Instant Credit Repair for Dummies

Everybody in the era we live in wants to have a better carefree life with all luxuries in it. A bad credit can create turmoil in way of life we desire. Getting it back needs instant credit repair so we can get back to our normal no tension life. And since most of us do credit repair first time in our lives, instant credit repair for dummies is what is described in this post.
In today’s post I will discuss some fast credit repair techniques and will also discuss some very common mistakes which can be avoided if given a little care. Don’t take it as a discouragement but every situation is unique and we can’t say that how fast can a credit can be repaired, but given that these techniques are applied; your credit will be repaired in the shortest possible time relative to your unique situation.
There are number of factors which are required to be taken into account, like your present financial situation, the time lapsed when damage was done and top of all your own personal efforts, the great thing about all the situation is that there is no requirement to be worried, the hope is there to hang on to. Let’s begin:


1. When you have bad credit score and have many credit accounts, don’t try closing or disputing them. There may be some blemishes but keep them open as open accounts build your credit history which eventually helps bringing your credit score to a better position. Just try keeping the payments on time unless these open accounts make a lot of hassle for you.

2. If you want to take a dispute with the bureau don’t make the mistake of taking premade dispute letters from the internet, just write in your own words what is your dispute and what really you want to say. Copying dispute letters from the internet is what make it look like that you are not disputing legitimate. This can make your dispute dismissed without due consideration. While writing your dispute just write naturally without using any financial technical lingo like trade lines and revolving accounts.

3. Frivolous is a term used by the bureau when dismissing a dispute for an old debt which was not verified but is there in the report to make your score bad. The old debt which was not verified and you go dispute them for improving your score can just hurt you as much as it can favour you. Once verified the old debt can actually start bothering you more because by disputing and getting it verified you have acknowledged it and then it becomes an obligation to clear by paying it.


4. You need to know your rights as a customer when dealing with the debt collectors and credit companies. These are the entities who can legally remove negative items from your credit report. Negotiating well with them can actually favor you a lot then getting into a dispute with bureau. Here is where natural guts come, you need to be tactful in dealing with them and remember to know your rights well.

5. While improving a bad score, you need to keep your balances within 30% of the limit you have in your credit card or other revolving debts. As soon as your credit company reports your balance within the limit of 30%, you will see an instant increase in your score.

6. You should get any inaccuracies corrected as soon as possible and you will find the creditors to be very quick in responding to correcting them. Since they want to keep their reputations excellent and do not want any law suits, they will respond to you quickly, just remember to enclose any documentary evidence if you have if not just write and send it to bureau or the furnisher (creditor) whichever is the case.

7. Some debt collectors have been known to use some dirty tactics such as making duplicated accounts that may have different account numbers. You need to check for other mistakes too like your name, address and rest of the personal information.

8. While some experts recommend getting free annual reports, don’t do it unless you are totally broke. Because free reports are prone to a time bar which increases the chances of reinvestigation, for instance in case of a dispute, from 30 days to 45 days. You wouldn’t want credit bureaus and furnishers this opportunity.

9. And if you want an instant 35 percent increase in your credit score you need to start paying your installments and bills on time. This is certainly the best instant credit repairing and making your credit score better aspect. One missed payment can decrease your credit score down to 100 points.

The process of instant credit repair especially for dummies can be of varying time period; you just need to be patience and need to keep putting in your efforts for desirable results.

Wise spending!

Zane