Life is a bed of roses if you have the right and optimum credit score.
You can buy a home and apply for a car loan and fulfill all your dreams by being a credit worthy customer for any financial institution.
However, if you are suffering from bad debt, late payments or if you have filed for bankruptcy then you must know that your credit score is of utmost importance.
However, there are certain basic steps that need to be followed while doing credit repair.
The following steps spell out a detailed and a logical approach and it will help you plan your finances and payment of credit in the most effective manner.
The first and the most important step is going to all the three credit bureau and obtaining a credit statement.
This will give you a clear picture about the credit score and will give a detailed report about foreclosures and late payments.
All the creditors do not go to all the three bureaus so hence you should go ahead with a systematic approach and get a free credit report from all the bureau.
You should make a copy of your credit report and submit this to all the three leading bureaus.
You should mark all the points and items that are questionable on the other copy so that there are no confusions.
All the disputable items and points should be clearly written on a separate sheet of paper so that there are valid explanations given for it.
You may have questions regarding credit, id theft, erroneous collections and so on.
If you have filed for a bankruptcy then you may have to live with this for the next decade.
This will be clearly evident on your credit report for the next years.