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Repair Credit Report Today and Save Money!So, you need to repair credit report information and you have decided that today is the day! If you truly want to begin to repair credit report history, you will first need to obtain copies of your credit reports from all three credit reporting agencies. These agencies are TransUnion, Experian and Equifax. As a consumer, you are able to request a FREE COPY of your credit report EACH YEAR from EACH of the three credit reporting agencies. Once you receive your credit reports, review them to acquaint yourself with the information contained in each report. Credit reports contain personal information, such as your name and address, and credit information, such as the names and addresses of creditors, amounts owed, your payment history, etc. If you would like information related to reading and analyzing your credit reports, please visit the following link, _________________. In attempting to repair credit report information, you need to understand that the credit reporting agencies can only delete or revise information that is incorrect or cannot be validated by the creditor. Keeping this in mind, as you review your credit report for credit report repair items, look for inaccurate information which can then be challenged and for old and outdated information which your creditor may not be able to validate any longer because of the passing of time. Once these items are located, send a letter to the corresponding credit reporting agency to request that the credit reporting agency confirm the information. The credit reporting agency will then contact the creditor in question and will request validation of the entry. According to the Fair Credit Reporting Act, the credit reporting agency has a "reasonable" amount of time to request and obtain validation of the creditor's negative credit entry. A "reasonable" amount of time is widely understood to be thirty days from the date of receipt of your request. If, after thirty days from the date of your request, the creditor has not submitted to the credit reporting agency its validation of your claim or has not responded at all, the credit reporting agency MUST remove that entry from your credit report. (Many people believe that by requesting a review at year-end, during the Thanksgiving and Christmas holidays, you stand a better chance of having negative entries removed because the credit reporting agencies and creditors are busier during this time of year and may overlook or have no time to respond to the credit reporting agency in a "reasonable" amount of time!) For examples of letters requesting deletion or revision of negative items on your credit report, please see the following link, ___________________. When corresponding with representatives of the three credit reporting agencies on the telephone, remember to always be courteous and polite. Your interaction will always be more constructive if everyone involved keeps their temper under control. So, spring has sprung and with it your decision to work on making your credit report stronger than ever! Good luck in your repair credit report information endeavor! Return from Repair Credit Report to our First Time Home Buyers Home Page
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