You’re not alone in wanting to erase negative credit from your report. Many others find themselves in this same difficult position. Each year, thousands of people spend literally millions of dollars on credit repair services or agencies because they simply assumed it would be too difficult to do it themselves.
However, the truth is you can repair your credit yourself rather quickly and for little or no money. Also, not only is it possible to do it yourself, but it is probable that you would be able to do a better job of it than a traditional credit repair clinic.
So, how can you repair your credit history yourself? Here are the three steps that you should take:
1) Obtain A Copy Of Your Credit Report
According to the law, you are entitled to one free credit report every 12 months. You can request your report from annualcreditreport.com, call 1-877-322-8228, or fill out their request form and mail it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
Once you receive your report, go through it and write down every negative item you want to dispute. Oftentimes, your report will contain mistakes, out-dated information, and even completely false blemishes on your record.
2) Set About Rectifying Out-Dated Information And Mistakes
You need to let the credit bureau know about everything that you want dispute by sending them a letter. Try not to turn it into your life story – the shorter and more precise it is the better. Be sure to include copies of any proof supporting your position. On receiving your letter and any supporting evidence, the credit reporting agency will then evaluate your position. They will get back to you with their decision – either removal of the negative credit marks, or verification of them..
3) Supplement Your Credit Report With Positive Information
This is where you can outshine and outperform even the most prominent credit repair services. Over a period of time, you start accumulating positive marks on your credit report. To build up a good recent credit history, you simply need to take out new credit cards or department store cards and pay them off in full at the end of every month. Every time you do this, you will be showing that you have changed your ways and are no longer a risk to money lenders.
I recommend finding a good credit repair program or guide and learn how you can erase negative credit from your report yourself, before deciding to hire a service blindly. It’s your credit history at stake, so take responsibility for it.