There are many companies out there that claim to be able to repair your credit. They will charge you for things you can do on your own. Heres how to do it on your own. You must first get a copy of your credit report from all 3 credit bureaus (TransUnion, Equifax, Experian).
Many people have errors on their credit report. These must be corrected, and the results could improve your credit score. To remove these items, you must dispute them with the 3 credit bureaus individually. The credit bureau is then required to contact the erroneous reporter and verify the information. If the information is not verified with 30 days, it must be removed (DELETED) from your credit file completely.If you get a copy of your credit report at www.AnnualCreditReport.com you can actually challenge any incorrect items electronically over the internet. There are also credit repair companies that will fix your credit up for a fee. There are many of these types of companies out there and if you decide to use one of them you should really try to do your homework and research them before paying them a fee for their services. Ask for referrals, ask your mortgage broker which ones he/she uses on a regular basis and how their results are, and check to see how long they have been in business to make sure they are not just going to take your money and run. Many consumers can be helped by credit repair companies and can end up qualifying for a loan that they may not have been able to qualify for before. Therefore the small amount of money spent on credit repair can end up saving you tens of thousands of dollars over the course of your loan.
Quick Contact Form
|
This
is not a commitment to lend. Restrictions may apply. Information
is subject to change without notice. All loans are subject
to credit approval. Equal Housing Opportunity.