How to Fix Your Credit in 6 Months or Less

If your credit situation is less than ideal and you are trying to buy a home, you probably are interested in repairing your credit fast. While there are certainly things that you can do to quickly improve your credit situation, it is important that you have realistic expectations. If you have had a recent foreclosure or bankruptcy, it simply is not going to be possible to repair your credit quickly. However, if most of your recent bills have been paid on time and your problems are a bit older, there is quite a bit that you can do to improve your overall credit situation.

The first thing you will need to do is get a copy of your current credit report. It is a good idea to go ahead and pay for your score, because that is the only way you are going to truly understand how far you have to go.

Once you have your credit report, review it very carefully. The first step of credit repair is cleaning up any errors that are dragging your score down. You can also dispute legitimate negative accounts, as there are methods that you will want to use later that will require you to have done this. You will need to dispute these accounts immediately with the credit bureaus. It is best to do this via certified mail, return receipt requested. One important thing to note is that you do not want to dispute too many accounts at one time. Stick to no more than four accounts.

Once you have the results of your disputes, you will want to move on to the next step for any accounts that were not successfully removed from your credit report. Depending on who is currently servicing the accounts, you will want to go through the 623 method or the debt validation method. In both of these strategies, you are dealing directly with the account holder and requiring them to prove to you specific information regarding your account. If they cannot do this, they are not legally allowed to report to the credit bureaus.

If these methods are not successful in getting a negative account removed from your credit report, you will want to do a pay for delete. This is where the creditor agrees to remove an account from your credit file in exchange for you paying the account in full.

While you are working on credit repair, don't forget that paying down revolving debt is one of the best ways to improve your credit score.

To learn more about the strategies I use to clean my credit and how to stop repossession please visit us at CreditRepairCollege.com.

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