You can Fix Your Own Credit
fixing your own credit is an effective way of increasing a low credit score and getting back on track financially. many people realize this fact but many of them are scared off actually doing the self credit repair because they’re unsure how to do it. If this sounds like you then keep reading because this article will give you a brief overview of whats involved with fixing your own credit and also provide links to some great places to get more information!
Where Do I Start
First thing you need to do is examine your credit report and come up with the reasons your current FICO score is low. These reasons need to be compiled into a list that begins with the oldest accounts and ends with the most recent.
Common Credit Problems To Look For
- Late Payments
- Accounts In Collections
- Excessive Debt Load
- Derogatory Public Records (judgments, back child support, etc)
- Major Financial Crisis (bankruptcies,foreclosure, etc)
What Is the Next Step
The next step is that you are going to have to draft up a credit dispute letter for the first two accounts on your list and send it into the reporting bureaus. Read more…