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Repairing your own credit.

Updated: Jan 5

Credit Repair the Do-It-Yourself Way

Negative remarks on your credit report can cost

serious money. You do not have to despair though,

since it is never too late to become credit worthy

again. However, always remember that credit repair do

not happen overnight. It requires serious dedication

and perseverance to start on a clean slate once more.

How to Get Started

You should know what the three credit bureaus are and

what they are saying about you. Since creditors do not

have to report to Equifax, TransUnion and Experian all

together, they generally only report to one or some to

which they are subscribed to. This only means that

each report from each bureau is slightly different

from one another.

The first thing you need to do is to order your credit report. Remember to order it from each bureau because

you would only waste time and money if you only order

a credit report from one bureau. The cost of the

credit report might vary from state to state though it

is estimated that the cost of your credit report is

around $9. Click here to order your credit report for $1

However, you are entitled to a free copy of your

credit report from the agency if you have been denied

of employment or credit due to your credit report. You

can ask the company to provide you with the name of

the credit bureau, telephone number and address.

Once you get a hold of your credit report, examine it

carefully. Since the credit bureaus create your credit

report based on the information they receive on your

creditors, they are never verified. It is your job to

maintain your credit report a good reflection of you.

Be on the lookout for errors on typing, incomplete

information, and outdated and inaccurate histories of

your account. After examining the report correctly,

list all the errors you want to dispute and the

reasons why.

Since bad reports cost money, remember to be thorough.

You have two choices, which is to either complete the

argument form supplied with your credit report or

write a letter. It is also recommended to send a

photocopy of your report with the errors circled to

the credit bureau who supplied the report.

Additionally, do not forget to include supporting

documents with your report.

After sending the documents and report, do not forget

to keep copies of all the forms and the date you sent

it. Normally, the bureau will investigate the dispute

in the span of thirty days prior to receiving your

letter. More so, any item that is proved to be

inaccurate is removed.

Stability in Your Credit Life

Another way to repair your credit is to show that you

can still work on adding positive information and

stability in your credit life. Even if you have the

credit, there can be a time when you get denied of

credit due to insufficient credit file. There are

several creditors that do not report your credit

history to the credit bureaus. What you can do is to

try asking the grantors to report the information of

your account and the history of your monthly payment

to the credit-reporting agency.

You can also try building a solid credit history

through the use of secured credit cards. These kinds

of credit cards are offered to those with no credit or

in the process of repairing their credit.

Additionally, it is advised to open a savings account

in your bank. Doing so, would show your creditors that

you are trying to save and that you are reserving

money to pay off your debts.

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