Repair Credit Score Mistakes Quickly – The Do’s and Don’ts
Credit repair is not commonly a quick fix solution. There are however, many tips that can considerably cut down the amount of time that you spend repairing your credit. Also, there are a handful of hazards to avoid, especially for those that are new to the credit repair process.
The Do’s of Efficient Credit Repair
Do use Certified Mail – This ensures that all of your correspondences with credit bureaus, creditors and collection agencies are documented and will keep these entities bound to the timeframes dictated by State and Federal Laws.
Do Send the Proper ID’s – Credit bureaus want to make certain that they are dealing with the person that is challenging the validity of a claim made on their credit reports. Research what each one requires before they will even look at your request and make sure you send readable copies of those identification documents.
Do be Organized – Credit repair isn’t necessarily too complicated, but it does demand that you are able to stay on top of every contact between you and the bureaus, the collection agencies and the original creditors. If you can’t supply documentation, don’t expect them to take your word for it.
The Don’ts of Efficient Credit Repair
Don’t Overdo It – This is especially true when disputing items with the credit reporting agencies. If you challenge more than five accounts, they will likely send back a letter stating that you’re trying to overburden their representatives. You will get a letter back stating no work was done and you’ll have wasted about a month of your time with no results to show for it.
Don’t Get Intimidated – Collection agencies are notorious for their harassment and intimidation strategies. Research the laws, especially the Fair Debt Collection Practices Act (FDCPA) to make sure that they are not overstepping their bounds and their actions are within the letter of the law.
Don’t Get Discouraged – Both the credit bureaus and collection agencies will use stalling tactics if all of your “i’s” aren’t dotted or your “t’s” crossed. If you are new to the credit repair process, don’t get frustrated. Use online help sites or forums to make sure that what you’re doing is legal and correct.
Credit repair is not designed to be an overnight process. However if you stick to a regimented set of guidelines you will probably see results much faster than if you just blindly jump into it. It also couldn’t hurt to find a reputable credit repair company that will offer a free consultation to go over your specific situation. If you set up a well-organized credit repair method, you won’t regret it.
