Your credit history is what you will be judged by for your
entire adult life. It is your credit history that will
determine whether or not you get a loan for a new home,
whether or not you will get financing for a new car, and
whether or not you can rent an apartment. Your credit
history will also determine whether or not you will be
approved for future lines of credit, whether they are from
a credit card or a doctor's office. Your credit history
determines whether or not you will have to pay a deposit
when you get a new cell phone and it is even what will
determine whether or not the utility companies will let you
install services. Sometimes your credit history will be the
deciding factor in whether or not you are hired for a job.
You've been told this since the day you signed up for your
first credit card and in spite of this; you now need to
know how to repair your credit history.
Perhaps you have discovered errors on your credit report or
you've gotten a bill for a credit card you don't remember
signing up for. Or, maybe, you had a financially
irresponsible youth. Debt accumulates for many reasons and
there is no reason to be ashamed of it-or the fact that you
need to repair your credit history. Most people do. Credit
reporting agencies are not accurate, and most people have
found mistakes in their credit reports.
The first step if you want to repair your credit history is
to get a copy of your current credit report and notify the
credit reporting agencies of any mistakes you find. You
will want to check your credit report every three months
until you completely repair your credit history and even
then, you will still want to check it at least once or
twice a year.
Next you will want to validate your debt. Ask all of the
companies claiming that you owe them money to send you
proof of your debt with them. This request must be done in
writing and the companies have thirty days to reply. If the
companies fail to reply or to supply you with sufficient
proof of your debt, they are required by law to delete you
from their system and the credit reporting agencies are
required to delete the account from your history.
Once you know, for sure, how much you owe; you must begin
to pay it off. Pay off the smaller bills and make payments
on the rest. Make sure to make all of your monthly payments
on time or even early. Most companies are more than happy
to work with you when they know that you are serious about
paying off your debt.
In fact, the best way to repair your credit history is to
slowly replace the dubiousness with steadfastness and
responsibility. You can do this by not missing a single
payment from now on. Tip #1
Stay on top of your credit report. Most credit reports
contain errors. Make sure you check your credit report
every year (you get one free credit report every twelve
months) and if there are errors make sure to challenge them
with the reporting credit agency. Credit agencies are
required to investigate each and every challenge that gets
reported.
----------------------------------------------------
At last! For men and women who want quick, simple and
effective Credit Repair Help...
http://www.creditinminutes.com
Find out what the credit Industry Don't Want You To Know..."
http://www.creditinminutes.com
No comments:
Post a Comment