Many people never improve their credit score because they believe the myth that there is nothing they can do but wait. While time can help to ease some of the strain of your credit score, it will not truly help build it back up. There are actually proactive measures you can take on your own to help repair your credit. In addition, there are a few legal avenues you can explore on your own or with the help of a lawyer to help boost your score. The following are just a few credit repair tips that can get you started now on a better future.
Gather All Free Information First
The very first thing you need to do is gather as much information about your credit repair score as you can. Most people do not realize that the major three credit reporting bureaus have to release copies of a person’s credit report every year. You are entitled to one free copy from each bureau every year. You can write to request a copy or you can visit www.annualcreditreport.com and print out a copy of each report. This is vital because you need to see your report before you can attempt to tackle repairing it.
Dispute Any Disparities in Your Information
The best thing to do once you have the report is to sit down with a highlighter and take a look at your debts, collections, and other items on your report. Use one color to highlight matters you may be able to resolve such as small debts that you can potentially pay off. Use another color to highlight larger debts that you could consider wrapping into a debt settlement offer. Then take one more color and highlight anything that sounds off to you. It is important to note any disparities so that you can take care of them promptly. Anything that seems misleading, inaccurate, or unverifiable needs to be disputed.
Follow-up or Consider Hiring a Credit Repair Lawyer
When it comes to disputing an item on your credit report you can write a letter to the credit bureau stating the problem. They are supposed to reply within a reasonable time frame and if they do not are required to remove the item from your report. This is where it is extremely important to follow-up on everything you dispute. Some people prefer to hire a credit repair firm such as Lexington Law to take care of this task for them, but the choice is ultimately yours.