Let's Look At Free Credit Repair

By: C.S. Hutcherson

Many people run into credit problems at some point in their life. Divorce, job loss and paying for education can have many strapped for cash, especially in the state of the current economy. It is very easy to fall behind on bills and lose sight of your credit rating. When people discover their credit isn't as good as they would like, they can relax. With some help from agencies prepared to handle those situations can lend a hand with free credit repair.
Banks and other lending institutions are cutting back on the amount of money available for home and auto loans as well as personal loans. The qualifications to procure a loan are stricter than ever. If you have a less than favorable credit history or score, you will need some assistance in getting back into the good graces of lending companies. Free credit repair sounds like it's too good to be true, but it's not. It will take a little leg work, but you can improve your credit score!
Major credit reporting agencies like Experian and Equifax can point you in the right direction to repair your credit. By law, these and other agencies must provide each person with a free, annual credit report. Your credit report is like a report card on your credit progress. The information found on this report is invaluable and should be reviewed carefully. The slightest inconsistency can ruin your credit history, so verify all information contained in the report. Pay special attention to dates and payment amounts.
Taking a look at your credit report will help in knowing what avenues you need to take to get your score back to where it should be. Examine your credit report for accuracy. Check dates as well as loan or payment amounts carefully. Many companies sell credit accounts to secondary lenders and the information in your report may not reflect the true picture of your credit health.
Credit card companies often throw unsuspecting card holders for a loop when they charge daily interest, making an account that was paid off in full appear as delinquent or charge off status. A single dollar in the balance can land your account with a debt collection agency and you'll never know it until you see your credit report.
A dispute can be filed with both the creditor and the agency supply the information. If someone needs help finding the source of the outstanding balance, they are known to help track them down. Keeping all documents about someone's credit is always a good idea in case there's a dispute.
Credit reports may contain errors such as incorrect spellings of your name or invalid information relating to your former employment. Verify all of the facts on your credit record to ensure that any aliases you were known by previously are no longer listed on your record. Incorrect data can ruin your credit score without your knowledge.
Make sure that credit reporting agencies do not have old or invalid information in their records. Often times, FICO scores are negatively affected by misspellings of your name on old accounts. When you remarry or change your last name, verify that no reporting agencies have you listed by your maiden or former married names. Verify that any employers listed on your credit score reflect true dates of employment. By taking the time to check into your credit report, you can clear up judgments against you and remove blemishes on your credit history. By checking documentation thoroughly and staying on top of disputes, you will have the free credit repair you have hoping for and the credit you deserve.

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For more information about free credit repair advice and credit repair letters, visit www.repairmycreditshop.com/

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