Credit Repairing

Credit Repair

There are two kinds of credit report mishaps -- information thats just an error, and incidents that reflect the errors of your ways. In either instance, the best way to approach the cleanup process is to start with the source, which, in most instances, is listed right there on your credit report.

Errors can also include omissions, such as something that you've already fixed, or an old collection action that is still being reported as overdue. With a little diligence on your part, such inaccuracies can be updated or removed from your record relatively quickly. Under the Fair Credit Reporting Act, credit bureaus are required to investigate your claim within 30 days. If it determines that an error has been made, it must fix the error and notify the other credit bureaus, and you, with a free report. In general, accurate negative information, such as late payments, generally stays on your report for seven years.
Here are some ways to help clean it up.
Use credit wisely, to fix your past credit abuses, simply pay your bills on time and demonstrate responsible credit management.
- Obtain and analyze your credit reports.
- Determine what you owe and to whom.
- Catch up on payments.
- Make small loans or credit purchases and pay them off quickly and on time to build credit.

Are you are making large payments on your current mortgage and you want some more options? Have you considered refinancing your mortgage, you could potentially save thousands of dollars in interest.

This site provides only general information. It is not intended to, nor should it be taken to be, legal, financial or other professional advice. Do not use is as such. Always consult with your attorney or financial advisor to discuss all legal or financial issues involved with credit and debt management solutions and issues.