair is an act of correcting errors, omissions, and false information on your credit report. It is a legal requirement for all consumers to keep their credit reports up to date and accurate. Credit repair is the best way to improve your credit score. Credit repair can get expensive when hiring a credit repair firm but here are how to fix my credit some inexpensive methods to help you clean up your credit yourself. This will save you from spending money from repairing your credit.
First, do not attempt to do the dispute by yourself. If you have bad credit, it is a time consuming process to try to get it cleaned up. A credit repair service can help you clean up your report quickly and easily but you will end up paying a lot more if you decide to dispute everything yourself. It may seem like you are saving money since you are not paying a credit repair company to help you, but you are losing money in the long run. There are professional firms that are very good at getting information out of people who are suffering from bad credit. A simple dispute will get you a free report that you can save to refer to later.
Second, look into a credit counseling agency. Most credit counseling agencies are non profit and will help you clean up your report and your score. They charge a small fee but it could save you money on your credit repair cost. One thing to watch out for is to make sure you are going to a legitimate company that is not going to ask you to wire money upfront. If they try to charge a upfront fee, do not go through with it, you can find many other ways to pay or get a prepaid form of payment.
Third, you can dispute the item with the Better Business Bureau. The best way to dispute an item with the bureau is to write them a letter and send it certified mail. If you want to see proof that the listing is incorrect, then by all means show it to them. You can also contact the bureau by phone and ask them to verify that the information is accurate. If they can not provide proof, then it is free to remove the listing.
Fourth, contact a reputable credit bureau that has handled your dispute before. A reputable agency will offer to either repair the problem yourself or give you a full reimbursement. If you decide to go through with a dispute with a credit bureau, then mcclary says you should be prepared for them to contact you. Usually they will do this via certified mail and will give you a tracking number if you wish to track it. This tracking number will let you know when the dispute was received by the credit bureau.
Last, if you choose to go through with a dispute with the credit bureau, make sure you know the names and addresses of the three people involved in the bad credit history. If you do not have this information, then you could end up having to dispute an item on your credit report that is not yours. If the error cannot be verified on your own, then you need to get a third party involved to assist you. The better process will require that you first obtain a copy of your previous month’s statement, attach the old item to the new one, and then attach the new one to your previous month’s statement.