Having a clean credit report can make your life so much easier and offer numerous more financing opportunities down the road, the whole time saving you a ton of money financing everyday things along with big ticket items such as cars and housing. Even the rates you end up paying for car insurance or the ability to find a great job more than likely are affected by your credit reports and your credit scores. Just try to rent a nice apartment while having collections and judgements on your credit!
The negative items on your credit reports might be there because of financial decisions that you had made in the past or they could be legitimate errors made by creditors or the credit bureaus themselves. Regardless of how these negative items found their way on your reports we will talk about identifying them and also the steps needed to remove them most effectively.
How to Indentify Negative Items on Your Credit:
It is easy to see how errors may find their way to your credit reports when you think of the sheer amount of information that finds its way to the credit bureaus everyday. There are literally millions upon millions of accounts that get reported every week. That is why it is so important to keep an eye on the items that are being reported on your credit reports. I suggest you sign up for a monthly credit watch program such as MyCreditKeeper.com or several others that are available for around $10 per month.
After you have received a copy of all three of your major credit reports including, Equifax, Trans Union and Experian you should go through line by line analyzing for errors. Check your personal information along with the public records sections and accounts. You want to look for anything that is potentially negative to your credit rating such as late payments, judgements, charge offs and collections. Are your addresses and personal information correct? Are there more than one variations of your name or social security number?
Correcting the Errors and Removing Negative Items:
You have several options here including; writing letters yourself and corresponding with the credit bureaus on your own, or hiring a professional credit repair service. I personally recommend the later, as it is best to have someone versed in dealing with the credit bureaus and creditors daily handle your disputing process. Professional credit repair companies know the ins and outs of credit as that is what they do every day. Of course if you have time to study and learn the laws that are in place to protect you as a consumer than handling your own credit repair might be the answer for you. If that is the case, I recommend finding a credit repair forum as you will have many questions.
Credit history can make or break you it seems. It is so important to keep on top of it and not let it overwhelm you. Please go here for my review of Lexington Law Firm, the number one professional credit repair company in the world. To learn more about how to clean your credit report including removing bankruptcy or a foreclosure please visit my credit repair forum.