Credit Report Repair

Personal Finance : Build Up Your Credit History

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If you want to erase negative credit from your report, but thought it would be too difficult…you’re not alone. Each year, thousands of people spend literally millions of dollars on credit repair services or agencies because they simply assumed it would be too difficult to do it themselves.

However, the truth is you can repair your credit yourself rather quickly and for little or no money. In fact, you may actually be able to do better than a traditional credit repair clinic because only you have the authority to add positive credit marks to your report over time (I’ll explain this better in a minute).

Here, in a nutshell, are the 3 major steps you can take to repair your credit history yourself:

1) Get Your Credit Report

Every 12 months, you are entitled (by law) to a free copy of your credit report. You can request your report from annualcreditreport.com, call 1-877-322-8228, or fill out their request form and mail it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.

Once you receive your report, go through it and write down every negative item you want to dispute. It’s far from uncommon for credit reports to include out-dated information or mistakes, and even completely false details.

2) Dispute Mistakes And Out-Dated Information

You need to let the credit bureau know about everything that you want dispute by sending them a letter. Keep it short and to the point. You’ll also want to send with your letter copies of documents that support your claims. On receiving your letter and any supporting evidence, the credit reporting agency will then evaluate your position. They will get back to you with their decision – either removal of the negative credit marks, or verification of them..

3) Supplement Your Credit Report With Positive Information

This is something that you can do yourself, which even the best credit repair services wouldn’t be able to do for you. Over a period of time, you start accumulating positive marks on your credit report. To build up a good recent credit history, you simply need to take out new credit cards or department store cards and pay them off in full at the end of every month. Every time you do this, you will be showing that you have changed your ways and are no longer a risk to money lenders.

I recommend finding a good credit repair program or guide and learn how you can erase negative credit from your report yourself, before deciding to hire a service blindly. After all, it is your credit history at stake.

If you want to repair your credit, improve credit scores and actually build credit quickly, just go to http://www.creditbully.com for the latest strategies.

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