| By :
Jim Kemish
Use the Right Credit Report You can make your credit repair project considerably easier by starting with the right credit report. Surprised? Yes, there are differences. The free reports you can get once per year are free, but I am sorry to say you get what you pay for. The free reports will come in three individual, uniquely confusing formats. Credit repair may be worth thousands in savings, why not invest twenty dollars in a great easy to read tri-merged report? Doubt Everything You See When you review your reports, take nothing for granted. The credit reporting system may be a marvel; the three major credit bureaus each manage credit files on over two-hundred million people, and literally billions of pieces of data, but they make mistakes, plenty of mistakes. Credit repair serves an important purpose. Consumers must look out for themselves. Dispute Until Satisfied Once you identify the errors on your report it is time to send dispute letters to the credit bureaus. Do not expect a high level of customer service. They may reject your dispute offhand or ask for more information, even when you provided it in spades. Manage your credit bureau communications with patience. If you are not satisfied, send your dispute letter again, and again. Stand your ground and you will overcome. Keep Credit Repair Letters Short Effective credit repair requires refinement. It may be tempting to write a dissertation about the errors you have discovered. But if you want to get the job done, you must have discipline and reign in your urge for verbosity. The clerk that processes your request has piles of similar letters to decipher. Have a little respect and keep it plain. You will be amazed how your restraint will pay off. Open Secured Cards Fast If you have had credit trouble, and want real results from your credit repair effort, open new accounts now. The FICO scoring model gives major weight to accounts established after a bout of credit trouble. If your credit is too poor to get approved for a regular credit card, get a couple of secured cards. Two is the right number. They are quick to open, report just like regular cards, and will do wonders for your scores. And you will not get denied. Manage Balances Carefully Once you have your new accounts you must treat them like the great asset they are. Make sure that you always have enough money available to make your payments on time, or early! And for amazing credit repair results, keep your balances down. Try to target only twenty percent usage. Letting your balances run up towards the limit is not the end of the world, but it will hurt your scores until you pay them down again. When Help is Needed When in doubt, reach out. There are a number of excellent, professional credit repair services that are effective and affordable. For a small monthly fee, these services can manage the entire dispute process, dissect your reports, and find all of the opportunities to boost your scores. If the job seems daunting just pick up the phone and get the help you need. Good luck! Copyright © 2010 James W. Kemish. All Content. All Rights Reserved.
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