If you have poor credit and searching for credit repair solutions to fix your
credit, then you would be surprised to know that you can do it on your own. It's
always better that before seeking professional credit repair
assistance or spending money uselessly, you should give
it a try on your own. However, if you're not confident enough that you can do it
yourself then you should look for professional help.
DIY credit repair is not difficult
Get your credit report: There are various ways in which you can better your credit
on your own and this is not a difficult task. First of all, you should pinpoint the
areas where you need repair. For doing this, it is essential that you collect a copy
of your most recent credit report from one or all of the three major credit
Identify inaccuracies: When you get your credit report, you should read it and know
the contents of the report. You should then look for inaccuracies in your credit
report. Inaccuracies might include particular accounts that have been reported in
your name but actually are not yours and some delayed payments that have been
Challenge inaccuracies: As soon as you come across incorrect information in your
credit report, you should challenge these errors with the 3 principal credit
reporting agencies - Equifax, TransUnion and Experian. This is an important step to
mend your credit. You should immediately send a communication to the credit bureaus
and elaborately mention all the details of the mistakes and state what the real
information is. If some of your accounts have been reported as unpaid, but actually
they have been paid in the past, you should point it out before the credit bureaus.
If it is proven that your claims are genuine, then the credit bureau would take out
the mistakes and this would guarantee a boost in your credit score.
Make timely payments: For mending your credit, it is also important that you make
timely payments of your bills. When your overdue accounts are shown on the credit
report as current or paid, it has a positive impact on your credit report. Try to
pay off as much debt as you can.
Stop using credit cards: If you have maxed out credit cards, then they can hurt your
credit badly. Furthermore, you would be compelled to pay excessive charges for
spending beyond your credit limits. In these circumstances, you should initiate
measures to bring down the outstanding balances under your permissible limit.
Remember that you can repair your credit on your own and you don't have to confide
in a professional to do it. In this way, you can save your precious time and money.