Credit repair is a very hot topic right now. Credit repair advice is everywhere. Counselors, law firms and credit repair clinics provide services to those who want to improve or protect their credit scores. This is a brief credit repair guide that may help to get you started.
The first step in any credit repair guide should be where to get copies of your credit reports. Many companies collect information about you and your credit history. The three major companies are Experian, TransUnion and Equifax. These are referred to as the credit bureaus or credit reporting companies. They gather information about you and sell it to creditors. A lot of credit repair advice usually entails revising the info contained in the reports.
Whenever you authorize a business venture to run your credit while applying for financing, you’ll probably get a hard credit inquiry. Too many hard credit inquiries can really hurt your credit score. Nonetheless, they can stay on your credit report about 24 months.
Disputing your report is a frustrating and time-consuming process. Nevertheless, it’s one of the best and most effective ways to get negative info off of your credit report.
When disputing your credit profile, you can write a credit bureau inquiry removal letter. Remember to include your full name, date of birth, address, social security number, the items you’re disputing, the reason as to why you’re disputing them and your signature at the bottom.
On the other hand, if you don’t have the time to order your credit reports and write to the various agencies, the help of inquiry removal or credit repair companies may be for you. Most inquiry removal and credit repair services have years of experience repairing credit and will be able to help you spend a fraction of the time on this time-consuming endeavor.