You Can Begin Your Own Credit Repair Today – Here’s How!

Whatever your background or record, you can take some simple and quick steps to begin your own credit repair. It costs nothing and you can begin right away – but the results can be tremendous!

To start, you’ll need to get a copy of your credit reports and actually go through them. There are three separate credit reporting bureaus and each one will have a slightly different report.

By law, consumers are entitled to one free credit report from each of the these agencies, TransUnion, Experian, and Equifax. You can get one from each agency, each year.

There is a website set up by the FTC (Federal Trade Commission) specifically for this purpose: annualcreditreport.com. Be leery of any other sites claiming free credit reports – there will be strings & fees attached.

You’ll start your credit repair efforts as soon as you get your reports. To begin with, you want to read each report line by line.

Along with the report, you will get a “dispute” form – or an address where you can get it. This is where your initial credit repair efforts will focus.

For every entry that is incorrect, inaccurate, or outdated, you will be filing a dispute. Provide the correct information, or why it is incorrect, such as a debt that has been paid but not removed.

By federal law, the credit reporting bureaus have up to 30 days to verify each dispute. If they don’t do so, or don’t do it within the 30 days, they must remove those entries from your credit report.

This simple step can remove many of the negative strikes against you, and they will no longer count towards lowering your credit score. In many cases, this can lift your score by up to hundreds of points!