Are you worried that a bad credit might stop you from getting loans at reasonable rates? Have you missed out on payments lately and are worried it will show up badly on your report? If the answer to these questions is yes then you should take some corrective measures.
These measures include nothing except a major change in attitude and lifestyle.
One of the major steps towards credit repair is to remove any inaccurate negative item present in your report.
For this a customer needs to get a credit report from all the three credit bureaus Experian, Equifax and Trans Union.
It is possible for a customer to get a free copy of credit report every year.
Now the customer needs to review this report for all the negative items marked on it and check for any inaccuracy.
Another thing that should be kept in mind is that an item has a time limit, hence any negative item that as old as10 years or more can be removed from the report.
The consumer should draft a letter to the credit bureau informing them of the inaccurate items on the credit report.
This mail should be accompanied with a copy of any proof like receipt.
Another mail of similar kind should be drafted for the creditor who has reported this information.
The mails should be sent by certified post with a request for return receipt.
This will act as a proof that the mail had been received by the bureau.
The credit company will now have 30 days to resolve the dispute and get back to the credit bureau.
In case the claim made by the customer is valid then the negative item will be removed from the report.