Credit Report Score Tips
One of the biggest things that hold people back from getting their financial affairs in order is credit. Either they were extended too much credit and over did it or they can’t get any at all. There is a solution. It is not quick and it is not easy. Anyone offering to fix it for you with a “Pay It Now” button is probably lying to you. Yes, there are many services that you can pay to scrub your report. But chances are that a lot will be missed. You will probably also pay quite a bit in fees to have it done. Who knows your credit history and circumstances better than you? They may know loop holes that you don’t, that’s true. So to help you out I’m sharing with you my cleaning up credit report score tips.
How to scrub your credit report
Once you’ve received your reports, start to scan over them for errors. The smaller errors need to be fixed but will not make much of an impact. Misspellings, wrong addresses, and wrong general information should be fixed somewhere along the line to make sure that you have the most accurate credit score possible. The larger areas to focus on are loan inquires that you did not authorize, accounts that are not yours, late payments that were made on time, and collection attempts that did not reach you. If you find something that is inaccurate you will need to file a dispute. If it is wrong in all three reports you will need to file with each report individually.
When you’re ready to dispute errors on your credit report here are some tips:
First, be very clear as to what it is that you’re disputing. Who, what, when, where, and why are questions that you need to address with each error. Make sure that you were as clear as can be as to why you believe there has been a mistake. Include all evidence that you might have to prove that the error is an error. Highlight, underline, and circle anything that you think they really need to see. Be sure to make copies of everything for your own records.
Second, make sure you’re filling out the right forms. The FTC has a sample letter you can use to explain your dispute (https://www.consumer.ftc.gov/articles/0384-sample-letter-disputing-errors-your-credit-report). Equifax and TransUnion also require you to submit their dispute form with your letter. Give yourself enough time to make sure that you will hear back in a timely manner. Do not wait to the last minute to send things in. It can take a while for agencies to respond to claims and you do not want that time lapse to work against you.
This is an overwhelming task to take on yourself and is probably why many people do it. But you can be the CEO of your own home and take back your financial freedom. Do not be intimidated away from getting in there and fixing the problem. It can be done and it should be done. There is no reason that anyone but you should be in charge of your credit score.
Read part 1 of Angie’s Living on $30,000 Best Frugal Tips on Thriving and (not just surviving) on $30,000 a year!
Part 2 – Basic Home Budgeting
Part 4 – How to Not Spend Money
Part 6 – Money Management Skill
Part 7 – Why Couples Should Talk About Money?
I am a stay at home mom and happily married to my husband Tom. I have a five year old daughter and a two and a half year old son. I grew up in Orlando, but went to school in New York City and lived in Los Angeles before moving home to raise a family. I have worked in the film industry since the early nineties, and for over a decade with the Florida Film Festival. I also spent many years working in marketing with Glaceau and Honest Tea. But, I am happiest at home building my family.
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