Improve Your Credit Repair Rating in 3 Steps By Anthony Pace

If your credit score is bad it can adversely affect your life in so many ways that you will feel like you are in financial jail. Having decent credit is essential in today's society that is so interconnected by information that is freely available to anyone. With poor credit you'll find it difficult to get any type of financing, loans, car rentals and even certain jobs. There is hope, though. Here are three steps to improve your credit repair rating.

The first thing you need to do is get free copies of your reports from the major consumer reporting agencies: Equifax, Experian, and TransUnion. Carefully read each report and look for incomplete, inaccurate, or unverifiable information. A high percentage of all reports will have some mistakes. Take a marker and highlight all the derogatory marks then make 2 copies for yourself.

The second step to improve your credit repair rating is to write dispute letters to the credit reporting agencies and challenge any information that fits the category of incomplete, inaccurate, or unverifiable. You should send in a copy of your credit report with the highlighted questioned information. The agencies are now "on notice" and must reply to your dispute within a reasonable period of time, usually within 30-45 days.

By law, the reporting agencies must notify the creditor that reported the negative information to them. Often there will be times when the creditor does not even respond to the reporting agencies request for clarification of the questioned items. If the creditor does not investigate the matter and reply back to the reporting agencies within 30 days the negative mark must be removed from your credit report.

The third step to improve your credit repair rating is to "rinse and repeat" steps one and two over and over again until there are only marks on your credit report that are perfectly accurate. No one can erase derogatory marks on your credit report that are accurate. Only the passage of time will eventually eliminate this information from your reports. By clearing your report of questionable information you should begin to see a rise in your credit score within three to six months.

To learn more about credit repair rating and learn things related to credit repair, from an expert in the field, please visit: Credit Repair Service. For additional information visit: http://www.CreditRepairServiceAdvice.com

Article Source: http://EzineArticles.com/?expert=Anthony_Pace