4 Steps to Do it Yourself Credit Repair

Can you fix your credit on your own without the help of a professional? You most certainly can. While the FICO credit score is complicated, there are some simple things you can take to improve your credit score. Here’s how to do it in 5 simple steps.

1. Order Your Credit Report. By law you are entitled to one free copy of your credit report from each of the three credit reporting agencies; Experian, Equifax, and TransUnion. The items that appear on these credit reports will slightly vary, so you wan to get a copy of all three if you have not reviewed your credit report in over a year.

2. Take a Close Look. You want to carefully review your credit report for errors. Chances are you will find something wrong on your credit reports, and there’s a 25% chance that there is something wrong that is affecting your credit score. Some things to look for are wrong information, lines of credit that should be closed that are open, inaccurate account history.

3. Make Notations and Dispute. Highlight and note the areas that need fixed, and contact the credit agencies in writing to have the information reviewed. By law, they have 30 days to investigate and respond to your inquiry, and the laws are in your favor. If the creditor/lender cannot prove that you were in the wrong, the items must be removed from your credit report. As a result your credit score will increase.

4. Keep Watching. Just because the items were removed from your credit report, that does not mean the creditor/lender cannot and will not put it back on your report. Keep a close eye on the items that were removed. You may have to do the process all over again.

Boost your credit score quickly and learn what is a good credit score.