| Are you wondering "how to clean up my credit | | | | best offense and defense. The more you know about |
| report"? Are you fearing applying for a mortgage or | | | | the loopholes in the system, the better you chances to |
| auto loan because of a low credit score? Are you | | | | raise your score. |
| unwilling to pay thousands of dollars in high interest? Is | | | | 2. Not all debt is created equal. |
| finding employment in your area getting harder, | | | | It's important to keep in mind that different types of |
| because of the mandatory credit checks performed | | | | debt have different impact on your overall FICO score. |
| by employers? Whatever your specific problem is, | | | | In general the more current the debt, the bigger |
| raising your score is always a good solution. Raising | | | | influence it has. That's why missing a single payment |
| your score FAST is even better. Contrary to the | | | | on your car or house can lower your score more than |
| general myth that credit repair takes time and | | | | several old negative items. Examine your report in |
| considerable financial effort, there are a lot easier and | | | | detail and focus on the most detrimental accounts. |
| quicker ways to improve your score. The only | | | | 3. Learn your rights and...exercise them. |
| requirement for success-credit knowledge. | | | | When it comes to credit repair, you have many rights. |
| 1. Don't be the misinformed victim. Educate yourself. | | | | By law you can dispute any item in your report that |
| When it comes to credit repair, knowledge is vital. A lot | | | | you find outdated, inaccurate, biased, incomplete, |
| of creditors and debt collectors actually prey on the | | | | questionable, unverifiable. You can file disputes with |
| huge crowd of misinformed people. They threaten, | | | | credit bureaus and with the companies reporting to |
| intimidate and leave you with the impression that | | | | credit bureaus (the so called 623 dispute). You have |
| paying what you owe in FULL is the only option if you | | | | the right to ask for verification of debt. If the credit |
| want to raise your FICO. In reality that's more bark | | | | bureaus or the debt collectors fail to provide proper |
| than bite. Do you know how your FICO score is | | | | documentation, they have to remove the item from |
| calculated and which are the most important credit | | | | your record. You also have the right to be notified |
| factors? Why paying off your debt in full can actually | | | | when a negative item is placed on your report. The |
| lower your credit? Why having items deleted from | | | | creditor is in violation of the Fair Credit Reporting Act if |
| your report is the most successful tool for credit score | | | | no written warning is sent to you within 30 days. In a |
| increase? Do you know how to dispute with credit | | | | nutshell-you have various rights. The key to credit |
| bureaus and debt collectors? How to ask for validation | | | | success is to use those rights. |
| of debt every time you dispute an item? How to file | | | | The answer to the question "How to clean up my |
| paperwork in court and have legal judgments deleted | | | | credit report?" is simple -- Educate yourself on the |
| from your report? How to pressure creditors and debt | | | | shortcuts and the loopholes in the system. There are |
| collectors if they fail to meet their obligations under the | | | | easier and faster ways to clean credit report once |
| Fair Credit Reporting Act? Credit knowledge is your | | | | you start thinking outside the credit box. |