It's Simple!
Credit repair gives you a chance to raise your credit score and save a lot of money every month. It doesn't have to be hard to do what needs to be done. You can do well if you are organised and know how to do the basics. Expert on credit repair Jim Kemish gives his helpful advice.
Put Yourself In
It's important to know how common mistakes in credit reports are. Each of the three credit bureaus has credit files on more than 200 million Americans, and 150 million of those people have mistakes on their credit reports. If you fall into this category, there is a good chance that these mistakes are hurting your credit scores and making you pay higher interest rates than you should on loans and credit cards. You may be spending hundreds of dollars more each month because of these high interest rates.
You Have the Right!
People are afraid to look at their credit reports, so they miss out on the chance to improve their credit scores and save money. Or, they think that their low credit scores are probably right because they have been late with payments in the past. It's wrong to do this. Don't think that your past credit problems mean you can't dispute information on your reports that seems wrong.
Invisible mistakes can cost you a lot of money.
Not all mistakes on your credit report are easy to spot. Most people look over their credit reports to see if there are any obvious mistakes, like negative accounts that don't belong to them or incorrect late payments. It is important to find these obvious mistakes, but there may be other mistakes that hurt your scores even more, but you may not be able to see them. This includes duplicate accounts, high credit limits that aren't reported as high, wrong account opening dates, accounts that don't belong to you but make your debts look bigger, and even the absence of accounts that should be reporting. There are also accounts that are correct but shouldn't be on your reports because the time limit for them has passed. When you add up all of these mistakes that you can't see, they may have a big effect on your credit scores and the interest rates you pay on every dollar you borrow.
Start today to help yourself.
Don't wait another day before you do something. Get a copy of your credit report right now. Make sure to order all three of the reports. Each bureau is a little different and has its own mistakes. There is no easy way out. Go through each report line by line once you have them. If you want to take notes, you might want to have a yellow highlighter and a pad of paper on hand. If you even slightly doubt something, I think you should give yourself the benefit of the doubt and add it to the list of things to be questioned. We tell our credit repair clients very clearly that it's not enough that something looks familiar. You can question it if you don't know for sure that it's right. And you should use the rights you have.
Less is More: For Disputes
Every month, millions of disputes are sent to the credit bureaus. Your letter will be read by a clerk who has been trained to figure out what the problem is. No matter what you write, the clerk's job is to find the most basic problem and get the information into the computer as quickly as possible. Writing a story doesn't help anything. If it's not your account, just say that it's not yours. Say that you were never late if that's true. Be simple and clear. If you don't keep things simple, you risk having your dispute misunderstood or being called silly and ignored.
When in doubt, ask a professional.
If the process of fixing your credit is too complicated or takes too much time, you should talk to a professional. Your credit score is too important to ignore. Credit repair professionals are comfortable with the way the credit reporting system works because they have used it for a long time. Most of the time, their knowledge of the process will give you an advantage when dealing with the bureaus. The professional edge could make the difference between average results and great results, which could mean a lot.
The Final Outcome
The rate you pay on money you borrow will be lower the better your credit score is. This includes your home loan, car loan, credit cards, and other debts. Everyone's situation is different, but in our experience, a careful review and cleanup of your reports can have a big effect on your credit scores. Try your best. Don't pass up the chance.
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