Credit Repair Techniques - Part 1 of 3
The first step in credit repair is to understand that anything a credit repair service can do for you, you can do for yourself by following these simple steps.
If you have been notified that you have adverse credit or declined for a loan based on the findings in your credit report you should contact all 3 credit reporting agencies and request a copy of your credit report with-in 60 days of being notified. The 3 companies namely Equifax, Experian and TransUnion have a central website and a toll free number.
They are required by law to send you a copy of your report free of any charge if you contact them through the following method.
Go to WWW.ANNUALCREDITREPORT.COM or call 1-877-322-8228
Below is a Sample Dispute form you will send in once you receive your reports to dispute any inaccurate information in your report.
This form can be found at ftc.gov
Sample Dispute LetterDate Complaint Department Dear Sir or Madam: I am writing to dispute the following information in my file. The items I dispute also are encircled on the attached copy of the report I received. This item (identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.) is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that the item be deleted (or request another specific change) to correct the information. Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please investigate this (these) matter(s) and (delete or correct) the disputed item(s) as soon as possible. Sincerely, Enclosures: (List what you are enclosing.) |
Please return for more information on how to Improve your credit scores legally via credit card consolidation and manipulation. How many credit cards is it good to have? How many is too many? Are my balances to low or to high on certain credit cards and how can I consolidate them to maximize my scores? All this and much more.
Part 1 of 3
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