IMPORTANT: There is one credit repair company that is above all others and highly recommended. Lexington Law is reliable and costs much LESS than you think. They provide top notch service with excellent results. It is highly recommended that you watch the video at the bottom of this article andcheck Lexington Law (1-800-293-3672) to repair your credit before any other alternative.
Yes You Can Fix Your Own Credit, It's Not Rocket Science!
Many people think that they must use a credit repair company or hire their cousin Vinny to repair their credit.
In this downturn economy with job losses at an all time high, more and more people have problems with their personal credit! Realtors are feeling the economic effects as fewer people can qualify for home loans. Estimates conclude that around 90+ million people currently have problem credit. Data confirms that people with credit problems pay substantially more for goods and services plus higher interest rates. It's not just being embarrassed when turned down for loans, bad credit isn't cheap!
The FTC and BBB both recommend that you repair your own credit before you look to outsource the job! Who's going to work harder on rebuilding your credit than you? Fact: To be successful with your own credit repair, You need confidence, knowledge and automation tools to help you stay on track and speed up the overall process. Yes, you can repair your credit without automation tools... but you'll work harder! Credit repair software is Your Best Option in repairing and rebuilding your credit scores!
Repairing Your Credit Using Credit Repair Software
There are several choices for credit repair software, not all of them are created equal!
Before you can improve your credit scores, you must know what's on your credit report and how it's affecting your FICO scores. There are 3 credit bureaus and you must know what each is reporting to get an accurate picture. There are several online sources for free credit reports.
What's On Your Credit Report?
When analyzing your credit report you want to look for any Errors and/or Derogatory information. A recent study reported that over 90% of all credit reports include inaccuracies and errors. On your report maybe there's a late payment that really wasn't late. It could be your credit card limit or an outstanding balance is posted incorrectly. Maybe it's an account listed that's not really your account at all. Identity theft victims often find multiple inaccuracies.
Derogatory information is information that is negative but true. This information includes late payments, charged off accounts, collections, judgments, liens and bankruptcies. These items can be removed also, however they require persistence and here's where credit repair software keeps you on track with the timing of your dispute letters.
At this stage in your credit repair process you will want to make a written/typed list of your accounts, separating the good accounts from the bad, arranging from old to new etc. With some credit repair software, this is where you would start entering all of the data from your credit file into the software. Typing the account numbers, credit bureaus, notes, dates, addresses etc.
Your Dispute Letter Fast Track Strategy
In this stage, normally, You would need to write/obtain/ copy several credit dispute letters for each disputed account. If all 3 bureaus are reporting the same negative entry, you will want to send a different worded letter to each bureau.
Some credit repair software will include various letters for your use. You can also find various credit dispute letters online. Choose the right software and this will be an automated function.
How Dispute Letters Can Help You Fix Your Credit?
A dispute letter tells the credit bureaus that you do not agree with the information that's being reported. It also clearly states your reasons. Once the credit bureaus receive your letters, under Federal Law, they must investigate your information with the "original" lender. If the "original" lender does not or will not provide proof of the information being refuted within a certain amount of time, then the bureaus, under Federal Law, must remove this negative item from your credit report. Millions of these items are removed daily.
The software you choose, should alert you to important dates for your response to and from the credit bureaus. Using dispute letters in your credit repair strategy is all about timing. For the best results, you want to be on time!
You can fix your own credit!
Credit Repair software is Your Best Option for Repairing Your Credit!Credit Repair is not rocket science. Be confident that you can gain the knowledge to repair and rebuild your own credit. There are many choices for credit repair software, however choosing the right one will make the difference in your success. I recommend Personal Credit Rebuilder. www.PersonalCreditRebuilder.com - For more credit repair info visit their blog at www.PersonalCreditRebuilder.info.
...Don't Want To Do It Yourself? FREE Credit Repair Consultation From Lexington Law, The Leader in Credit Repair Call Now 1-800-293-3672 or CLICK HERE to Learn More
Visit LEXINGTON LAW or Call 1-800-293-3672 for FREE Credit Repair Consultation Now!
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