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Credit Repair for Free
If you are one of the 42% of Americans suffering from bad credit or a low credit score (under 720), you may be intrigued by all the "free credit repair" services offered. Before you do, you should know you can do it yourself, truly for free. Who Needs Credit Repair? If you are planning on ever taking out a loan, whether for a car, home or anything your heart desires, your credit score will be key in determining your interest rate. Any score under 750 should be repaired as best as possible. Self - Help Credit Repair First, get your credit report. You are entitled to a free report if you are denied any service because of your credit.
On the form you receive denying credit, find the name and phone number of the credit reporting company. You are also entitled to one free report a year. There are three consumer reporting companies, Equifax, Experian, and TransUnion. You can look any of these up online. Secondly, dispute any mistakes or outdated entries on the report.
In two letters, one to the reporting agency and the other to the company who's charge you dispute, include your name, address, the item you dispute, any facts and explanations, request that it be removed or corrected and include a copy of any supporting documents and a copy of your credit report with the item circled. Third, keep balances low, pay off credit cards and apply for new credit only when needed. Sincerely, Dave Vaccaro If you would like to find out more information on how to repair your credit for free, you can do so by visiting http://creditrepairfree.org Dave Vaccaro also runs and maintains http://www.newtechnologyblog.com.