Credit Report Repair

Posted on November 13, 2008
Filed Under Credit Repair, Credit Report |

Are you looking for credit report repair techniques? We will walk you through the process of boosting your credit score and repairing your credit report.

Credit report repair (or bad credit repair) is an involved process. First, you need to determine how accurate your credit report is. It has been proven that a large percentage of credit reports contain errors on them. (To get a copy of your free credit report along with a credit report repair instruction; sign up for our free credit repair course).

Credit report repair could vary depending on which credit reporting agency you are using. The three major credit repair agencies are TransUnion, Equifax, and Experian. Each credit bureau has their own formula for calculating your credit score, and it will vary on each report. However, generally speaking your reports should have the same debts listed.

To repair your credit, look first at any late payments that your have whether that’s a 30 day late or 60 day late…and you definitely want to remove any 90 day late payments that you might have! Late payments will kill your credit score!

The next step to credit report repair is paying down your current credit obligations below 50%. Never max out your credit cards or other loans; this will certainly help to increase your credit score (FICO score).

Credit report repair and bad credit repair is really about contacting your creditors and be upfront and honest with them. Let your collectors or current debt holders know that you want to pay them off; they will be happy to work out a plan with you. They may not be willing to settle your debts for less than you owe; but they may be willing to stretch out payments or reduce an interest rate for you.

Now if you have judgments on your bad credit report, you can take similar steps by contacting the courts. Be up front and work out a plan…these are the keys to credit report repair.

There are no magic credit report repair secrets; however, there are many different situations that may require different action to repair your credit score. We recommend our free credit repair course, which discusses many of the special techniques you can use to boost your credit score and do credit report repair.

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