Fix Your Credit With Credit Repair Tactics That Work
Typically we Americans don’t search out credit repair options until we are in a desperate need and are looking for ways to fix your credit in a hurry. For many, the need to fix your credit is in emergencies like when your car dies and you need a loan or when the time comes to buy a new home. There are plenty of slow and proactive steps to take to fix your credit like using credit cards and maintaining a low balance, or paying your bills on time. But, what we are discussing here is the desperate need for credit repair when you have a collection of negative credit Items on your credit report that are holding you back. There are two ways to dispute and repair your credit 1) do it yourself or, 2) pay someone to do it for you. Regardless, make sure you look closely at your credit report. The following are commonly overlooked negative items:
- closed accounts reported as open
- duplicate accounts
- overstated revolving balances
If any of the above are unfamiliar ground, a special hot line to review your credit report is a wise choice and should be taken advantage of at 1-800-594-5266. Make sure to get the full credit summary and a copy of your credit report.
Credit Repair Dispute Letters to Fix Your Credit
Most lending institutions use credit reports that are provided by the credit bureaus. The credit bureaus are for profit organizations that compile and distribute your financial information to lenders. Writing credit repair dispute letters to the bureaus requesting that they fix your credit can be a tricky situation. For one, they respond only via snail mail and that can be painfully slow if you are in need of a loan right away. The credit bureaus are experts at stone waling folks who are striving for quick credit repair so a clear and good strategy must be in play. This disputing process is your legal right and can be done personally or by a professional credit repair company or law firm. If you are going to take on this task personally, it is wise to brush up on tactics and current laws to beat the bureaus at their own game. If you chose to purchase and/or retain a professional, make sure they have a good track record and ask plenty of questions to make sure they are a good fit for your case.
Remain Patient and Stay Proactive
Weather you choose to fix your credit score yourself or hire a professional credit repair service, keep this in mind – your bad credit situation was likely the result of miss steps over a prolonged time and will take some time to mend. If you attempt to fix your credit and are aggressive, the credit bureaus will become agitated, however, if you are too passive, then it could take years to repair your credit. Try to keep a balance between the two. Most importantly, do your homework and get a clear understanding of your battle plan. Remember using credit repair to fix your credit is your right and must be done with caution.