Cleaning Up Bad Accounts on Your Transunion, Equifax and Experian Credit Files
The process of cleaning bad entries from your file is very doable so long as you stick to the rules.
Yes, there are rules guiding this process and you can achieve significant improvement on your credit rating if you really follow the procedures.
You'll be needing a good understanding of how to handle bad accounts such as collections, charge-offs, foreclosures, late payments, court judgments, inquiries and even wrongly spelt names and addresses.
You want to be sure you're doing it the right way, else your effort might be wasted.
This is where your restoration kit comes in handy.
It is a document that is used by many consumers across the country to clean up negative accounts from their credit files when they switch into a self-help repair mode.
It is also known as a do-it-yourself technique.
It is the alternative method to hiring an expert repair agency to help in restoring your file.
Some of the things you'll learn to clean up negatives on your file include the laws of the Fair Credit Reporting Act and Fair Debt Collection Practices Act among others.
This is what the repair agencies can recall without consulting the books and one of the reasons they are considered experts in their job.
To erase negative items from your report, you'll be drafting letters and sending them to bureaus as part of a dispute process if there's any account on your report that is believed to have been a mistake of the bureau.
However, some mistakes could originate from the information furnisher that sends info to these bureaus.
In this case, you'll discover that even though a bureau may notify you that the negative account on your file is correct upon conclusion of their investigation, repeating the same dispute procedure with the original creditor (or information furnisher) will solve the problem.
Yes, there are rules guiding this process and you can achieve significant improvement on your credit rating if you really follow the procedures.
You'll be needing a good understanding of how to handle bad accounts such as collections, charge-offs, foreclosures, late payments, court judgments, inquiries and even wrongly spelt names and addresses.
You want to be sure you're doing it the right way, else your effort might be wasted.
This is where your restoration kit comes in handy.
It is a document that is used by many consumers across the country to clean up negative accounts from their credit files when they switch into a self-help repair mode.
It is also known as a do-it-yourself technique.
It is the alternative method to hiring an expert repair agency to help in restoring your file.
Some of the things you'll learn to clean up negatives on your file include the laws of the Fair Credit Reporting Act and Fair Debt Collection Practices Act among others.
This is what the repair agencies can recall without consulting the books and one of the reasons they are considered experts in their job.
To erase negative items from your report, you'll be drafting letters and sending them to bureaus as part of a dispute process if there's any account on your report that is believed to have been a mistake of the bureau.
However, some mistakes could originate from the information furnisher that sends info to these bureaus.
In this case, you'll discover that even though a bureau may notify you that the negative account on your file is correct upon conclusion of their investigation, repeating the same dispute procedure with the original creditor (or information furnisher) will solve the problem.
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