How to Repair My Credit

When you have a bad credit rating, you have reasons to worry. A bad credit rating can haunt you up to a period of seven years, as most of the items in the credit report are to stay in the report for 7 years.

Every time you apply for a loan or a credit card, your creditors will look at your credit history. Even your future employer would want to know your credibility before hiring you. Therefore, it is necessary that you work on improving your credit rating immediately.

There are certain things that you should know about your credit rating.

1 Your credit rating is based on the credit report published by 3 national bureaus.

2 You have a right to get a copy from all the bureaus free of cost once in a year.

3 The reports will be mailed to you at your mailing address.

4 You will get the reports only if you request for the reports.

Your credit report is based on your credit score. The credit score is calculated based on several factors:

1 Whether you have defaulted on any loans or credit card payments?

2 Are you using most of the credit limit availed to you?

3 Have you lately applied for too many credit cards?

4 Do you regularly make late payments?

If your credit score is less than 600, then, you get a low credit rating. You won’t get loans easily and you will have to pay lot more in interest.

It would be in your interest to get your credit repaired at the earliest, even if you are not seeking for a loan at the moment.

The first step towards repairing credit would be getting the reports from all the credit bureaus. Once you have them, you can contact us and get an appointment.

Our office provides free consultation for the first meeting. When you come for a meeting, you will need to bring your credit reports and related financial papers with you.

After initial discussion, you may decide if you want to use our services.

Our experts will analyze your credit report and see which items can be disputed. The disputed items will be marked and sent to the credit bureaus along with a letter. This letter will be written by us, on your behalf. You will have to mark all your correspondence to us. This is in your interest.

The onus of verifying the items marked, lies with the bureaus. If they are unable to do so within 30 days, they will have to remove such items from your credit report. When the negative items are removed from your credit report, your credit rating will naturally improve.

The renewed credit report will be distributed to all the creditors who had enquired about your credit rating in last 12 months.

You can have peace of mind when your credit rating improves.