| If you want to fix credit reports, there are 2 different | | | | why more than 40 % of credit reports contain errors. |
| ways to go. Just like with anything else in life there is | | | | Disputing inaccurate information is the fastest way to |
| the HARD way and the SMART way. Time, | | | | raise your score. The next thing you have to keep in |
| dedication, financial effort and careful planning will | | | | mind is that "deleted" negative accounts are far more |
| undoubtedly raise your credit in the long run. On the | | | | beneficial for your credit score than "paid off" |
| other, hand educating yourself on the credit loopholes | | | | accounts. Negotiate with the collection agencies and |
| will allow you to raise your score for a significantly | | | | agree to pay your account only if they remove the |
| shorter period of time. | | | | negative item from your credit report. If a late car or |
| Here are 3 important factors to consider when trying | | | | mortgage payment was just a one time incident, send |
| to fix your credit history: | | | | a goodwill letter to your creditor explaining the |
| 1 Focus on the important items in your report. | | | | circumstances around the late payment and asking |
| Order a copy of your credit report from The site was | | | | them to remove it from your report. Don't forget to |
| set up by the Free Trade Commission in order to | | | | document every step of the way. Sometimes you |
| provide you with one free credit report from each of | | | | would reach an agreement with a customer |
| the 3 major credit bureaus(Equifax, Transunion, | | | | representative for the deletion of a certain negative |
| Experian). Once you have a copy of the report, take a | | | | item just to find out the next time you call that there is |
| careful look at it. It's very important to distinguish | | | | no proof of this agreement. |
| between negative items you can change and negative | | | | 3 Keep those old cards open. |
| items you can't change. Things like foreclosures and | | | | Length of credit history is the third major factor in the |
| bankruptcies stay on your credit report for 7 years | | | | credit score formula. Closing old credit accounts you |
| and there is not much you can do about it. Luckily the | | | | no longer use will harm your credit score by reducing |
| older these items get, the less influence they have on | | | | the length of your credit history. It will also reduce the |
| your overall score. Now focus on the things you can | | | | amount of available overall credit and hence the debt |
| change positively-late payments, maxed out credit | | | | to credit ratio. On the other hand, piggybacking |
| cards,collections etc. Find out what are the negative | | | | someone else's credit (having a trusted person with |
| accounts that have the most detrimental effect on | | | | longer credit history add you as a user on his cards) |
| your credit (normally this would be late payments and | | | | will additionally increase the length of your credit history |
| credit debt spinning out of control) and take care of | | | | and will thus add points to your credit score. The tricky |
| them first. | | | | part? Finding that trusted person. |
| 2 The triple D formula (document, dispute, delete). | | | | There are many ways to fix credit reports that do not |
| These are the three successful pillars of fast credit | | | | require excessive financial effort. The more you know |
| repair. Dispute any incorrect information that you found | | | | about the little secrets of the credit system, the better |
| on your credit report. Miscommunication between | | | | your chances to raise your score in short period of |
| creditors and credit bureaus frequent and this explains | | | | time. |