Diy Credit Repair

Eliminate Bad Credit.

Eliminating your bad credit from Reporting Agencies involves a process that must be followed step-by-step.

You DO NOT want to Restore your credit or Improve your credit as most companies advertise they will do.

You must ELIMINATE your bad credit.
T
he most important part of any persons credit is the FICO Score. (Fair, Isaac & Co.)

Lenders use a number of facts to make credit decisions, including your FICO score. Lenders look at information such as the amount of debt you can reasonably handle given your income, your employment history, and your credit history.

Whether youre buying a home, a car or applying for a credit card lenders want to know the risk theyre taking by lending your money. Your FICO credit scores (you have 1 score from each of the 3 major credit bureaus) can affect how much money a lender will lend you and at what terms (interest rate). So, taking steps to improve your FICO scores can often help you qualify for better rates from lenders which can save you money!

Improving your FICO credit score
Its important to note that raising your FICO credit score is a bit like losing weight: It takes time and there is no quick fix. In fact, quick-fix efforts can backfire.

Fixing credit report problems:

First, tell the credit bureau in writing what information you believe is inaccurate.

The credit bureau must investigate the item(s) in question usually within 30 days unless they consider your dispute frivolous. Include copies (NOT originals) of documents that support your position. In addition to providing your complete name and address, your letter should:

*Clearly identify each item in your report you dispute.
*State the facts and explain why you dispute the information.
*Request deletion or correction.

You may want to enclose a copy of your report with the items in question circled. Send your letter by certified mail, return receipt requested, so you can document that the credit bureau received your correspondence. Keep copies of your dispute letter and enclosures.

Second, write to the appropriate creditor or other information provider, explaining that you are disputing the information provided to the bureau.
Again, include copies of documents that support your position. Many providers specify an address for disputes. If the provider again reports the same information to a bureau, it must include a notice of your dispute. Request that the provider copy you on correspondence they send to the bureau. Expect this process to take between 30 and 90 days.

In many states, you will be eligible to receive a free credit report directly from the credit bureau, once a dispute has been registered, in order to verify the updated information. Contact the appropriate credit bureau to see if you qualify for this service.

A typical situation is that your creditor automatically sends a form letter to the credit bureau stating: This account is accurate.

At this point, the process starts all over again. You must send the letters to the credit bureaus and to the creditors again.

Expect every process to take between 30 and 90 days.
This process must be done for every bad credit item on your credit report. As each bad credit item is removed, your FICO score will raise a few points.
An option would be to have a company do this process for you.

Be aware, most companies cannot totally eliminate your debt.
They simply claim to do this to restore your credit. Your debt will return!
Then your credit is back where it was before, or it never had a chance to lower your credit score.

Contact a company that can totally eliminate your debt. You do not want it to come back!

This Author knows of only one company that can do this, legitimate and legal. And, your debt will be gone, totally! Contact this Author for more details.