credit repair

How to repair your credit?

Don’t let the credit repair process overwhelm you. RealZun Realty is here to help. Repairing your credit isn’t as difficult as you’ve probably heard it said, but it takes time and diligence. Just use this guide and follow the steps to analyze your credit report, find the mistakes that could hurt your score, get tips on how to dispute those mistakes, and avoid scams.

Step 1

Get a copy of your report The first thing to do is request your free credit report to the three big offices. Here is the information for your convenience, or you can visit annualcreditreport.com. The three agencies are: TransUnion, Experian and Equifax, which offer the same address and phone number to contact them regarding a free report: Mail, to: Annual Credit Report Request Service, PO Box 105281 Atlanta, GA 30348-5281 Phone: 877-322-8228

Step 2

Check your reports for errors Once you receive the reports from each credit bureau, review them carefully. The reports will be different for each agency, so this will take some time. I searched: Errors in personal information, including names (and their variations), Social Security numbers or addresses • Errors in the account listings, looking for information about late payments that are not correct, outdated balances, listings with repetition of the same account, or others credit errors • Negative elements, including bankruptcies, judgments, garnishments, bill collection or late payments incorrect and / or outdated • Queries from companies that you do not recognize. When a company reviews your credit report, objective information is created. Investigations of the companies report of the That you are unaware can sometimes indicate fraud. Use this worksheet to list the problems found on all three credit reports. If you have any question, contact the appropriate agency using the toll free numbers. It is important to note that if there is Legitimate negative items on your reports, you cannot change them. What you can do is not to make the same mistakes again and wait for the penalty period. Arrears in payments, collection accounts, cancellations and others Items from the public record generally remain on your report for seven years. Chapter 7 bankruptcy stays on the report for 10 years and pending tax charges for up to 15 years. The bankruptcy of major credit bureaus can eliminate the Chapter 13 (where some of your debts are paid) in seven years to from the filing date. The older the negative information, the less It will hurt your credit score. Current positive credit information, such as on-time payments, can improve your score, even if the negative items still persist in your report.

Step 3

Dispute mistakes This is the hard part; it’s almost an art form because you have to be very meticulous. All your complaints must be submitted in writing ( letter form). You can write both to the credit bureaus as well as the creditor who provided the negative information. Too you can make a phone call before writing to the creditor to try to quickly resolve the problem. If that doesn’t work, the Federal Trade Commission (FTC ) offers a sample letter for your convenience. Include copies (never originals) of documents that support your position with the letter. State only the facts in your letter and why you are contesting the information. Send the letter by certified mail, with a “return receipt” so you can verify that the credit bureau received it. Keep copies of everything. The credit bureaus must act within 30 days of receiving your information and send all the information you have provided to the credit card company or other lender that provided the disputed information. After receiving the information, the lender must review, investigate, and report it to the credit bureau. If you are correct and the information in dispute is inaccurate, the lender must notify the credit bureau, which It will allow them to correct the information in their report, solving the problem. Once the review is complete, the agency is responsible for giving you the results in writing and a free copy of your report with the disputed items (items) extracted from the report if the information can not be verified. You can also request that the credit bureau send notices to anyone who has looked at your report in the last six months. And you can request a copy from any employer that has obtained your report in the last two years. If the dispute is not resolved in your favor, you have the right to add a 100 word statement to your credit file explaining your side of the story. This, however, may not be very useful, since most creditors will not be able to see or read that statement. It may be best for you to hire an attorney who specializes in consumer law or contact the Federal Trade Commission.

Step 4

Avoid credit repair scams When your credit score is low, tensions are high, and it’s easy to become desperate to fix things quickly . That’s when scammers appear with guarantees such as: ‘We can erase bad credit’s or’ We can remove bad loans or liens on your credit. None of t

How can I establish credit in the United States?

Establishing credit is a fundamental component of
financial survival. Can you have credit in the United States
when you have little time to live in the country? .. Read more
Don’t let bad debts stop you
If you have problems with payments It is
important to catch up on your debts and fall behind before you start repairing your credit,
or else you are just creating more work for yourself.
First, take care of fixing your debt problems and
then focus on creating a better
credit rating.