If you are currently repairing your credit report you understand how important your score is. How this number directly impacts your quality of life.

You will be judged by employers and lenders on this number. It can prevent you from being approved for credit and worse yet being hired for a job.

Many lenders will look at nothing else but your credit score when you apply for new credit. They rarely care as to the reason why a negative mark is on your credit.

There are two parts to credit repair that you should focus on.

1. Removing derogatory items from your report.

Derogatory items will cause the most damage to your score. However these marks can be removed and removed before waiting the full 7 years.

The Fair Credit Reporting Act gave consumers the power to dispute any mark on your credit report. When a dispute is filled you are saying to the bureaus that the negative mark is invalid or incorrect.

To file a dispute a dispute letter must be sent to each credit bureau. In this letter you must include why the listing is inaccurate. Common reasons are; not my account, item is out of date, account paid in full. Upon receipt of your letter the bureaus will investigate the disputed listing.

If the mark can not be verified then the credit bureau must remove it from your report. It has been found that once a listing is investigated it is often removed, regardless of its accuracy.

2. Build positive credit

This is a more difficult task with a low credit score. This is because it is difficult to be approved for new lines of credit.

However it is necessary to open a new line of credit. The best is an unsecured credit card even with the insanely high interest rate.

With this card you should try to keep the balance at around 10% of the credit limit. This will help your score because it shows you have available credit that is not being used; the bureaus call this your ratio of credit to debt.

Also by making your on time monthly payments it will create a positive payment history. If you can not build a positive payment history it will be next to impossible to improve your credit rating.

In sum, you can repair your credit without waiting the full seven years. However it may be in your interest to remove some derogatory items before you apply for a new line of credit. Understand that both these parts are vital to getting you to a 700 credit score.

For a free credit repair letter to dispute bad credit items on your report or to read a review of lexington law a suggested credit repair service visit us.

To read another article about how you can remove civil judgments.