Learn To Remove Charge Offs From Your Credit Report In Two Easy Steps
There are a ton of ways that you could wreck your credit score. The biggest thing that can bring down anyones credit score is a charge off. A charge off is equivalent to A PC's blue screen of death. Its something that everyone could live without.
I know this article may have started out a little on the dark side. I will need you to keep the faith, and I promise that there will be a pot of gold at the end of the rainbow. With that thought in mind please keep reading! You are just a few sentences away from discovering how to skyrocket your credit score through the roof. Keep that image planted in your minds eye and lets proceed to the first step... Shall we?
Before you can accomplish anything you must first have a copy of your credit reports in your hands. Take a moment and re-read that last sentence. Notice that I put an "s" at the end of the word reports. That's because you must have a copy of all three reports from all three credit bureau. Thanks to the Fair Credit Reporting Act every American is entitled to at least one free credit report per year. Personally I suggest that you check your credit biannually.
Let's cruise on to step number two. If all has gone well you should now have all three credit reports in your hands. It's time to check off all of the negative digs that you find on your credit report.
You will want to then write a detailed letter of dispute to each of the credit bureaus. Here is the catch and where most people make a mistake. When mailing your letters of dispute you MUST send the letters via certified mail.
You want to send your dispute letters certified mail because the receipt from the mail will be the only acceptable proof that you will have. Now the clock is ticking. The ball is rolling. The credit bureaus now have 30 days to investigate and respond back to you. If for whatever reason the credit bureaus should fail to do so by law they have to remove the negative mark from your credit report.
The average person fails to comprehend the importance of the strategy that I just explained. You could easily increase your credit score by over 100 points if you only removed one charge off. Do you want to save hundreds or maybe even thousands of dollars? How would you like to have more buying power? After all we could all use the extra buying power.
Now go old wise one and share your newly found credit repair information with the world. And together we can make it a better place for all. - 16931
I know this article may have started out a little on the dark side. I will need you to keep the faith, and I promise that there will be a pot of gold at the end of the rainbow. With that thought in mind please keep reading! You are just a few sentences away from discovering how to skyrocket your credit score through the roof. Keep that image planted in your minds eye and lets proceed to the first step... Shall we?
Before you can accomplish anything you must first have a copy of your credit reports in your hands. Take a moment and re-read that last sentence. Notice that I put an "s" at the end of the word reports. That's because you must have a copy of all three reports from all three credit bureau. Thanks to the Fair Credit Reporting Act every American is entitled to at least one free credit report per year. Personally I suggest that you check your credit biannually.
Let's cruise on to step number two. If all has gone well you should now have all three credit reports in your hands. It's time to check off all of the negative digs that you find on your credit report.
You will want to then write a detailed letter of dispute to each of the credit bureaus. Here is the catch and where most people make a mistake. When mailing your letters of dispute you MUST send the letters via certified mail.
You want to send your dispute letters certified mail because the receipt from the mail will be the only acceptable proof that you will have. Now the clock is ticking. The ball is rolling. The credit bureaus now have 30 days to investigate and respond back to you. If for whatever reason the credit bureaus should fail to do so by law they have to remove the negative mark from your credit report.
The average person fails to comprehend the importance of the strategy that I just explained. You could easily increase your credit score by over 100 points if you only removed one charge off. Do you want to save hundreds or maybe even thousands of dollars? How would you like to have more buying power? After all we could all use the extra buying power.
Now go old wise one and share your newly found credit repair information with the world. And together we can make it a better place for all. - 16931
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posted by Edgar at
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