We all have credit blemishes on our reports. Some of us worse than others. You as a consumer fall into one of only a few categories with regard to the current state of your credit. Its either fantastic with just a blemish or two, it's in a state of disarray and need help, or its absolutely horrid and needs a complete re-haul.
It doesn't matter where you fall in the list or how you got there, the bottom line is having the ability to remove these bad marks, your or not, is truly an asset. Even if your Mr./Mrs. Perfect you will someday be faced with at least an error on your report and knowing the steps to remove such an error is quite necessary.
When it comes to removing unwanted marks, there are no guarantees. However with a little knowledge and practice of some proven tactics you will be pleasantly surprised at what you can accomplish. Don't underestimate the power of improving your credit reports. The savings on interest over your life time can be in the millions.
The first thing you need to do is order all of your credit reports. This requires an online free credit report service or a written request to Experian, Trans-union and Equifax. So step 1 is simply order your reports. Step two is to go through them with a fine tooth comb and sort out the good credit from the bad credit. Once this is done your next objective is to challenge the accuracy of the mark. Common sense most be used in this step, consider the type of blemish and the likeliness of a favorable outcome.
If it's a large debt that is not that old chances are your challenge will be met with a phone call from a debt collector to pay up. Sometimes this is welcome because negotiating the payoff and getting the account listed as paid, makes it far more easy to remove.
Motivation on the part of the creditor is what it's all about. Some will respond to anything but most will respond only when there's an underlying benefit, like getting paid. If the bad mark is a settled debt, or very old then the creditor / collector may not be inclined to stop what they are doing to reply to the bureaus.
At the point that the bad mark becomes settled then there is no real benefit for the creditor to respond to your challenge. I've seen a 70% success rate at this point. Beyond that it's a matter of thoroughly challenging the mark.
I personally like to write directly on the credit report - "This item is not accurate, I have never been late on any payments to this company. - Please verify and remove and forwarded me an updated copy of my credit report upon completion of your investigation."
The fact is, repairing credit is fun and rewarding. If you want to provide a good service to the community get good at this and offer your services to your community. Let's face it, in the coming years this will be a service everyone need, and finding someone that knows how to do it isn't that easy. - 15224
It doesn't matter where you fall in the list or how you got there, the bottom line is having the ability to remove these bad marks, your or not, is truly an asset. Even if your Mr./Mrs. Perfect you will someday be faced with at least an error on your report and knowing the steps to remove such an error is quite necessary.
When it comes to removing unwanted marks, there are no guarantees. However with a little knowledge and practice of some proven tactics you will be pleasantly surprised at what you can accomplish. Don't underestimate the power of improving your credit reports. The savings on interest over your life time can be in the millions.
The first thing you need to do is order all of your credit reports. This requires an online free credit report service or a written request to Experian, Trans-union and Equifax. So step 1 is simply order your reports. Step two is to go through them with a fine tooth comb and sort out the good credit from the bad credit. Once this is done your next objective is to challenge the accuracy of the mark. Common sense most be used in this step, consider the type of blemish and the likeliness of a favorable outcome.
If it's a large debt that is not that old chances are your challenge will be met with a phone call from a debt collector to pay up. Sometimes this is welcome because negotiating the payoff and getting the account listed as paid, makes it far more easy to remove.
Motivation on the part of the creditor is what it's all about. Some will respond to anything but most will respond only when there's an underlying benefit, like getting paid. If the bad mark is a settled debt, or very old then the creditor / collector may not be inclined to stop what they are doing to reply to the bureaus.
At the point that the bad mark becomes settled then there is no real benefit for the creditor to respond to your challenge. I've seen a 70% success rate at this point. Beyond that it's a matter of thoroughly challenging the mark.
I personally like to write directly on the credit report - "This item is not accurate, I have never been late on any payments to this company. - Please verify and remove and forwarded me an updated copy of my credit report upon completion of your investigation."
The fact is, repairing credit is fun and rewarding. If you want to provide a good service to the community get good at this and offer your services to your community. Let's face it, in the coming years this will be a service everyone need, and finding someone that knows how to do it isn't that easy. - 15224
About the Author:
credit repair knowledge is important to every individual alive today. You should have some individualal knowledge of how to repair bad credit, just like you should understand how to balance a check book. Think of the benefits. For a complete manual on credit repair strategies visit us at http://www.creditfixingguide.com
