Repair Your Own Credit
Believe it or not, it is possible to repair your own credit. Do not pay attention to those
commercials you see on television that tell you the only way to clear your credit report or raise your score is to
use a professional company. Those companies are only out to make a profit off of you. Now, you might think that
repairing your own credit is a complicated process, but it isn't. It just takes some time and attention.
The first step you need to take to repair your own credit is to get a copy of your current credit report from
each of the three major credit reporting agencies, Equifax, Experian and TransUnion. You are, by law, allowed to
get one free copy of your credit report from each of the three major reporting agencies per year. You can get your
report in one of two ways, either by contacting each reporting agency individually (they each have websites) or by
going to freecreditreport.com, which is endorsed by the federal government. At freecreditreport.com, you can get
your reports from all three agencies at the same time. Most of these companies will allow you to access your
reports for anywhere from a week to a month without incurring any further charges. Make sure you keep your
information for this on file somewhere, because you might end up needing it.
Print out your credit reports. Now, sit down and go over them. Go over them very carefully. Make sure that all
of the information contained in the report is accurate. Make sure the account numbers are correct, that your
billing information is right and that each account listed in the report matches your records. Mark down any
mistakes you find, no matter how trivial they might seem.
The next step to repair your own credit is to challenge each and every one of the mistakes you have found in
your credit reports. The easiest way to do this is through the websites for each of the major credit reporting agencies. The best way is to send your disputes in writing.
Most of the websites will have a form you can print out and use. When you send it in, make sure that you send it
via certified mail with delivery confirmation. Keep the postcards with the recipients' signatures. By law, the
credit reporting agencies must respond to you within thirty days to let you know where your disputes stand and they
will send you written confirmation of any corrections that have been made. They are also required to tell you why
corrections do not get made, in the event that an account is not corrected. Repeat this step until your credit
report is one hundred percent accurate.
Sometimes the agencies get their information confused and sometimes there are glitches in the computer. The time
it takes to repair your own credit will vary, but if you are diligent, you will get your credit score up to where
it should be.
Credit in Minutes 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
Credit in Minutes Tip
Just because you qualify for all of those credit cards does not mean you should get them. A person with too many
credit cards looks sketchy in the eyes of a potential creditor. Think of it this way: if a person is financially
stable does he or she need ten different credit cards? Wouldn’t just one or two suffice?
Credit in Minutes Tip
The best way to raise your credit score is to make all of your payments on time. It sounds too simple to be
true, but that’s all there really is to it. Staying out of debt and/or making all of your debt payments on time
will keep your score up where it should be.