Don't Take “No” For An Answer When It Comes to Your Credit!

It's almost the new year, and here's some good news: It is possible to repair your own credit. The primary thing you must recognize before setting out to do this on your own is what your financial status looks like. Knowing specific details about your debts will help you come up with a plan that you can make work. If you are thinking of buying a home in Broward County anytime in the not-to-distant future, now is the time to ensure your credit-worthiness!

Repairing your credit is important in order to obtain future credit and loans. A good way to repair your credit is to ensure that you pay all of your credit card bills on time. Even only paying the minimum will help to show potential credit lenders that you are credit worthy.

Be sure you review your credit report for errors, because mistakes are commonly found. So you should check all of the information you find in them. Should you find a mistake, write to the credit agency and advise them of the mistake within 28 days of the report. They are mandated by law to assist you in resolving any problem.

There are three national credit-reporting agencies that count: EQUIFAX, TransUnion and Experian. Keep in mind that different creditors often use different agencies when reviewing loan applications, and some may even use more than one. The information reported to the agencies may vary significantly, therefore take time to thoroughly review them all.

Once you have contacted the credit bureau agency and they have agreed to correct some of the errors from your file, be sure to request a written confirmation from them stating that they have agreed to review and correct the errors. It is a very good idea to keep a record and to document communications made with the bureau. This is for your protection.

You might consider consulting an expert if you do not understand why there are errors on your report. Don't wait to take action. It is your future buying power and ability at stake!

Now that you have looked into your financial situation and discovered what your plan will be, initiate your plan of attack. Repairing credit is not an intimidating task if you take it one step at a time and realize it will take patience and will-power.

My name is Cheryl Lopes and I, along with my proven team of real estate professionals, want to be your biggest advocate and 'one-stop' resource provider for all real estate and related information. Let me show you how to experience the wonderfully powerful results of highly effective marketing today.