Credit Repair and Credit Card Repair - What are the First Steps to Repairing My Own Credit History?
By: Ash Bowkett | Posted: 02nd February 2008
Credit repair agencies often say they can remove bad credit from your credit report, legally. This isn't true. No one can. Simply don't believe them. Do your own research.
The law entitles you to be able to ask for an investigation of information in your credit file to is considered to be inaccurate or incomplete, or misleading. This is a free service. Indeed anything a credit repair company can do for you, you can actually do for free or little to no charge yourself. So why not do it yourself?
The Fair Credit Reporting Act (FCRA) states that:
• You are entitled to get a free report if any company refuses you credit such as a loan, credit card, mortgage, etc. as long as you ask for the report within 60 days of the decision against you. If you are unemployed you are also allowed to apply for one free view of your credit report. This also applies if you are on welfare, or if because of fraud or ID theft your report is inaccurate.
• Each of the three national consumer reporting companies is required to provide you with a free copy of your report once every 12 months. These three companies are Equifax, Experian and TransUnion. You ca order your report from a central website by downloading this form ftc.gov/bcp/conline/edcams/credit/ and sending it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. The telephone number is: 1-877-322-8228. You may order one report from each of the three companies in the same application, for no charge.
• Also without charge, you can identify and dispute mistakes or out-of-date items in your report. Once more, under the FCRA, both the consumer reporting company and the information provider (that being the organization, company, or person that gives information about you to the consumer reporting company) have the responsibility to correct information in your credit report that is wrong or incomplete. Contact these companies to take full advantage of your rights under the FCRA law.
Once you have followed these simple but highly effective procedures you will be much the wiser about why you may not be getting the credit you deserve. And, even better, while a credit repair company might charge you, you can get these services at no charge if you make the enquiries yourself.
Good luck!
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Ashley Bowkett has been headhunting and recruiting quality personnel and working communications professionals alike for more than 5 years into the television industry. With expertise in television and media marketing both offline and online, Ashley simply loves to devise new and smart ways to squeeze every last percentage point out of the deal!
And as an almost full time internet marketer with unique expertise on marketing and doing business in and across China, Ashley seeks to address the concerns of entrepreneurial people of any age, from any background.
When Ashley isn't writing articles and setting up another international joint venture, he is a chief development director of a television network responsible for offices in New York and Beijing.
About the Author
Occupation: TV Network Programming Director
Ashley Bowkett has been writing professional copy for the purpose of business development for more than 4 years. With many hundreds of satisfied company clients from around the world as a result of his work, Ashley has developed his own brand of communications strategy.
Clients in government, multinational organizations and in the television media industry seek qualified, pro-active individuals to lead their business to new heights. Ashley aims to instill some of these leadership skills into people of all ages.
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