5 Easy Steps - How to Repair Your Credit

It seems that the question of how to repair your credit has always been an issue of great controversy. Although there are many who promote self-help as the best solution numerous credit repair businesses who successfully serve consumers would seem to suggest that getting outside help may be worthwhile.

Let us leave aside gossip, rumors, and even statistics about successful credit repair businesses. Let's look at the facts. Self credit repair is entirely possible and in keeping with in the law. Even lacking experience you can still do so successfully.

But it should also be pointed out that a great deal of effort and time is involved. Even given that it can be done, there are those who would prefer to hire a professional they instead opt for the convenience of getting help.

If you are looking for information on how to repair your credit, these five simple steps will show you how. When you have considered how to go about it, you'll have the knowledge that will enable you to decide whether to use self-help or hire help. All right let's go.

Step 1
Get your credit reports. This is essential and will get you started on learning how to repair your credit, since in most instances the problem is due to errors on your credit report. Call 877-322-8228 or visit www.annualcreditreport.com

Step 2
Find a mistakes in your credit report and get to work on getting them deleted. Here's what you're looking for - accounts that are not yours, credit cards that are maxed out, and incorrect information of any kind.

Step 3
Write letters disputing the erroneous information, one for each credit Bureau that lists that information. Do not dispute too many errors this first time, otherwise the bureaus may ignore your letters altogether.

Attach to each letter a Xerox copy of the proof you have regarding the error. .

Step 4
Add good things to your report in order to improve your credit worthiness. Get the positive issues to be reported and entered. See to it that the report shows all your timely payments. Obtain a secured credit card and improve the credit to debt ratio.

And if possible pay off debts, especially those credit cards that charge ridiculously high rates of interest. These should be the first to pay it off, because of the high rates.

Step 5
But another good option is to just turn it over to a trustworthy credit repair service that knows all there is to know about how to repair your credit. This means that you need not learn anything about this matter; all you need to know about how to repair your credit, is finding the right credit repair agency.

A few tips are in order; avoid closing paid off credit card accounts; the credit limit on those accounts will keep your "debt to limit ratio" lower, improving your credit score.

If your decision is to hire a credit repair service, beware of fraudulent companies; make sure the company you hire is trustworthy. A good idea is to check with the Ethical Credit Repair Alliance, the "watchdog of credit repair companies."