Rebuilding Your Credit Rating 101

repair-credit-historyIs bad credit affecting your daily life? Have you been denied credit because of negative entries on your credit report? Do you want to learn how to get rid of bad credit? If you answered yes to the above questions, you’re in the right place. Proper credit repair can be effective if you have the right information. Having a bad credit record will make your life difficult in many situations. Bad credit can be a real pain in the rear to have to deal with. It will keep you from living a better life. Sometimes, the information is true, other times it is deceiving or even totally wrong.

What can you do if you believe that you have been denied credit because of inaccurate or outdated information? There are things that you can do, to get rid of damaging information on your report. Your first step should be to obtain your credit reports from the three major credit bureaus. You will need to know all the information contained in your report. Seeing what is being distributed about you will help you know how to help yourself. You can get a free copy of your report one time each year, and you can also obtain one at no charge if you have been denied credit within the past 60 days.

credit-fixA credit report contains information such as your name; current address; previous address; social security number; place of employment; and detailed list of your charge accounts, credit accounts, your monthly payment schedule and your payment history, and public record items. Also inquiries are reported in your credit report. Once you have obtained your report, read it carefully. Look out for information which are incorrect or aren’t yours. If you find any incorrect information, you can dispute it with the credit bureau. Write a letter and send it to the credit bureau, explaining your dispute. In your dispute letter, state what information you believe is incorrect and the reason why. If you have any documentation that would help support your claim send it in.

By law the credit bureaus are required to remove negative items from credit reports whenever a particular item reaches a certain age. Also, inaccurate or unverifiable information must be removed from credit files.After getting rid of damaging information on your report, you should look for ways to add some positive accounts to your report. There are several effective methods that you can use to establish or re-establish positive record. Repairing bad credit is something you can do yourself. You don’t need to pay someone else to do it for you. All you need is the right plan to follow. To learn more about credit repair, you should get a good credit repair guide that will walk you through the whole process. Learning the proper steps before you begin is an important decision to make because it affect the results you’ll get from your credit repair efforts.