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What Are The Basics Of Credit Repair?

By Derek Brown
Published: Thursday, November 11th, 2010

The basics of credit repair are easy when you get to understand it.  Here is a list of things you need to know about when it comes to fixing credit information

  1. Have a copy of your credit report.  It is important to know each and every transaction with regards to your credit, so that when something odd occurs, you are able to check on your.
  2. Analyze the information provided in your credit report.  Credit reports and scores are available online for a certain amount.  Once you receive it, you will be provided a credit report analyzer to make it easier for you to find certain transactions you have or may not have made.
  3. Rank the negative transactions or items in your credit report.  List them down in the order of the first one having the most damage and so on.  This will be easier to deal with.  You would be able to handle each item accordingly. 
  4. List down disputes and request for corrections.  If there is something negative in your credit report, list them down.  Call the company to whom you have disputes with and clearly state that certain transactions have been duplicated or are not yours for that matter.
  5. Use registered or certified mail.  When it comes to credit repair, it is better to do it through mail rather than through the phone or online.  With registered mail, you will be able to compile documents which indicate the date and time that you have contacted them.
  6. Always document.  Organize all documents you receive and photocopy those that you have ordered or about to send.  When getting in touch with credit bureaus through phone, get all necessary information about the person you talked to.  Document the time and date as well.
  7. Let the credit bureau investigate.  They are given 30 days to investigate disputes from consumers.  Allow them to do so within the given time. 
  8. Evaluate all your dispute efforts.  After it has been corrected, document all letters or receipts of the correction.  Evaluate what you have done so the next time you have disputes, you can make follow the same process you have used.
  9. If the dispute has not been resolved, resubmit.  Try resending them the same dispute by changing the reason.  This will give the credit bureau a reason to investigate again.  Keep disputing until all negative items are removed. 

These are the basics in processing a credit repair.  It would be a good idea to sign up for a credit monitoring service to minimize, if not banish, all negative items in your credit report.

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