If you have bad credit you have no doubt hit the frustrating road blocks that it can bring up in your life. Things like loan denial, sky high insurance rates and even job disqualification are all too common for people with bad credit! If this sounds like your situation then this article is going to help you by revealing some easy ways to increase your FICO score yourself.
First purchase a copy of your credit report from each individual credit reporting bureaus. There are three of them and they are Equifax, Trans Union and Experian.
You want to buy three because they all report differently and individual reports are easier to read as opposed to the tri-merge reports that many industry professional use.
Once You Have Your Credit Report
Once you have a copy of your credit report you will need to look it over for negative items that will drop your FICO scores. I have listed some of the more common items below.
Late Payments
Accounts Close To Being Maxed Out
Accounts In Collections
Bankruptcies
Judgments
No Positive accounts
After you Locate The Problems
After you have determined what accounts are hurting your credit score you should organize them on a list that starts with the oldest account first and ends with the newest accounts, make separate lists for each credit bureau.
Next take the first two accounts from each list and draft a credit dispute letter and send it into the bureaus using certified mail. Remember to make copies of these letters before you send them and keep each bureau's letters in a separate folder.
What Is a Credit Dispute Letter
A credit dispute letter is very basic and is a way of telling the credit bureaus that you do not agree with them and would like them to look into the information that is being reported about you.
Under federal law they must investigate your credit history with the original account issuer. If the account issuer cannot or does not provide verifying proof within 30 days then the information must be removed.
What Is On The Letter
The letter should be written to tell the bureaus why you do not think the account information is valid. There are many credit repair kits that provide useful templates that make writing these letters very easy! At the bare minimum a credit dispute letter should contain the following:
Name
Social Security Number
Account Number
Credit Report Number
Any Supporting Evidence You May Have
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Additional Tips For Doing Self Credit Repair
The process of Self Credit Repair is a fairly straight forward and simple process if you have the right plan to follow. However If you go into it unprepared you run the risk of failing or damaging your credit further. To avoid hurting your credit you should get a proven Credit Repair Guide like the ones we review at www.creditfix123.info we offer some quick reviews of proven methods.
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