What To Do and What Not To Do When Performing Your Own Credit Repair If you have fairly recently been disapproved for a loan, or for a new credit card, you may be in need of credit repair. Being denied credit is often the result of a bad credit report, which can happen in two circumstances. You have either managed your credit poorly, which has reflected in your credit report; or your credit file has some erroneous items, thus negatively impacting your report. In either scenario, it is vital that you undertake credit repair as soon as possible. TO DO: Here is a strategy to help with your credit repair. You can do this on your own and can thus repair your credit for free. - Request a copy of your credit report from any one of the 3 credit bureaus. If this is your first request of the year, you will be given the report for free. - Once you have your report, examine it closely. You have to study all the entries and mark all those which are incorrect and which are damaging your credit worthiness. - After you have determined the wrong entries, you have to contact the credit reporting agencies and tell them to delete the erroneous entries from your report. - Even if there are some correct entries in your credit report, but these are negative in nature, you could still get them removed. If such time limit has passed, you should write to the credit bureaus to delete the negative items from your report. - Ensure that all your correspondence with the credit companies and agencies is through registered mail. This way, you have proof of your requests and also when exactly you initiated the process of your credit repair. Keeping a record will also help you in case any deleted entry is re-included in your report anytime in the future. - Within 30 days, some action should have been taken regarding the wrong items on your report. If the credit bureaus determine that the entries were in fact wrong, they will remove it from your report, thus bringing about the credit repair that you were after. In case the matter is not resolved to your satisfaction, you should continue challenging the items on your report till such time that credit repair has indeed occurred. NOT TO DO: People whose credit report is very low or who have a bad credit report often try desperate means to repair credit and thus end up hurting their credit even more. A lot of the information available on credit score repair and credit report repair tells you what to do to restore good credit. We will tell you about some of the things that you should NOT do in order to repair bad credit. File Segregation: Many credit repair companies lure people with the false promises of bad credit repair by telling them that they can create a new credit file for them by issuing them a new identity. Thus, no matter what any credit repair company tells you - things like you will not be able to get any loans or even a credit card for the next few years, or that you will not be able to get a job etc; under no circumstances should you agree to the process of file segregation to repair bad credit. Deleting accurate information from credit report: Some credit repair agencies make claims to people that they can repair credit by getting accurate information of a negative nature deleted from their credit reports, thus improving their credit rating. Thus, you should not trust anyone who tells you that they can repair bad credit by removing negative items from your credit report. Advance Payments: No credit repair agency is legally allowed to ask for advance payments. Thus, you should NOT be taken in by any company who wants high advance payments. The professionals at CambridgeCreditRepair.com can help you better understand your credit score. Enroll in one of their coaching programs to improve your score. Even if you don't live in [city], [state] you can call toll free 844-207-3818 in order to get started increasing your credit score and fixing your credit report.
Operation Care, Inc. is a group of Dave Ramsey trained Financial Coaches and Counselors in various cities around the United States. Operation Care is a for profit corporation incorporated in the state of Wyoming and operating under the laws of the state of Wyoming. The president and founder of Operation Care, Inc. is bestselling author Daniel Blakeslee. In May of 2002, while serving as a college professor in the midwest, Daniel founded Operation Care to help others succeed at life and win with people and money. He began leading Dave Ramsey’s Financial Peace University (FPU) and counseling people about their finances. He later graduated from Ramsey Solution’s Financial Coaching Masters Series*. Daniel was personally taught by Dave Ramsey and his team of financial coaching experts. After leading hundreds of people through FPU and coaching and counseling many of them, he realized that many of his clients needed help repairing their credit report and restoring their FICO score. Even after using the Debt Snowball and working with a budget, many of Daniel’s clients had security clearances that required them to have a clean or respectable credit report. Although he agrees with Dave Ramsey that some people can fix their own credit reports, he found that too many gave up trying or cried out for help in frustration. He launched his credit repair firm alongside his financial coaching practice to offer ethical, honest credit repair services as part of his counseling. He recognized the need for credit repair services for individuals at every income level. Daniel and his coaches are here to help; whether it is disputing information with the credit bureaus, offering financial coaching, interacting with creditors to get clients some debt relief or running interference with debt collectors. Daniel Blakeslee is a Ramsey Solutions Master Financial Coach and Certified Personal Finance Counselor, he is a member of the Group, Dave Ramsey Certified Counselors. He has also completed Dave Ramsey‘s Financial Coach Master Series Training. *Completion of this training does not make him an employee or agent of Dave Ramsey, nor give him the right to speak for or bind Dave Ramsey, nor constitute an endorsement by Dave Ramsey or Ramsey Solutions.
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