how to repair bankruptcy

It really is not that difficult to figure out how to repair your credit. The obvious first place to start is with your credit report. If you haven’t already gotten one this year, you can get your free credit report at annualcreditreport.com. Or you could simply go ahead and apply for the loan you are seeking. If you get turned down, your loan officer can give you a copy of your credit report and help you identify the items on your credit report that are causing the denial. Your loan officer may also be a great resource for figuring out how to repair your credit.

Once you have your credit report in hand and you have identified the information on the report that is erroneous and/or inaccurate, you need to start writing your credit dispute letters on those accounts. It would be nice if it were just a simple matter of calling the credit reporting agencies and telling them to remove this inaccurate data from your report, but it is not that easy. Instead, the first step is to find a sample credit repair letter that will get the attention of the credit reporting agency. You can certainly write your own letter. However, that does run you the risk of doing it wrong. Sample credit repair letter templates exist all over the web, and from what I’ve seen of them, there are many that will work great. Just review a few and choose the one that seems the best to you, or one you found on a site you trust.

Next you will need to insert into the credit letters the data from each account you wish to dispute. You get the data from the credit report(s) that you have. If you have to dispute the same thing with three different credit reporting agencies, make sure you make three different versions of the credit dispute letter, each addressed to a different bureau. The data that you need to put into the credit repair letters is just the name of the creditor and the account number. If you have any additional evidence to support why the data on the credit report is erroneous, be sure to include that too. This is not required, but it can help.

After you have written up all the credit dispute letters (if you have a lot to dispute, you should set aside plenty of time to do this), you will need to create an “ID” page. The Identification Page should include very clear photocopies of the following three items: your current driver’s license with your correct address, your social security card, and a utility bill for your current residence. It is very important that all the addresses are the same, and are current. The reason for the ID page is simple. The credit bureaus need to be assured that it is definitely you sending the credit dispute letters. The credit bureaus are always looking for ways to throw out your letter if they can consider it to be frivolous, so be sure you don’t give them any excuse to throw out your letters.

You will include an ID page with every letter. You should be able to find the addresses of the different credit reporting agencies on the credit report that you have. Your letters should be in a business letter format with your name and address as the header and the recipient’s name and address on the left hand side below the header. Also, you should include your social security number underneath your name and signature. Make sure you sign all the letters and get them in the mail promptly.

Credit repair is really not a difficult process. It’s just a matter of finding the time to do it. It is sort of like changing the oil in your car. There is nothing difficult about it and anyone could do it on their own if they had the time and the right tools. Most people don’t really want to mess with it though so they look for a different way to get the job done. It’s exactly the same with credit. But the problem with credit repair companies is that, whereas an oil change costs $29.95, most credit repair companies charge several hundred dollars for their service. If you pay a thousand dollars for credit repair, they should be giving you a gold plated credit report in return. But that is not going to happen. Credit repair companies cannot get anything off your credit report that you couldn’t get off yourself by doing the same thing they would do: sending out those credit dispute letters.

Matthew Wierzbinski is the owner of http://CreditBlossom.com, which offers both written and video instructions on how to repair your own credit. It also offers the public free use of its amazing credit repair letter generating tool, the free and easy Credit Repair Letter Wiz, which can be found at http://creditblossom.com/Content/LetterGeneratingTool.aspx.

How To Repair Credit After Bankruptcy?

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