Foremost DO NOT attempt to use a so-called professional credit repair agency. You would be a lot better off to throw your money in a fire place. The goal of this article is to show you a few tips that will help you with your self credit repair.
I recommend to my students that they start their self credit repair by putting together a budget. You want to create a personal balance sheet. Make a list of all your monthly debts, then another list of your income. This will give you a birds-eye view of your entire situation. Consider this to be a starting point.
Request copies of your credit report. Once you have your credit report in hand you will want to circle all negative marks. Then it’s time to put together a letter of dispute and mail it back to the credit bureaus, along with any proof regarding your claims.
This next little secret is a life saver. Unfortunately I discovered it the hard way. When you are ready to mail your letters of dispute make sure that you send them certified mail. If you neglect this small step it could cost you dearly in the long run. This is the only proof that you will have to prove the time and date that you mailed your information.
Be fore warned - credit bureaus rather not deal with credit agencies or fancy attornys. Those parties are considered to be middle men and they know that they cannot legally act on your behalf. You will be a lot better off to write your letter yourself, in your own words.
If you are serious about self credit repair you will need four things. The first thing you will need is knowledge. The second is organization. The third is persistence. The fourth is time. Your credit didn’t go downhill overnight so don’t expect it to magically be repaired overnight.
If you would like to make a comment, please fill out the form below.
