Steps to Credit Repair
Credit repair is not always easy, but there are solutions available to help
us become debt free. We all have bills and sometimes those bills are outrageous.
Paying bills is ongoing, there is no escape so the best possible solution then
is asking for help and working to repay your debts. The changes in law are
making it hard for consumers to restore their credit, yet some rules to the
law make it possible to get all three of your credit-reports for free.
have a credit-history of neglectfulness you need to get copies of your credit
reports to insure no false allegations were made against you. If the
creditors or bureaus file a false claim on your credit-report you might be
eligible to sue the computers. If there are claims against you on your report
the first step is to file a dispute against the claims. This can delay your
payments and if you don't owe the bill it can free you from the debt once the
bureaus find that you are not responsible. It is determining that you contact the
bureaus as soon as possible if you notice any claims made against you that you
believe are not your responsibility.
Experian, TransUnion, and Equifax all have
a dispute hot-line available. Disputing is a step in the right direction for
repairing your credit. The majority of information on your credit-reports is
from banks, credit-card companies, utilities providers, judgments, and so on.
Your information generally stays on your credit-report for at least 7 years.
Positive results often stay on your report for around 10 years.
Tax liens often
stay on your credit-report for around 15 years and bankruptcies often stay on
your credit-report for 10 years. If you have any debts on your credit-report
that don't belong to you, it is wise to file a dispute immediately. The bureaus
will investigate the accusations made against you and if they find it is wrong,
then they will remove the claims. If the information on your credit-report has
no resolve then the companies will often delete or modify the claims against
you. This is why it is determining to keep track of your credit-report.
also view your credit score from the reports and get details on how your score
is affected. If you see that there are claims against you that is your
responsibility and can't seem to find a solution, it is wise to get educated. If
you believe credit repair companies that claim they can remove items from your
report and lower your monthly bills, then you are misled. Most of the companies
are regulated by the law. This means the government has reason to believe that
the companies may mislead their consumers. Therefore, most of the companies that
claim they can get you out of debt in little or no time are often waiting to
take money from your pocket, while putting you at risk of loosing your assets.
If you need help or support with your credit then it is wise to go to sources
that offer counseling at the National Foundation for Credit Counseling.
representatives are highly trained in helping consumers find a solution to
remove debt. They will also help get the creditors off your back. It is
determining to know your rights if you are in debt and searching for a solution to
repair your credit. Building credit that has been affected is hard in most
cases, but never impossible. Millions around the world at one time or another
has some financial change that has affected them negatively. Therefore, you are
not alone and there are innumerable that are aware of this fact. The Consumer Response
Center is a great source for finding information about your rights.
cases, some of us have more rights than others. Victims of Identity Theft or
Military Personnel that have been robbed of their identity have more rights than
people delinquent of paying on time. Knowing what is available to you is the
first step to repairing your credit and getting back on track.