Troubleshooting Credit Worries

At least 4 out of 10 people are paying more on their mortgages than their counterparts with better credit. 80% of credit reports have errors on them, 25% of them serious enough to warrant a denial of credit.

HOW DO YOU DEAL WITH LESS THAN PERFECT ("SUB-PRIME")CREDIT?

1. Obtain your credit reports from the three main credit bureaus.

2. Review the reports for any errors.

3. Once you locate the errors begin dispute process.

4. If bureaus unable to verify or correct the errors then the items must be removed.

5. Begin negotiating with creditors for acceptable payment terms and have them delete paid items.

6. After negotiating and making payment, creditors should then delete the negative items or change them to a positive rating.

7. Never confirm an account if the information presented about it is wrong.

8. There are many credit repair firms out there. Some are questionable, asking you to pay exorbitant fees and downpayments for them to initiate disputes with the credit bureaus on your behalf. Credit repair firms are controversial. Some experts feel that credit repair firms do not do anything that you and I cannot do for ourselves. To an extent that is true.

9. Get as much knowledge as you can regarding credit, credit scores, FICO scores and how the credit system works. Knowledge is invaluable. There is an excellent publication out in the market that is a must have for anyone wanting to know the insider secrets of how credit repair works. You can get it here. You can also request expert help here
10. We have also reviewed another excellent resource which gives you an easy step by step guide on how to get rid of negative items on your credit. You can access it here!