How to repair your credit?

Don’t let the credit repair process overwhelm you. RealZun Realty is here to help. Repairing your credit isn’t as difficult as you’ve probably heard it said, but it takes time and diligence. Just use this guide and follow the steps to analyze your credit report, find the mistakes that could hurt your score, get tips on how to dispute those mistakes, and avoid scams.


Step 1 . Get a copy of your report
The first thing to do is request your free credit report
to the three big offices. Here is the information for your
convenience, or you can visit annualcreditreport.com. The three
agencies are: TransUnion, Experian and Equifax, which offer the
same address and phone number to contact them regarding
a free report:
Mail, to: Annual Credit Report Request Service, PO Box
105281 Atlanta, GA 30348-5281 Phone: 877-322-8228

Step 2. Check your reports for errors
Once you receive the reports from each credit bureau, review them
carefully. The reports will be different for each agency, so
this will take some time. I searched:
Errors in personal information, including names (and their
variations), Social Security numbers or addresses
 Errors in the account listings, looking for information about
late payments that are not correct, outdated balances,

listings with repetition of the same account, or others
credit errors
 Negative elements, including bankruptcies, judgments,
garnishments, bill collection or late payments
incorrect and / or outdated
 Queries from companies that you do not recognize. When a
company reviews your credit report,
objective information is created. Investigations of the companies report of the
That you are unaware can sometimes indicate fraud.
Use this worksheet to list the problems
found on all three credit reports. If you have any
question, contact the appropriate agency
using the toll free numbers.

It is important to note that if there is
Legitimate negative items on your reports, you cannot change them. What you can do
is not to make the same mistakes again and wait for the
penalty period. Arrears in payments, collection accounts,
cancellations and others
Items from the public record generally remain on your report for seven years.
Chapter 7 bankruptcy stays on the report for 10 years and
pending tax charges for up to 15 years. The
bankruptcy of major credit bureaus can eliminate the

Chapter 13 (where some of your debts are paid) in seven years to
from the filing date.
The older the negative information, the less
It will hurt your credit score.
Current positive credit information, such as on-time payments, can
improve your score, even if the negative items still
persist in your report.

Step 3 . Dispute mistakes
This is the hard part; it’s almost an art form because you have to
be very meticulous. All your complaints must be submitted in writing (
letter form). You can write both to the credit bureaus
as well as the creditor who provided the negative information. Too
you can make a phone call before writing to the creditor
to try to quickly resolve the problem.
If that doesn’t work, the Federal Trade Commission (FTC
) offers a sample letter for your convenience.
Include copies (never originals) of documents that support your
position with the letter. State only the facts in your letter and
why you are contesting the information. Send the letter by
certified mail, with a “return receipt” so you can
verify that the credit bureau received it. Keep copies of
everything.
The credit bureaus must act within 30 days of
receiving your information and send all the information you have provided to
the credit card company or other lender that
provided the disputed information. After receiving the
information, the lender must review, investigate, and report it to the
credit bureau. If you are correct and the information in dispute is
inaccurate, the lender must notify the credit bureau, which
It will allow them to correct the information in their report, solving the
problem.

Once the review is complete, the agency is responsible for
giving you the results in writing and a free copy of your report with
the disputed items (items) extracted from the report if the information
can not be verified. You can also request that the
credit bureau send notices to anyone who has looked at your
report in the last six months. And you can request a copy
from any employer that has obtained your report in the last
two years.
If the dispute is not resolved in your favor, you have the right to
add a 100 word statement to your credit file
explaining your side of the story. This, however, may not be
very useful, since most creditors will not be able to see or read
that statement. It may be best for you to hire an attorney who
specializes in consumer law or contact
the Federal Trade Commission.

Step 4. Avoid credit repair scams
When your credit score is low, tensions are high, and it’s
easy to become desperate to fix things quickly
. That’s when scammers appear with
guarantees such as: ‘We can erase bad credit’s or’ We can
remove bad loans or liens on your credit. None of t


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Don’t let bad debts stop you
If you have problems with payments It is
important to catch up on your debts and fall behind before you start repairing your credit,
or else you are just creating more work for yourself.
First, take care of fixing your debt problems and
then focus on creating a better
credit rating.