Fix My Credit Report - The 3 Steps That Helped Others Repair Credit
Are you wondering " how to fix my credit report"? Do you want to apply for a mortgage or auto loan, but fear being turned down by creditors because of a low FICO score? Are you worried that potential employers is conducting mandatory pre-employment credit check? Whatever your specific situation is, raising credit is always a good idea.
Creditors are not the only people interested in your credit score.
Employers, landlords and insurers are also pulling your credit report in order to decide the fate of you application.
The growing significance of the three digit FICO makes having a good credit a necessity.
Here are 3 simple steps that will take you to the land of " good credit" faster than you though possible.
1 Educate yourself.
Credit repair is no rocket science.
Anybody can be a credit expert and fix their credit given the proper knowledge.
Learn more about the inner workings of the credit system and the various loopholes in it.
Do you know how to read your credit report?Which are the most harmful items in it? Why are current accounts given more weight in your final FICO than old accounts?Why paying off negative items in full can actually hurt your score? Do you know how to dispute and delete negative items from your credit file? How to use your legal rights under FCRA and FDCPA? How to use the Dispute 623 or the Rapid Rescore Strategy? How to document your efforts? Credit knowledge and a healthy dose of perseverance is the only thing you'll ever need in order to raise your credit score fast.
2 Analyze your specific situation.
Negotiation, dispute with credit bureaus and collection agencies, dispute 623, debt validation, Rapid Rescore-these are just some of the strategies you can use in order to raise your credit score.
The key is to pick the right strategy for each negative account in your credit file.
What works with legal judgments, for example, (pay them in full and file the proper paperwork in court for the removal of the public records) does not work with collection accounts( pay only the settlement amount and have collection agencies remove the item from your report).
Different strokes for different folks-find the strategies that are most suited for your specific credit report.
3 Clear plan of action.
Once you know what works for your specific case, come up with a plan of action.
Let's say you are dealing with collection account for a medical bill that is 2 years old.
File disputes with credit bureaus first.
Statistics show that 25 % of all disputes filed with credit bureaus end up with success.
If the credit bureaus proves you wrong, go to the next level-ask for debt validation from the collection company.
Since most of your debt got resold to various companies down the road, most of them don't have the proper paperwork to prove the validity of the debt.
If the collection agency has the proper documentation, go to the next level -original creditors.
There are so many things you can do in order to remove a single negative account from your report.
The only requirements is START THINKING OUTSIDE THE CREDIT BOX.
The answer to the question " how to fix my credit report" is simple.
Familiarize yourself with the inner workings of the credit system.
Given the proper knowledge, anybody can achieve a fast credit repair.
Creditors are not the only people interested in your credit score.
Employers, landlords and insurers are also pulling your credit report in order to decide the fate of you application.
The growing significance of the three digit FICO makes having a good credit a necessity.
Here are 3 simple steps that will take you to the land of " good credit" faster than you though possible.
1 Educate yourself.
Credit repair is no rocket science.
Anybody can be a credit expert and fix their credit given the proper knowledge.
Learn more about the inner workings of the credit system and the various loopholes in it.
Do you know how to read your credit report?Which are the most harmful items in it? Why are current accounts given more weight in your final FICO than old accounts?Why paying off negative items in full can actually hurt your score? Do you know how to dispute and delete negative items from your credit file? How to use your legal rights under FCRA and FDCPA? How to use the Dispute 623 or the Rapid Rescore Strategy? How to document your efforts? Credit knowledge and a healthy dose of perseverance is the only thing you'll ever need in order to raise your credit score fast.
2 Analyze your specific situation.
Negotiation, dispute with credit bureaus and collection agencies, dispute 623, debt validation, Rapid Rescore-these are just some of the strategies you can use in order to raise your credit score.
The key is to pick the right strategy for each negative account in your credit file.
What works with legal judgments, for example, (pay them in full and file the proper paperwork in court for the removal of the public records) does not work with collection accounts( pay only the settlement amount and have collection agencies remove the item from your report).
Different strokes for different folks-find the strategies that are most suited for your specific credit report.
3 Clear plan of action.
Once you know what works for your specific case, come up with a plan of action.
Let's say you are dealing with collection account for a medical bill that is 2 years old.
File disputes with credit bureaus first.
Statistics show that 25 % of all disputes filed with credit bureaus end up with success.
If the credit bureaus proves you wrong, go to the next level-ask for debt validation from the collection company.
Since most of your debt got resold to various companies down the road, most of them don't have the proper paperwork to prove the validity of the debt.
If the collection agency has the proper documentation, go to the next level -original creditors.
There are so many things you can do in order to remove a single negative account from your report.
The only requirements is START THINKING OUTSIDE THE CREDIT BOX.
The answer to the question " how to fix my credit report" is simple.
Familiarize yourself with the inner workings of the credit system.
Given the proper knowledge, anybody can achieve a fast credit repair.
