Credit repair - How to save thousands of dollars a year
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.
No matter which of theses categories you fall under credit repair is a topic you should know a little bit about. Here's the deal, you are going to get bad marks on your credit whether you deserve it or not, and therein lies the opportunity for you to improve it, even if the mark was your fault.
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.
Ok so in order to start the process the first thing you need is a current copy of all 3 of your credit reports. Fixing one report isn't enough. Order your reports from Experian, Trans-union, and Equifax. When you receive these reports you will need to look at each item and identify the ones that hurt. Now we simply challenge the accuracy of these bad marks.
Again simple common sense tells us that if its a large unpaid recent debt, then someone will likely respond and they are likely to call you as well. This call should be welcome, it's a chance to negotiate the debt pay it, and then re-challenge the accuracy of the information. (Follow me here.)
So the idea is to get everything to a point where there's no motivation for an office worker to get off their butt and respond to a challenge because there's no benefit to respond. If $5,000 is on the line there's a benefit for the reporting company to respond an hold you accountable, make you pay.
The key is to get the bad mark to a point where there is no benefit for the creditor to respond. Yes they have people for this, specifically to handle these inquiries, but systematical bombardment will likely turn in your favor, especially when there's no money on the line.
When you challenge the marks, just write in blue ink directly on the credit report. Unless otherwise specified this is the best way to track results. Let them know that the bad mark is incorrect and negatively affecting your profile, ask them to verify and remove the mark and update you when they are done.
Credit repair can be a lot of fun, in fact in the coming years it can be an excellent service to provide to the community. If you get good at it you can make a lot of money helping others to remove unwanted, erroneous although sometimes truthful information from their credit reports.
No matter which of theses categories you fall under credit repair is a topic you should know a little bit about. Here's the deal, you are going to get bad marks on your credit whether you deserve it or not, and therein lies the opportunity for you to improve it, even if the mark was your fault.
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.
Ok so in order to start the process the first thing you need is a current copy of all 3 of your credit reports. Fixing one report isn't enough. Order your reports from Experian, Trans-union, and Equifax. When you receive these reports you will need to look at each item and identify the ones that hurt. Now we simply challenge the accuracy of these bad marks.
Again simple common sense tells us that if its a large unpaid recent debt, then someone will likely respond and they are likely to call you as well. This call should be welcome, it's a chance to negotiate the debt pay it, and then re-challenge the accuracy of the information. (Follow me here.)
So the idea is to get everything to a point where there's no motivation for an office worker to get off their butt and respond to a challenge because there's no benefit to respond. If $5,000 is on the line there's a benefit for the reporting company to respond an hold you accountable, make you pay.
The key is to get the bad mark to a point where there is no benefit for the creditor to respond. Yes they have people for this, specifically to handle these inquiries, but systematical bombardment will likely turn in your favor, especially when there's no money on the line.
When you challenge the marks, just write in blue ink directly on the credit report. Unless otherwise specified this is the best way to track results. Let them know that the bad mark is incorrect and negatively affecting your profile, ask them to verify and remove the mark and update you when they are done.
Credit repair can be a lot of fun, in fact in the coming years it can be an excellent service to provide to the community. If you get good at it you can make a lot of money helping others to remove unwanted, erroneous although sometimes truthful information from their credit reports.
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 know how to balance your check book. Think of the benefits. For a complete manual on credit repair strategies visit us at http://www.creditfixingguide.com
posted by Debt Consolidation Loan at
2:57 AM
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