How to fix your credit ?
Coming soon !
Quick credit Fixes ?
Is their really such a thing as fixing your credit quickly ? Many people want to know the answer. As a former loan consultant and credit counselor, I'm here to tell you that the answer is no. I have had many clients in my office asking about services they have heard of that say they can fix any credit problem in under 6 months . However, they always come back to the same problem, they get scammed. These companies charge a fee anywhere from $500 and up, take all your personal information and say leave everything to us. In each case I have heard of firsthand the unwary consumer does not get their credit repaired, is out several hundred dollars and the so called credit consultant is no where to be found.
This leads us back to the original question. As previously stated their is no quick fix, but their is hope. If you are sincere with time and effort you have all the tools that you need to repair your credit yourself. First you must consider and keep in mind that your negative situation did not get their overnight so it will not be fixed overnight unless you just won the lottery! Here are a few checkpoints for you to get started on assessing your own personal situation:
1. Get out a pen and paper and write down all your sources of income on one side and your monthly expenses on the other.
2. Copy of your credit report and FICO score - You may already think you know what's on your credit report but its important to see what all of the major credit reporting agencies have on you as they all report differently (Credit agency addresses). The major agencies are Equifax, Transunion, Experian and a less well known company called Innovus. Fyi - Everyone in the US is supposed to be entitled to 1 free credit report per year .
3. As your reports arrive it is crucial that you check them for accuracy. Even making sure that the negative information has been reported correctly as that often is a problem.
If you have not been that serious up until now this is the time to get serious or your plan to get out of debt will never work. Now that you have checked your report for accuracy you need to first work on getting discrepancies corrected. Start out by writing the reporting agency whose report shows the discrepancy (This means if all the agencies have the discrepancy then you must write each one separately - this should not be hard because you can use the same letter just change the recipient information.) This is where learning patience starts to becomes critical as this process may take some time.