Credit Repair Made Easy

So many first time home buyers nowadays end up in debt situations which require credit repair. It is a sad thing to see! However, help is just around the corner (I mean, further down the page)!

Understanding how to remedy this situation will give you the confidence necessary to take charge! With credit repair made easy you have the knowledge that will allow you to snatch yourself (and your checkbook!) back from the snarling creditor wolves. Remember, Little Red Riding Hood survived her wolf and you can, too!

Often times, people believe there is no way out. However, I am here to tell you that you can fix your bad credit.

Let's get started by understanding how you ended up in a debt situation that now requires credit repair.

How Bad Credit Starts

• too many credit cards, most of which (if not all) have outlandish balances;

• no or little accumulated rainy day savings funds;

• overdue bills; or,

• just bad financial decisions.

How Does the Bad Mark Show Up on Your Credit Report?

• not being able to purchase on credit; or,

• by having a less than stellar credit report, though you still may be able to purchase on credit.

Improve Your Bad Credit By:

• pay down on your credit cards and don't max them out;

• pay all your bills on time;

• not spending more than you bring home;

• stop squirreling away some money each paycheck for that unexpected expense or vacation; and,

• making good financial choices.

Lastly, Follow these Steps to Repair Your Credit Report

Step One: Obtain a Copy of Your Credit Report

There are three major credit reporting agencies--Experian, Equifax & TransUnion. These credit bureau agencies gather information from various sources about a person's credit history. They then compile a unique summary of the relevant information, called a credit report. You need a copy of this credit report from all three reporting agencies. They each report differently, so get a copy from each of them.

Step Two: Check Your Credit Report for Accuracy

Credit report information contains credit and non-credit information. Examples of credit information are names of creditors, credit card/loan account numbers, current balances, monthly amounts due, and number of past due payments. Likewise, examples of non-credit information are a person's name and previously used names, current and prior addresses, social security numbers, and employment history. Make sure all this information is correct.

Step Three: Dispute

Negative credit report information will remain on a person's credit report for anywhere from seven to ten years. Credit inquiries, on the other hand, can only remain on a person's credit report for two years. Anything that doesn't look right make sure you dispute.

The reporting agency will have to verify the information. This is an advantage to you. Why? Creditors don't take the time to give proof. Without proof the agency will remove the bad item. Hurray, you slayed one of the wolves!

Armed with the above information, you are ready to take a knowledgeable leap through the labyrinth of credit repair made easy. You can begin to "fix" or "erase" your bad credit through various common sense decisions and actions.

Additionally, you can utilize various credit repair made easy programs available to consumers. Many of these programs can assist by holding back the creditor wolves while negotiating new interest rates or proposing a debt consolidation plan.

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