Credit Repair and Debt Solutions | How To Repair Your Own Credit Report – Part 2

How To Repair Your Own Credit Report – Part 2

3. Identify and mark the
negative items on your credit report.

Here are the items you’re looking for:

-late payments
-charge-offs
-collections
-bankruptcy
-judgments
-repossessions
-foreclosures
-tax liens
-inquiries that you don’t recognize as belonging on your report

4. Stop! It’s time to do some homework! I bet that’s not what many of you wanted to hear. I’m sure you’re anxious to dive right in and start attacking the negative items on your credit reports, and I don’t blame you a bit. But the task you’re about to undertake is not cut-and-dry; credit repair is complex and there is often not a one-size-fits-all solution for every individual and every credit report. The approaches you’ll take to challenge the derogatory listings on your reports may vary depending upon your specific circumstances. You need to know what you’re doing beforehand to keep from making mistakes during the credit repair process. You also need to understand the laws that you’re going to use to your advantage in order to clean up your credit. Remember, if you don’t feel you have the time or patience to tackle this yourself, you can always seek the assistance of a credit repair organization (YES, there are good ones out there!).

Here is your pre-credit repair reading homework. It will help you understand the credit laws, and also to understand which approaches are appropriate for which types of listings:

Fair Credit Reporting Act (FCRA)
Fair Debt Collection Practices Act (FDCPA)
debt validation (Pay special attention to the second-to-last paragraph!)
how to dispute a listing on your credit report
HIPAA and credit repair (You can skip this one if you don’t have any medical items listed on your reports)
disputing a judgment, tax lien, or bankruptcy (Again, skip if it doesn’t apply to you)
disputing unauthorized/questionable inquiries

Next==> How To Repair Your Own Credit Report – Part 3

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Related posts:

  1. Inquiries On Your Credit Report
  2. How To Repair Your Own Credit Report – Part 1
  3. How To Repair Your Own Credit Report – Part 3
  4. How To Remove Public Records From Your Credit Report
  5. How to Dispute a Listing on Your Credit Report

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