There is an unfortunate stroke of luck and you have engrossed yourself neck-deep in bad credit. Credit repair seems to be the need of the hour. You need a dolphin-jump to free yourself from the shackles of bankruptcy and you are out of ideas. You are loaded with bank notices and warnings. How do you handle this stressful bad credit? You are just a layman and bankruptcy can dig up nightmares for you. This is really getting on your nerves. Well, the very sensation seems stinky. It feels miserable if you are glued with bad credit and you need a quick guide to credit repair.
A few handy tips, well imbibed can raise your eyebrows and get you exercising your jaw. These can give you a reason to smile and can set you back on your track. But self help may be the best help. You don’t need to be depressed. Bad credit can be repaired through a few systematic steps and make you credit- worthy in some time.
4 step guide to credit repair
1 – Getting your credit reports
There are three major credit bureaus; TransUnion, Experian and Equifax. You need to research and get to know their opinions about your case in specific. There is every chance of diverse viewpoints amongst all three credit reporting agencies. Those in bankruptcy hunting for credit repair need to report to only one particular bureau to whom they subscribe. Thus people with bad credit don’t need to report to all three. You can get reports and scores from all three credit reporting agencies and can get them free if you have been denied insurance, employment or credit due to low credit. You can obtain them in 60 days after such rejection.
2 – Examine the reports
Once you obtain the reports check them in every nook and corner for any kind of mistakes. The reports may be erroneous as these bureaus do not cross check the information provided by the credit companies to them. Be sure to look for any obsolete information and erroneous account records. Be painstaking enough while organizing and preparing points of dispute. If there are any false points there you can look to rectify them through your good habits and timely billings and fight bankruptcy.
3 – Dispute reporting
Dispute with the credit bureau after thoroughly preparing a list of errors and their proper justification. Remember to keep the supporting documents, letters, proof of identity, address proofs and other important documents that can get your errors rectified. You must then send them to the credit reporting agencies to rectify the errors.
4 – Dissolve bad credit and escape bankruptcy
You can use various consolidation techniques and also recommend the bank to lower your installments. You can also take various credit cards and diversify risks.
Recommended Resources
Welcome to MARSSS Credit Restorators!
Our mission is to help our customers resolve and take back control of their financial lives. We help individuals restore their credit scores to secure the financing they need, want and deserve.
Visit http://bit.ly/BookwithMARSSS to schedule your Complementary Credit Consultation.
In this free telephone consultation, we will discuss what’s going on with your credit, your credit goals and your expectations. Furthermore, we will go over our program, how it works and determine if you are a candidate for our professional services.