Credit Repair - Information

Welcome to the credit repair information page. We are here to provide you with companies that help you sort everything out with your creditors. These companies provide specialized credit repair services, negotiate with credit card companies on your behalf, and make sure you get the clean credit report you need.

When it comes to negative credit information it can be maintained on your report for seven years; bankruptcies for 10 years. But many creditors weigh new information more heavily. If you would like to learn useful credit repair steps or more information about credit repair use the links provided below. Keep reading...

How to Repair Your Credit - Improve Your Credit - Clean Up Your Credit

STEP 1: Lock up and put your cards away. Don't close your accounts yet. If your credit rating has been damaged, you may have trouble getting new cards. But stop using them. Your immediate goal is to repair your credit rating and to get out of debt.

STEP 2: Figure out where you stand budget wise. No one likes to focus on budgets and net worth issues. It's particularly painful if you suspect your income is less than your debt payments and that your net worth is in minus territory. Still, finding out the truth is a necessary first step, just like stepping on the scale before you begin to diet. It helps you measure your success.

STEP 3: Set a goal to get your credit 100% clean You can have a great deal of control over your budget and net worth. But much of your credit record is actually controlled by others -- your creditors and the reporting bureaus. Between 50% and 80% of credit reports contain errors! Clear those up first.

Create a plan for repairing your credit.If you're going to clear up your credit rating, you must begin paying your bills on time. That means you pay at least the minimum balance on each bill within 30 days. Determine whether you can do that. If you aren't even close, consider credit counseling. If it's hopeless, you may want to consider bankruptcy and a fresh start. Determine which course of action you will take and stick to your guns

Negotiate with your creditors - they will help you!Nine out of 10 creditors are willing to renegotiate terms with you if you're having trouble paying bills. Good candidates are gasoline companies, utility companies, hospitals and doctors. Gasoline cards are usually not reported to credit bureaus until you're 90 days late, and the others don't generally show up on credit reports unless the bills are sent to a collection agency. But you shouldn't just focus on these lenders - it's EXTREMELY IMPORTANT to A) CONTACT YOUR LENDERS EARLY and B) TELL THEM YOU INTEND TO PAY THEM BACK. Write a letter to your creditors describing your problem and requesting a reduced payment schedule. Then stick to your new schedule and do exactly as you promised to your creditors!

Add pertinent information to your credit file.Your credit report may be damaged as much by the information that is omitted as by the negative information that is found there. Creditors are not required to report information to a credit bureau. But you are entitled to add information that you feel will help your credit rating. If you are working, have gotten a raise, find that credit cards or student loans with good payment history are missing from your credit report, or have purchased a home, these are good and they should be on your credit report! So should circumstances outside of your control, such as a divorce, health problem, or job transfer.