October 27, 2009
Credit Repair Methods That Work
Credit scored fixes, tactics, and methods.
What ever you want to call them can help you go from bad credit to good credit in months. I’ll touch on two really basic ones in this article but before I do you should know that in most cases credit repair takes between 30 to 100 days. Depending on what has to be deleted or corrected. This is important for you depending on what you’re trying to accomplish. If you’re looking to buy a home soon or a car, be sure to get started now. Better credit in a mortgage situation means lower payments for 30 years. That’s a lot of savings.
Point one: Send a dispute letter.
This is a method that actually involve quite a bit more than just sending a dispute letter. Usually, credit reporting companies or bureaus have several different addresses. Rather than send it to each of the different addresses, choose the one you think is the best and send it certified mail with return receipt request. That way, you know they received it and it’s up to them to get it to the right department.
Fix number 2: Re-age your debts
This is quite common for credit bureaus to do, but it is illegal. Basically, when some lender reports you late on a certain day and then another collection agency takes the account, that new agency may change the default day to the day they took the account. Since that is not the true day that you defaulted, you can legally make them remove it. By law they have to use the same date. Reason being that if they report 6 months later than it originally happened they are affecting you credit for an additional 6 months, which is a violation or your rights.
Real credit repair fixes are a sure fire way to get bad credit out of your life.
On the next article we’ll arm you with more by covering briefly other beneficial credit repair tactics.
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