Believe it or not, it is possible to repair your own credit. Do not pay attention to those commercials you see on television that tell you the only way to clear your credit report or raise your score is to use a professional company. Those companies are only out to make a profit off of you. Now, you might think that repairing your own credit is a complicated process, but it isn’t. It just takes some time and attention.The first step you need to take to repair your own credit is to get a copy of your current credit report from each of the three major credit reporting agencies, Equifax, Experian and TransUnion. You are, by law, allowed to get one free copy of your credit report from each of the three major reporting agencies per year. You can get your report in one of two ways, either by contacting each reporting agency individually (they each have websites) or by going to freecreditreport.com, which is endorsed by the federal government. At freecreditreport.com, you can get your reports from all three agencies at the same time. Most of these companies will allow you to access your reports for anywhere from a […]
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Your credit score is the most important number in your financial well being and it will last the rest of your life, so it is very important to have the highest score possible to save your self lots of disappointment and heart ache in the future. But if you already understand how important credit is and you have already been suffering from the “low credit score blues” then self credit repair is basically the only way you can repair your bad credit. As this is not that difficult to do, but you do have to make a conscientious effort to achieve your goal. And please do not look for an agency or company to repair your credit as self repair will the best solution, as long as you know what you are doing. Which will also require lots of discipline and certain tutorials and software may offer faster solution rather than figuring it out by your self. It will also require a lot of patience and determination in dealing with the credit bureaus. Credit repair is actually simple once you get the hang of it with it being a do-it-yourself […]
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With there being so many myths about fico score ratings that are just floating around and most of them are just outdated information. Even lenders can give you the wrong advice, which can get a little confusing. But the truth of the matter is that bad information can cost you money no matter where it comes from.Your Fico score ratings are used for most mortgage lending, car loans etc. Which means, you will need to know what will hurt or help your credit score. So to make it clear, here are some of the most common myths about your credit score.* You can lower your credit score, by checking your credit report.Remember that you can check your own credit report and credit score, as this counts as a soft inquiry and does not go against your credit rating. But, if anyone else like a lender or credit card company is checking your credit report, this is considered a hard inquiry and will generally knock off about 5 credit score points, which is drastic as every point is important.A typical credit score rating system treats multiple inquiries in a 14-day period as just one inquiry. The system ignores all […]
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