Bad Credit Report Repair
Every aspect of your life can be adversely affected by a bad credit
report. Having a low credit score means you will not qualify for
low interest credit cards or for car and mortgage loans.
However, getting out of debt and fixing your damaged credit report
is not as hard as you might think. You may be able to do so without
the assistance of credit counselors or money managers who will try
to take more money from you with their debt consolidation plans.
The temptation to seek the services of credit
repair companies is very strong to those with bad credit. They way
they advertise can look very promising for those who are desperate
enough to need their service. However, everything they can do for
you to repair your credit you can do yourself for little or no cost.
You do not need to pay their fees to fix your credit report.
Depending on the accuracy of the negative
information on your credit report, there are easy steps you can
follow to repair it. If the negative information is accurate, the
only thing you can do is to wait. Only time will remove that information
from your credit report. In the mean time, you need to pay all your
bills on time because late payments will adversely affect your credit
score even more. You will also need to establish responsible spending
habits to prevent any going into further debt.
If the negative information in your credit
report is inaccurate, you will need to send a written request to
the consumer reporting company to investigate the items in question.
By law, they must investigate your claim within 30 days, unless
they believe that the claim is frivolous. There are many advertisements
claiming to legally erase your bad credit report. They can do this
for you for a substantial fee. Again, anything they can do legally
you can do as well. Save your money, and do the work yourself.
Manage My Credit -
a website devoted to providing advice on managing your credit and debt