Tips for Repairing Your Credit Report

Having a credit score that is less than perfect is quite common these days. A single late or missed payment can drop your credit score by up to 100 points! There are techniques to bad credit report repair that you can learn to fix your bad credit. While it's easy to see it slip, it is just as simple to raise it up - if you follow the advice given here.

Tip 1: You need to pay down your credit card balances.

The algorithm that dictates your credit score weighs the difference between your available credit and your credit in use very heavily. If you have credit cards that are maxed or near maxed, then you need to do more than pay the interest on them each month. Make some sacrifices and start reducing the principal amount on them. The most that you should have on any one card at any time is bout 30% of the maximum limit allowed. When you have credit that is available to you that you are not using, it makes you look like you practice restraint and shows responsibility. Credit score algorithms like that.

Tip 2: Break out some of those older credit cards and use them.

The longer that a credit account is in good shape for, the better it weighs on your credit score. If you have older credit cards that are still valid, but you haven't used them in a while, use them. Charge up to 30% of the maximum limit and then pay it off promptly and in full. This way, these actions get reported to your credit bureaus and make you look like a well-established credit champion!

Tip 3: Dispute negative items on your credit report.

You are entitled to a free copy of your credit report from each of the three major credit reporting agencies once every year. They are: Experian, TransUnion, and Equifax. So, once every four months, request a copy from one of them. This way, you are always in the know about your credit situation.

Go through them each time you get one and dispute every the negative items on them. It is your legal right to dispute any negative claim against you. By disputing an item, you are exercising your right to have the claim verified. This is the responsibility of the credit reporting agency since they are the organization selling your information for profit. It is their responsibility to verify the information that they are selling.

They must verify each claim disputed in a reasonable time frame of 30 to 45 days or they have to strike it from your report. Now, about 40% of these disputed claims do not get verified in time. This is the single most powerful method of bad credit report repair. Use it to your advantage and use it often. Make sure to submit your dispute forms via certified mail at the busiest business times of the year.

These are just a few of the ways that you can engage in bad credit report repair. All it takes is attention, diligence and then some patience. Bad credit report repair is your legal right and something that you should do regularly!


Learn how to repair your credit at AAACreditGuide.com. Check out the best credit repair companies at Top-10-Credit-Repair.com.

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Bad Credit Report Repair-- Solving the Problem

By : Mark Henry

It is possible to fix your bad credit, with time, patience and determination. The first step in repairing poor credit is fixing any problems you may have with money.

1) Get a credit reports on yourself and check out what is on them. To get yours free go to www.annualcreditreport.com. You are allowed by U.S. law to get a free copy from each of the three major credit companies once every 12 months.

2) Once you have your credit reports, check them for accuracy. If there are any errors or things you disagree with, you are entiltled by the Fair Credit Reporting Act law to dispute anything in the report that is not accurate. Write to the credit reporting company and explain what the problems are. They will then investigate the matter and let you know what happens. If they find the information is not accurate, they will fix that on your credit report.

Unfortunately you can't remove anything negative that is accurate information about you. Only time can do that. But adding more good information does help.

3) If your credit needs repair, start work on it now. Start paying off old unpaid debts and loans, starting with the smallest ones.

4) Start paying more than the minimum payment on your current credit card payments.

5) Do not get into any new debt. This is essential. Make it a priority to get out of debt. Cut up (or lock up) the credit cards, if they are a problem for you. Make it a commitment to become debt free.

6) Live within your means. Make a budget and live by it.

7) Start saving money. If you have poor credit, it is much easier to buy a home or a car with a cash down payment, than without one.

There are many sources of help available. Consumer Credit Counseling Service is one of the best for help repairing credit and getting debt under control. Their website is located at http://www.creditrepairsoft.com. Consumer Credit Counseling Service provides budget counseling, educational programs, debt management assistance and housing counseling. There are also many local branches of this nonprofit organization, so check for one near your location.

There are many "for profit" organizations that will help you with debt consolidation loans, but beware! They often are very expensive. You can get free reliable help that you can trust from a non-profit organization like Consumer Credit Counseling Service instead of paying hundreds of dollars to one of them. Or, you can educate yourself and do it for free.

Some other good places to go online for more credit and financial advice are listed on my website at www.creditrepairsoft.com


Mark Henry is the author related to Credit Repair Software, Bad Credit Repair Credit Repair Software Kit only at creditrepairsoft.com. Buy Credit Repair Software to repair your credit rating, to raise your credit score and to maintain an excellent credit score.

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