Erase Bad Credit - How to Repair Your Credit Report in Four Easy Steps
If you want to erase bad credit and repair your credit report then the following article will provide you with some useful information about how to do this.
The purpose of this article is to show you how you can do this yourself without any help from credit repair companies, credit repair services or debt counselling providers.
We will look at the steps you need to take to find out what your credit score is and then how to challenge any inaccuracies that are reported on it and get them removed.
You can do all this by yourself; all you need is a little knowledge and some determination.
Step one.
The first step of credit restoration is to get hold of a copy of your credit report.
You need to get a copy of your credit report from the three main credit bureaus.
These are Experian, Trans Union and Equifax.
Each one of these credit bureaus must be contacted and a copy of your credit report obtained from them.
The reason why you need to get your credit report from all three is that each one may contain different information about you, some of which may be incorrect.
Step two.
Once you have obtained these reports you must go through them carefully and find any errors.
It may be that one of them lists a debt or loan which you have subsequently paid off and which should be removed from their database.
In the worst-case scenario they may have confused you with another person who has a lot of debts or you may even be the victim of identity theft without you knowing it.
Step three.
Once you have discovered any non-trivial inaccuracies in your credit report you need to write to the credit bureau which holds inaccurate information about you.
You must show them what you believe to be the problem and asked them to put the mistake right.
You do this by sending them a dispute letter.
You can find template dispute letters by searching on the Internet for them using your favourite search engine.
By getting the credit bureaus to fix any of these errors you will be helping to erase bad credit from your file.
Step four.
While you are waiting for the credit bureaus to fix any mistakes in your credit report there is still plenty that you can be doing.
Try to get your finances in order.
If you can do so, pay off any outstanding loans that you have and pay off what you can on any credit cards that you have.
To improve your credit rating you need to be using not more than half of the total credit that you have available.
In conclusion, if you follow this four step plan you will be well on your way to erasing any bad credit that you have.
You can do this without employing any expensive credit repair companies.
I hope that this article has made you decide to try to repair your credit report.
When you have good credit it is much easier to borrow and you will be offered loans and credit cards at a lower rate of interest than somebody who has a bad credit report.
The purpose of this article is to show you how you can do this yourself without any help from credit repair companies, credit repair services or debt counselling providers.
We will look at the steps you need to take to find out what your credit score is and then how to challenge any inaccuracies that are reported on it and get them removed.
You can do all this by yourself; all you need is a little knowledge and some determination.
Step one.
The first step of credit restoration is to get hold of a copy of your credit report.
You need to get a copy of your credit report from the three main credit bureaus.
These are Experian, Trans Union and Equifax.
Each one of these credit bureaus must be contacted and a copy of your credit report obtained from them.
The reason why you need to get your credit report from all three is that each one may contain different information about you, some of which may be incorrect.
Step two.
Once you have obtained these reports you must go through them carefully and find any errors.
It may be that one of them lists a debt or loan which you have subsequently paid off and which should be removed from their database.
In the worst-case scenario they may have confused you with another person who has a lot of debts or you may even be the victim of identity theft without you knowing it.
Step three.
Once you have discovered any non-trivial inaccuracies in your credit report you need to write to the credit bureau which holds inaccurate information about you.
You must show them what you believe to be the problem and asked them to put the mistake right.
You do this by sending them a dispute letter.
You can find template dispute letters by searching on the Internet for them using your favourite search engine.
By getting the credit bureaus to fix any of these errors you will be helping to erase bad credit from your file.
Step four.
While you are waiting for the credit bureaus to fix any mistakes in your credit report there is still plenty that you can be doing.
Try to get your finances in order.
If you can do so, pay off any outstanding loans that you have and pay off what you can on any credit cards that you have.
To improve your credit rating you need to be using not more than half of the total credit that you have available.
In conclusion, if you follow this four step plan you will be well on your way to erasing any bad credit that you have.
You can do this without employing any expensive credit repair companies.
I hope that this article has made you decide to try to repair your credit report.
When you have good credit it is much easier to borrow and you will be offered loans and credit cards at a lower rate of interest than somebody who has a bad credit report.
