Are You In Need Of Credit Help?

If you are one of the millions of people across the world who is in need of some credit help then keep reading the article below because it will cover the basics you need to know to repair your credit and increase your FICO score!

First find out the reasons that your FICO scores are low, to do this you need to have either a tri-merged credit report or a report from each individual bureau. These can be purchased online for around $25. Next look over your credit report and identify the items that are reducing your credit score and giving you bad credit. Some items that will drag your scores down are listed below

What to Look For On Your Credit Report

  * Late Payments

  * Judgments

  * Maxed Out Credit Cards

  * Charged Off Accounts

  * Bankruptcies

  * Excessive Inquiries

  * To Many Open Accounts

  * False Information

Steps To take To Start Fixing Your Credit

After you make your list you will then need to take action to correct these derogatory items. To clean up most of the information you can implement some simple self credit repair methods. Do not be overwhelmed, this is easy to do and is the best credit help you can do for yourself.

This is easily done by drafting a credit dispute letter that has the account number, your social security number and name and address. Also include a reason for disputing the account and provide any proof that proves the information wrong if you have it. Send these letters to the reporting bureaus.

When they receive the letter they will contact the original account holder and ask for validation of the account. Most lenders are too busy to provide this and will just ignore it, after all why tie up staff dealing with old information on people who are no longer clients? If the original account issuer fails to respond within 30 days the information will come off your account.

Keep in mind that you should also start paying down excessive debt and make every effort to pay on time because if you are paying late or still accumulating debt your are basically working against yourself and your credit repair efforts.  Darin Sewell