Credit Repair and the process

How to start the Credit Repair process


I would like to explain the process for you in very simple terms.

1. Starting the credit repair process is as simple as getting copies of your credit bureau reports and nowadays that can be a very simple process by going online and downloading your credit report from one of the credit bureaus below or requesting your credit report in writing to the bureaus below. It is possible to receive a free copy of your credit history if you rave recently been turned down for credit within approx 30 days or there will be a small cost of about 9 dollars each. (Quick note about the credit repair process is that in order for you to start repairing your credit you need an actual copy of your credit report from the 3 major credit bureaus not a tri-merge report from a mortgage, real estate company or car dealer) and unless you ordered your report online you will receive your credit reports in approx. 7-14 days.

2. Once you receive your credit reports in the mail or online you should open them up to view your credit and start the credit repair process…this is how it is done, first grab a highlighter or pen to check off or highlight negative information or wrong information about yourself. These items should be easy to find since the credit bureaus put the information in sections (i.e. Potentially negative items, Accounts in good standing and requests or inquiries into your credit history.)

3. After highlighting the negative items on your credit profile write down on either a piece of paper, the dispute forms the credit agency have provided to you in your report or online at the credit bureaus website, the reason why you dispute this information. This can be as easy as stating, this item does not belong to me or I have never been late or I have never given my permission to pull my credit to this person, also; my name, address personal information is not correct. A simple one-line response is all that is needed.

4. At this point send back your dispute information to the credit bureaus in the same form as you acquired your report (online or mail), once submitted back to the credit bureau your credit repair process has started.

To keep things as simple as possible this is how the credit repair process will work from this point.
The Fair Credit Reporting Act under the Federal Trade Commission states that once you dispute your credit information the credit bureaus have a reasonable amount of time to respond to your dispute, now; the law considers a reasonable amount of time to be between 30 – 45 days.

What you need to do is keep track of the time you mailed your report or sent your dispute online and sit and wait the 45-day period for your response from the credit bureau.
If you have not received your report in this time frame the law states that the bureau must remove all disputed information in your report and legally they cannot be put back on.
This is the one technique the Credit repair agencies will use in order to remove negative information from your report…Just wait out the 45 days and hope the bureaus will not respond in time.
Now, if the bureaus do answer you back within that 45 day period and they say the information contained in your report is being reported accurately then you must write or input the same dispute again explaining that the information that was previously disputed is still showing inaccurately on your credit profile and you want it removed and would also like a copy of whom they contacted and who verified the information and then wait another 45 days for the response

Example:
The information I disputed is still showing as inaccurate on my credit profile and need you to reinvestigate these items and supply me with the name and address of the person and company you verified this information with.

Thank you,

Now, keep track of the time like we talked about before, but if the credit bureaus do answer you back continue the dispute process by informing the credit bureaus that they are breaking the law by continuing to release erroneous information about you to potential creditors and if the items are not removed immediately you will have no recourse but to start a lawsuit against them and also file complaints with the federal trade commission.
This should get their attention and your items or some of them will most likely be removed and the credit bureaus will send you a new updated credit profile showing the corrections.

There is plenty of links online about credit repair and the process so search around and check out these different ways of repairing your credit. It is not difficult; you just have to wait for the response, that is why credit repair agencies tell you the process can be up to a year to clean your credit.

I hope this information helps you at least start the credit repair process and please let your friends know about this site and maybe they can get their credit repair underway

Thank you for your time,

Sky Benson

EXPERIAN
PO BOX 2002
ALLEN, TX 75013
888-397-3742
www.experian.com

TRANSUNION
PO BOX 1000
CHESTER, PA 19022
800-888-4213
www.transunion.com

EQUIFAX
PO BOX 740241
ATLANTA, GA 30374
800-685-1111
www.equifax.com

Please also check out:
www.creditfilerepair.info and www.financeinformation.info