Are you ready to rebuild your credit? You have to be serious about it now! With todays economy it pays to have good credit. If you are considering rebuilding your credit, start out here. These are my personal recommendations on starting to rebuild your credit.
Rebuilding Your Credit
Did you know that qualify for a free credit report annually? So, that means once a year you can view what is on your credit record. However you don’t want to be fooled! There are crooks to wheel you in for free credit reports. The most reputable site that is authorized to give you a free credit report is: Equifax Credit Watch Gold 3-in-1. You will be able to view your personal file. You may find that each credit bureau has different information and your score may be different with each. Be ready to answer as series of personal questions, that only you would be able to know. Then questions are taken from information on your credit report. They ask you these questions for your security.
When you choose a credit report site always remember look for the https. The (s) means that it is a secure site. At Annual Credit Report, no credit card is needed to view your credit history. You will not have to sign up for a free subscription to any of the basic services and have the need to cancel within 30 days. There should be no strings attached. If you encounter anything of that nature, then you may not be at the right site. This is why we suggest only the most reputable site that is authorized to give you a credit report: Equifax Credit Watch. This site will not only give your credit report; it will also disclose your FICA Score. However to view your FICA score, you will have to pay.
There are two types of credit scoring systems: FICO, which are the more familiar credit scoring systems that most creditors typically use. There is also Vantage Score. On a FICO credit score rating scale, the score ranges between 300 and 850. On a Vantage credit score rating scale, the scores ranging from 501 to 990.
Professional Credit Repairing Services
So, you want to rebuild your credit and you are looking for a profession credit repairing agency to help you. First of all you need to that they are credit repair services cannot remove negative items from your credit over night. Always remember that it did not take overnight to get your credit in the shape that it is now, so you can’t expect a miracle to be done within 30 days. But the good thing is with credit services you do stand a good chance of having your credit improved! The key in repairing your credit with credit services is to reach some type of settle with accurate negative debt and remove all inaccurate or outdated information. I am going to share with you some credit repairing agencies will not tell you. If you chose to go this route, just not with a little time and effort you can do it yourself.
Each Credit Repairing Agency has a process in which they follow to determine if you are credit repairable worthy. Let’s look at their order of services:
Step One- Disputing
- Analyze credit report results in initial meeting with client.
- Allow client to complete application packet.
- Complete Promissory Note if applicable.
- Dispute all negative items on reports, print confirmations for client’s files.
- Order Equifax reports receipt conformation number for client’s files.
- Follow up with client with the response from the Credit Bureaus within thirty days.
- Call to review results with client and then start second set of disputes.
- If a favorable outcome, then start Settlement process.
As the final action above states, if the repair agency have a favorable outcome, then they will continue to work with repairing your credit before going on to the second step:
