Ultimate Guide To Credit Repair

To get a bureau credit report, you can do so from one of three federally recognized credit bureaus: Equifax, Experian, or TransUnion. Each of these bureaus will allow you to get one free report- which means if you access all of them, you can get up to three free bureau credit reports per year. Be sure to take advantage of this fact, and keep an eye not only on your finances, but on your security. If you are working towards repairing your credit, these reports will become especially important.

Oh No- What’s This, A Mistake?

It is vitally important to get a jump on correcting any mistakes, inaccuracies or questionable transactions on your credit report. The longer you put it off, the longer it will take to get to get things straightened out. In the meantime, your credit rating suffers. And thats just the highlight. You can be hounded by bill collectors for services and products you never paid for.

When you see a mistake, you have to make a hand-written request to challenge the information and send it to the credit bureau that sent you the bureau credit repair report. The credit bureau has 30 days to get back to you. In the meantime, they will be contacting all of your creditors to verify if what you said was true. If they cant find anything to disprove your written request, theyll change the information in your favor.

As a borrower, you also have the right to have written statements included with your credit bureau repair report. These can be included as a permanent record in your report- for future lenders to read your side of the story. For instance, if you were involved in some type of natural disaster or other significant event which affected you substantially, but had never missed a loan payment previously, they may take this into serious consideration when considering lending to you.

What a Credit Bureau Report is Not

A bureau credit repair report does NOT magically remove all information about your substantiated bad credit days, such as information about bankruptcies, loans and repossessions. Changing that information is highly illegal.

A credit repair report is not a new or even a secondary file about your credit history. This information is also incredibly illegal- ranking with possession of fake I.D.’s and forged passports.

A word of warning- if you have to make changes to your bureau credit repair report, make sure those changes are actually included in your report. The most effective way to do so is to order another report.