It has been a while since we’ve had a guest post. Today, Veronica from Credit Magic would like to share an article about credit repair. Please enjoy.
There are various attorneys and repair clinics which professionally repairs credit reports. There are various tricks and tips to remove false records from credit report. Few tips for credit repair are –
· Check credit report
Credit reporting agency moves together all credit report electronically. These reports have information from where one live to details of their paying habits, arrest information and bankruptcy. This information compiled will be used for verifying whether one would be adequate borrower or not. Contact credit bureau who is having your file. You entitled with a free credit report each year and also entitled to free credit report only if you denied credit within past 60 days. Review it cautiously for inaccurate information, particularly offensive information that will importantly affect credit rating and possibility for qualifying for credit or loan. At times if creditor do not re-verify on time or credit bureau does not handle dispute properly and is busy, one can delete its credit record from credit report later. Be very careful and precise in checking that whether all information is accurately reported or not. If someone finds any negative information in their report, verify them urgently, one cannot afford off putting remarks and errors in their report.
· The credit bureau must investigate matter within allotted time
Every negative credit record in any credit report can deny by you any time. Credit bureau must reinvestigate and if particular item cannot verify within reasonable time, that credit record should be removed from credit file. They should provide you with free copy of corrected credit report. Then send dispute letter to credit bureau through certified mail and request return receipt. If credit bureau completes investigation and then decides that negative information must remain in file, you can then add letter of explanation for refusing the claim.
After removing unconstructive items from credit report, next task is rebuilding your credit. You include positive credit items on report by obtaining a secured credit card or by taking out small secured loan. You can build good credit also by having somebody with better credit record cosign in your application for small loan.