FREE CREDIT REPAIR: HOW TO CLEAN UP YOUR OWN CREDIT


In my opinion the term "Credit Repair" is really a misnomer. All of the information in this article is provided to help clear up those "questionable" items on your credit reports. I do not suggest that you challenge correct and accurate entries on your credit report, even if they are derogatory. That would be unethical.

Cleaning up problems on a credit report is more tedious than it is difficult. Follow these steps:

  1. Get your credit report - We show you how here on this site.
  2. Analyze your report - Again, we show you how here on this site.
  3. Itemize - Make a list of all items that you consider to be questionable (as in not your account), outdated or negative. Write down an explanation of why you are disputing the information.
  4. Write a dispute letter to the credit bureaus.
  5. Send the letter to the credit bureaus. Make sure you send it registered or certified mail, always fax a copy of your letter as well and keep copies of all of it.
  6. Keep records of when you sent your letters, and the results. Keep receipts from mailing.
  7. Wait for the bureaus to investigate your claims.
  8. Analyze the results.
  9. If the item that you are disputing was not removed or changed to your satisfaction repeat steps 1, 2 and 3 above until the dispute has settled satisfactorily.

There is no charge for a reinvestigation. If you don't get the results you want, dispute the listing again and again and again. This is what I mean about tedious. This will work. There is no need for you to employ a outside company to help you do this. To be honest with you I would never do that. Credit Repair can be very expensive, the repair companies usually charge very high start up fees and monthly fees on top of that. Doing it yourself is free--just keep at it!

The key to doing this is to be organized and record every move that you make. If you send a correspondence to a company keep the certified mail receipt and mark in a notebook what you did, who you sent it to and what date that you sent it. You need to keep in mind that credit bureaus make their money by providing credit reports to lenders not by fixing inaccurate information in their database.

Sample Dispute Letter:

Sample Dispute Letter:

 Date

 Your Name
 Your Address
 Your City, State, Zip Code

 Complaint Department
 Name of Credit Reporting Agency
 Address
 City, State, Zip Code

 Dear Sir or Madam:

 I am writing to dispute the following
 information in my file.  The items I
 dispute are also encircled on the
 attached copy of the report I received. 
 (Identify item(s) disputed by name of
 source, such as creditors or tax court,
 and identify type of item, such as
 credit account, judgment, etc.)

 This item is (inaccurate or incomplete)
 because (describe what is inaccurate or
 incomplete and why).  I am requesting
 that the item be deleted (or request
 another specific change) to correct the
 information.

 Enclosed are copies of (use this
 sentence if applicable and describe any
 enclosed documentation, such as
 payment records, court documents)
 supporting my position.  Please
 reinvestigate this (these) matter(s) 
 and (delete or correct) the disputed 
 item(s) as soon as possible.

 Sincerely,
 Your name

 Enclosures: 
   (List what you are enclosing) 


For more info:

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