Free Articles  >>  Business And Finance >>  Page 919  >> 

Clean Credit Report Three Step Process

If you are looking to clean up your credit history then you're likely already suffering from high interest rates and paying unnecessary fees. It's quite amazing if you take a moment to sit back and think about how much money is wasted due to having a low credit score.

If you are ready to put an end to the days of wasting your hard-earned money on avoidable expenses then follow the instructions below. Get started clearing up negative information on your credit report and getting the credit score that you really deserve.

1. The first thing you must do before anything else, is get a copy of your credit reports. You need to get a copy of each one of your reports. This will total three credit reports (Experian, Equifax, and Transunion).

It is vital to have a current and updated copy of your credit report before you start trying to clean up incorrect information. The primary reason it is because when you file a dispute or challenge information on your credit report you must make sure you the correct information with the correct credit bureau.

Once you have all three of your credit reports, if you take a moment to compare the information contained on each, you will be shocked at how different it is. The reason it will be different is because not every lender is going to report your account information to all three of the credit bureaus.

A very well kept secret is that if you dispute the wrong information with the wrong credit bureau, then that credit bureau will red flag your name. It is speculated the credit bureaus will then see any future dispute attempts on your behalf as frivolous and ignore them.

2. The second step to clean credit is to challenge incorrect information by filling a credit report dispute. This is your way of communicating with the credit bureaus and telling them that a listing on your credit report is incorrect and needs to be fixed. You will need to file a credit dispute with each credit bureau.

In other words if you have an outstanding debt and have a collection on your credit report, then you will have to file three separate dispute requests, one with each credit bureau. When the credit bureau receives your dispute and deems the dispute to be valid, they will conduct an investigation.

When the credit bureaus investigate they will contact the creditor that has reported the negative information about your account and ask them to verify the account, the dates on the account, and the amount owed. If your account is verified and has incorrect dates or balance due, then the credit bureau will update that information.

The more likely scenario is that your account will not be verified when the bureau investigates. If this is the result then the credit bureaus must delete the item from your credit report according to Federal Law. This same Federal Law is what gives you and every consumer the right to challenge any information on your credit report.

Cleaning up your credit report has been shown to be one of the fastest and most effective ways to improve your credit score. This is because you are improving your payment history which is an incredibly vital piece of information used when your credit score gets calculated.

According to FICO one of the largest credit scoring business, your payment history is 35% of your overall credit score and the largest influence to your overall score. If you are looking to clean up bad credit and stop paying the high expense, personal expense, and even potentially professional expense then take action today.

We continue to hear more employers are checking job candidates credit records prior to employment and while having bad credit in the past only meant a lot of wasted money and a lower quality of life. It is abundantly clear that in today's job market it could be the difference in your job, income, and future wealth too!

About Author Arnold Totelesky :

For more about cleaning up your credit and how the dispute process works, or for a review on professional credit repair attorneys and how they can help with the process of correcting your credit report call 1-800-483-0256 or visit us - <a href=";id=113&amp;cid=41" target="_blank">;id=113&amp;cid=41</a>

Article Source:
Article Url:

Article Added on Friday, May 3, 2013
Other Articles by Arnold Totelesky

Erase Bad Credit And Clean Up Your Credit Report
In today's economy as a result of the mortgage collapse, banks have drastically changed their approval requirements. In the past when you could get approved for financing with no money down, no income verification, employment check, and a bad credit score are long gone! Now when you apply for financing a purchase, if your credit score is below a 700 you will often be denied. One of the most common reasons a credit score is lowered is because negative information is on the credit report....

Credit Report Repair Services How They Work To Fix Your Bad Credit
If you are suffering from a bad credit score or are just looking to improve your credit score then an expert credit report repair service may be the right choice. These services provide you with a hands-off, headache free way to to correct your credit report. How Do They Work Companies that work to fix your bad credit report are going to primarily use two methods to clean your credit history. 1. Credit Report Dispute The first step a service is going to do on your behalf is to dispute...

How To Restore Your Credit Rating
If you are needing a credit pick me up, then you have come to the right place. Everyone needs to take time to manage their credit, and make sure that it is as good as it can be. This article will give you ideas on how you can clean up your bad credit and maintain the good credit. Pay your household bills on time. Focus on what is important and don't get in over your head paying your credit card bills. Make sure your necessities are paid first and pay your credit cards with what you have...

Raise Your Credit Score
When you're working to get a better credit score there are a few actions to take. These steps will help you show credit responsibility to future lenders. 1. Pay your current bills on time - just by paying your current monthly bills on time every month you'll begin to create a trail of positive payment history on all 3 of your credit reports. 2. New revolving lines of credit - for example an unsecured credit card. The idea is to have a payment that will report every month to all 3 of the...

Best Credit Repair Tips How You Can Fix Your Credit Reports
Is worry about your credit report preventing you from getting a good nights sleep? By following these tips, you can achieve a credit report that you do not have to be ashamed of. In order to fix your credit score, you must have a plan that will help you lower your debt and actually make an impact. Existing debt can be burdensome, and it has a negative impact on your credit score. Develop a budget that realistically reflects your situation and try to devote as much of it as you can to...

Improve Credit How To Deal With Outstanding Debt Collections
If you are working to improve your credit but are being contacted by a debt collector or you are aware of any legitimate outstanding debts that you have, then you need to settle these debt accounts. The first and most important factor you need to look at before paying any collection agency is, how old is your debt? Federal law has clearly stated that the maximum amount of time any negative debt collection account can remain on your credit report is for 7 years. This seven-year time window...

Improving Your Credit Score Quickly
Are you kept awake thinking about your credit report? By following the tips in this article you can get things back on track, and finally have a credit score that makes you proud. You need to carefully scrutinize credit counselors before you consult them for help with repairing your credit. Many may have ulterior motives, so make sure you are not being duped. Some are simply fraudulent and are out to get your money. Consumers should always check to see if a credit counselor is not a scam...

Who Is The Lexington Law Firm Credit Repair Service
? This is a professional credit report correction law firm. They will work under the Fair Credit Reporting Act to dispute the incorrect information on your credit report for you. They do not have a magic wand however in 2010 they did remove over 1 million items from their clients credit reports. The Expense With Lexington Law you have a $99 upfront payment, this acts like a retainer fee. You then can pay $49 up to $99 a month, depending on the level of service you choose. Typically you can...

Bad Credit Help What To Do About Your Debt
If you are looking into fixing your credit and wondering what to do about you debt, your not alone. Many consumers need bad credit help and are struggling to stay a float, especially in today's economy. You first should realize that any debt that is older than 7 years has expired and is beyond the statute of limitations. This means that you do not legally owe the debt and that it can no longer be a piece of information that is on your credit report. The most common violation by collection...

Credit Repair Companies How Their Services Work
Before you hire a credit repair company you should know some details about how their services work, the costs associated, and your alternatives. First let's look at what a service is going to do on your behalf. With every service your going to forward them a copy of your credit reports and indicate what items you want them to dispute and try to remove. Typically a paralegal will be assigned to your case who will actually write and perform the dispute process for you. As I hope you know by...

Click here to see More Articles by Arnold Totelesky
Publishers / Webmasters
Article ID: 413776
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

252 Users Online!!
Related Articles:
Latest Articles:
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Linux Web Hosting In India Provided By AwareIndia

Company IDS