naqueen zaire asked:


Credit bureau repair is necessary if you have poor credit and you plan on using a credit card or getting a loan in the future.  This is because every time a company inquires about your credit, it goes through these three credit bureaus.

Experian Transunion Equifax

It is with them that all finance companies like mortgage lenders, banks, auto loans credit cards or any other place that requires your credit requests your information.  Because of this, it is vital to make sure all of your credit information is accurate and up to date.

In many areas, it is mandatory that you have good credit just to get a decent apartment. Owners and management companies will run your credit to see if they will rent you the apartment. Just think, if your credit isn’t in good standing, where would you live?

To find out what score you are currently holding, you can get a free report at annualreport.com. They offer you one free credit report a year.  The only issue with this is we use our credit 24 hours a day 7 days a week.  If you get your credit in January of one year, you can’t get another one until January of the next year. In the meantime, many companies can be reporting false information on your credit.

Disputing Your Credit

After getting a copy of your report, you should go through each item on it.  Make sure that everything is reporting correctly. If there is something on your credit report that either never should have been there in the first place because the charge were not yours, or if a creditor does belong to you but they are reporting you late when you in fact paid them on time, you should dispute these reports. You do this by sending each credit bureau a letter stating what is wrong on your credit and why.

Repairing Your Credit

The credit bureaus do not just take your word for it, however. They will do their own investigation by contacting the creditors and allowing them to give their side of the story. If you have proof of payment, then they will reverse the situation. If they have proof, the charge will remain on your credit.

I will add that you should always keep all receipts regarding payments to creditors. More times than not, after receiving your payment, they will not bother to contact the credit bureaus informing them of the payment.  Even when a lawyer is involved for a judgment, they still don’t inform them of the payment. It almost always becomes your responsibility.

Credit bureau repair takes more than 45 days just for them to start contact the creditor. This does not include the time it takes if the creditor disputes what you are saying. You should allow for three to eight months, depending on how much needs to be taken off your credit. Therefore, if you feel you do not have the time, but you can spare the money, then you should outsource the job.

You can contact any number of credit repair companies that charge the least.