The People's Repair Credit Boca Raton
9825 Marina Blvd Suite 122, Boca Raton, FL 33428
(786) 408-5878
Have you recently been denied a loan, an apartment or mortgage, or a credit card? You may be in need of credit repair information and tips.
Being turned down for credit is often an indication of some negative entries on your credit report, which can happen in two circumstances.
One is that you have mismanaged your credit, which includes overusing your available credit. More commonly, your credit file has some blemished information, hence negatively impacting your credit score.
No matter which situation you find yourself, it is imperative that you embark on credit repair sooner rather than later.
A little self-education goes along way in rectifying your situation, so here is some credit repair information you can use.
1. Start by requesting a copy of your credit report from all the 3 credit bureaus. You are allowed a free credit reports from each bureau per year. You can also get a free credit report if you have been denied credit within the last sixty days.
2. Upon receiving your report, study it closely. You must to examine each account (also known as tradeline) and mark those which are incorrect damaging your credit rating. Errors are more surprisingly common.
3. After you have determined which tradelines are erroneous entries, contact the credit bureau and request deletions from your report. You start with these because you have legitimate reason to dispute and most likely to have removed.
4. Even when you find some correct entries in your credit report, but the information is negative in nature, you can still try and have them removed. Find legitimate reasons such as re-aging, which means resetting of date of account, something especially common with debt collectors.
5. Make certain all your correspondence with creditors is through registered mail. You might not want to do this with the credit bureaus though, as it raises a red flag due to as this is what credit repair clinics advice their clients to do.
6. The law allows 30 days for any action to take place. If the credit bureaus determine that the entries were wrong or the creditor cannot verify the account, it will have to be deleted.
Just note that credit repair is not a quick fix, nor a one day affair. You need some persistence and guts.
No credit repair information is complete that does not tell you the things not to do. People with low credit scores often try desperate means to repair their credit and are often misinformed, hence end up hurting their credit even more. Here are some of the things you SHOULD NOT DO to repair your credit:
1. New Credit File or File Segregation: Many bogus credit repair companies entice people with false promises and bad credit repair information such as telling them they can create a new credit file. This is also known as file segregation and is illegal.
2. Many credit repair companies claim to they can repair credit by getting accurate negative information deleted from their credit reports, thus improving their rating. Now, this is not guaranteed. You must first understand the process of getting information removed. No one can actually delete negative items from your credit file except the credit bureaus and your creditors.
3. Do not close old active accounts: If you have active credit accounts, do not close them. Keep them paid on time as they help build credit history and therefore help raise your credit score
4. Do not make advance payments for credit repair if using a credit repair service. Asking for advance payments for credit repair is illegal. They can only charge you for legitimate services that they have already provided. Do not be lured into any contract promising to repair your credit before any work has been done.
If you're interested in repairing your credit then you need to start by examining your personal credit file held by each of the major credit reporting bureaus (TransUnion, Equifax and Experian). Then, identify any accounts that contain information that could be considered adverse.
The only real way to credit repair in 48 hours is to find adverse marks at the reporting agencies that are false and demand that they be fixed. You will need to write to each agency and state your case as well as including all pertinent proof of payment, etc.
Another method of clearing up credit fast, or at least getting a desired loan, is to meet with your lender and make a plan that will provide you with enough credit "score" to obtain the desired loan amount. Usually you start by checking the credit agencies and making sure the data is correct. Then you plan how you will approach the task of credit improvement.
Start making improvements today and decide that from this day forward you will have better credit. Credit that will allow you to purchase a new home or product, whatever your goal may be.
Be sure to check with credit repair companies but do your due diligence. Check them out. Ask for references. Check around for pricing and ask them point blank, just how they will do credit repair in 48 hours.
Credit Repair involves you getting detailed information and step by step solutions that will include the three separate databases: TransUnion, Experian and Equifax. Be sure to find out what the laws are concerning credit repair agencies. You need to know just what they are required to disclose to you, etc.
The credit repair services should be willing to provide you with services such as access to your credit report, monitoring of your credit status and/or working with the credit bureaus on your behalf. The credit repair company usually, cannot perform any services for you until you've signed a written contract and completed a waiting period (check with your state laws). The credit repair process is quite simple, just about anyone can do it provided they know the protocol to follow. Getting results can be the challenging part. This is because many credit-repair agencies promise more than they deliver.
Long term credit repair is a process, not usually a one shot fix of getting credit repair in 48 hours. So, trying to repair your credit yourself can be frustrating. Credit repair is simply something best left to a credit expert. You can do SOME of it yourself, if you have the time and knowledge but unless you know exactly what you are doing you will not have the results professionals can provide.
Credit repair is all about proving to potential creditors that you are worthy of being offered credit. If you aren't worthy of credit you probably won't get it. Credit repair isn't about removing true information from your credit report. Instead, it is usually, a method used by people who have false and damaging data on their credit report. Credit repair is the fastest growing industry in the country right now. What better way of making a living than by helping others?