Free Credit Repair Tips

March 4, 2009 by  
Filed under Credit Repair

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There can be many reasons why you are in need of credit repair. Many people run into emergency situations and find that they are late in paying bills that can hurt their credit report score. If your credit has suffered, you do not have to feel helpless. You can use these free credit repair tips for even bad credit repair.

One of the first credit repair tips that you need to learn is to avoid those companies that offer you free credit repair or to wipe your slate clean. They are usually scams. You will want to repair credit the legal way. For legal credit repair, you need to get a credit report from the three major credit bureaus. You are entitled to one free credit report each year. You are also entitled to a free credit report from a reporting bureau that is used to make a determination that denies you a loan.

Look over the credit reports carefully and look for items that may be on the credit report in error. If you find any, write to the credit bureaus, dispute the claim and demand proof. If it is on your credit report in error, it will be removed. This is one of the best ways that you can engage in free credit repair. Items on your credit report that do not belong to you can reflect negatively on your credit score.

If you have an item that is listed on your credit report from a current lender for which you were late, you can call them and try to negotiate a deal with them to pay off any amount due if they will remove the item. It is up to the finance company to then remove the item. This is one way that you can get credit repair on your own.

Do not close old credit card accounts that have been paid off. This can reflect negatively on your credit score. Paying off credit cards that are lingering is one way to repair credit.

Another way to repair credit score standings is to take out a credit card and then pay it off each month. Just use the credit card to buy things that you would ordinarily buy and pay it off. This will automatically start to raise your credit score.

If you are behind in a bill, the worst thing that you can do is to ignore a creditor. By talking to a creditor and working out a solution, you will not only help your situation, but you will also repair credit problems by heading them off before they occur.

The best way that you can make sure that you have good credit is to use it wisely and get copies of your credit reports each year so that you know what is on them. If you find that there is something in error on your credit report, you must act right away for credit repair. You should also work with creditors to negotiate payments in exchange for removal of some items from your credit report.