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DO IT YOURSELF CREDIT REPAIR!

These are items that your lender will not necessarily want you to know! After all, credit lenders these days are looking for every excuse to keep from giving out those low interest loans. Keep in mind, thier bottom-line is hurting right now!

HOWEVER, in order for you to get the loan you want, and to get the best interest rate, it is no secret that your credit score needs to be the best it can be, and your report may include unfair and/or inaccurate information that needs to be purged.

I have researched step by step what you can do today to immediately (at most 30 days) impact your credit scores for the better either temporarily or PERMANENTLY.

As you probably know, your credit score is important. it can cost you an average of $70,000 over the life of an average loan if your credit score is just 25 to 50 points lower! This is crazy but true! in order to raise your score you must first focus on the HISTORY of the score. When the history is removed, revised, then the score will follow.

A NOTE ABOUT BANKRUPTCY: Many firms will not hire people who have had bankruptcy, tax liens or judgements (all public record information) so think before you jump in to bankruptcy!

To begin repairing your credit, first obtain a copy of your credit report. You can obtain a free copy of your report at www.AnnualCreditReport.com and is free once a year. It can be mailed or sent via instant download. You will not see a credit score unless you pay. For more information about your score check out www.myFICO.com.

BE SURE you go to the exact site due to the fact there are many "phishing" sites out there that will take your information and sell it to crooks! Use the link or spell it correctly, double check! Here is what you do after you get there:

1. Enter your STATE and go through the steps.

2.Fill in the form that comes up and click the box that says "the report will only show the last four digits of your social security number"

3. Check-mark all three services to get a "combined report".

4. Answer the security questions on the next page.

5. Print out two copies of your credit report quickly so that the site does not time you out. You will use one copy as a work copy and one for your reference later.

6. At the end of the report there is a list by state of your rights. Write down the web address (URL) for future reference in case you later need to look something up.

7. If you are married, follow the same proceedures above for your spouse.

8. Examine and note all items you know to be incorrect AS WELL AS all the items you want to challenge. Keep in mind, if the credit bureaus can't verify the negative information, then it must be removed. If information is not removed on all three bureaus, then the bad information will be shared back to the other two, thus perpetuating the innacurate information, so be sure to cross reference it. Do not assume that by challenging it on one that the information will be gone from your report. The bureaus share information back and forth within themselves. This is why sometimes it is very difficult to get rid of negative information.

9. Download Dispute Forms, fill them out and send to the bureaus by certified mail. This leaves a DOCUMENTED "trail", and I have had quicker results from using this method. I am assuming the bureaus pay more attention to potential prima facia (written) documentation, however I have no real evidence of that. You can do the online disputing as well, it may get the ball rolling quicker, but by sending the information in hard copy I feel it sends a message and may speed up the total process.

10. When the responses come back, in approximately 30-60 days, and you are not satified with thier findings, do it again! Be persistant and document everything that you do. Some day you may be thankful you kept all the records. You have nothing to lose! Keep at 'em, they may slip-up and it will be to your favor!

Remember that you can also join, for a nominal membership fee, credit reporting companies that will allow you to pull as many credit reports for free that you would like. The advantage here is that you can view the information with all the agencies side by side

If you have an incident with a police report, a fraud alert should be initiated if it does not already show up in your report. If this is your case, check out www.consumer.gov/idtheft and www.ftc.gov/credit for more information.

CREDIT REPORT CODES

The Credit Report may contain some codes that you will need to interpret. Here are some of the most common ones:

Account Type :

I = Installment (monthly payments for a fixed amount, mortgage, automobile)

O = Open (entire amount due monthly, American Ezpress)

R = Revolving (variable payment amount, credit card)

Payment History:

0 = Approved, no rating

1 = Paid as Agreed

2 = 30+ days late

3 = 60+ days late

4 = 90+ days late

5 = 120+ days late

7 = Making regular payments under Work-Out Plan

8 = Repossesion

9 = Charged off as Bad Debt

General Terminology:

A = Authorized User

B = On behalf of another person

C = Co-Signer

I = Individual

J = Joint

M = Marker or Signatory

S = Shared

T = Terminated

U = Undesignated

This article is written only as a means of reference and in no way is representative of all the methods possible to bring your credit score up. There are very good companies that specialize in restoration of credit, and they utilize extensive and more complete actions that you alone are not fully able to perform on your own. Sometimes a paid attourney can do much more than you by yourself.

There is a "Do It Yourself" company which specializes in this field and sells a comprehensive course which takes you through the step by step methods of restoration of your credit. Included is all the information as well as all the forms. I highly recommend thier course, and thier fee is nominal. Check out URAble2.com for more information.

The "Big Guns" I have heard about is a law firm that specializes in credit repair. If you do not get the satisfaction you are seeking, consider using them. More information is also available at URAble2.com.

WARNING: There are "Look Alike" companies that mimic these legitamate companies, so be careful when web browsing. Verify you are going to the correct site before you give out any personal information!

I hope that this information has been hepful! Remember to call me with any questions! Thank You for visiting my site!

HIGHLIGHT REALTY

(561) 247-2377

6679 Lake Worth Road

Lake Worth, FL 33467