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Credit Repair Quick Start

Are you done with bad credit? Are you ready to clean up your credit reports and improve your scores? Here are some great tips from a nationally recognized credit repair expert that can give your credit repair project the jump-start it needs.

Credit Repair and Your Payments

You have decided to repair your credit. You need to make sure that all of your payments are made on time from now on. Make sure your finances are organized and that there is enough room in your budget for the occasional unexpected expense. Credit repair requires effort and you don't want to slip backwards. Credit repair can transform your life; make the right effort and you will be richly rewarded.

Review Your Credit Reports

Get copies of all three of your credit reports. You can get them online at AnnualCreditReport.com for free one time each 12 months. This website is government mandated and is the only place where you can get your reports for free. All of the other websites that advertise free credit reports require you to join a monthly service; there is value in these monthly services, but make sure you know what you are buying. Once you have your reports it's time to start your credit repair project.

Correct Your Account Limits

Credit repair can be daunting. I suggest you take one manageable step at a time. Begin by proofreading the credit limits on your revolving accounts. A significant part of your credit scores are based on the ratio of your current revolving balances to your credit limits. Many credit card issuers underreport these limits and inadvertently harm your credit scores. Put your credit repair plan into action. If you discover any underreported limits communicate the issue to the creditor and provide a copy of a credit card statement to the credit bureaus.

Eliminate Extraneous Accounts

Examine your reports for extraneous accounts. These can include closed and paid accounts that are reporting as open with balances. You should also look for duplicate accounts. Take your time. Credit repair requires a little patience. A duplicate account with no derogatory information may blend into the background, but can have a negative impact on your credit scores. Duplicate accounts are common occurrences and can be easily rectified with a bit of credit repair. The credit bureaus rather than the creditors most often cause these errors, so a letter to the offending bureau ought to do the trick.

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