You want to make sure that as a consumer with credit issues that you follow the specific steps needed to restore your credit.
Observing these steps will ensure a boost in your score in no time.
The first thing you want to do is to get a credit report from each of the three major credit report bureaus (Equifax, Transunion and Experian).
You are entitled to a free copy yearly from each of the major credit report bureaus.
You can download those three reports instantly from annualcreditreport dot com.
Now that you have obtained the three credit reports from the three major credit bureaus, you are to review each of these reports carefully.
There are some items you might find in one credit report which you might not find in the other so it is important that you review each of the reports carefully.
You are to write out any negative items in the order of the most damaging on your credit report.
You are to watch out for new negative items on your credit report.
New negative items that are added have more effect on your credit score than the older ones.
So, keep in mind to deal with each of the negative items as they appear on your credit report.
You also want to watch out for items on your report that are not yours, errors made to your personal information and accounts which you have paid in full but still show a balance.
The next and important step is for you to send dispute letters to the bureau for each of the negative items you found on your report.
The law allows you to give a reason for dispute and the most popular and effective reason is the account 'is not mine'.
With this dispute reason, if the account could not be verified by the creditor when the credit bureaus send over their investigation, the account will have to be deleted.
Keep in mind that you can dispute about anything on your account.
Due to bad record keeping by the creditors, most accounts might not be verifiable so most negative items on credit accounts end up deleted.
Do not dispute multiple negative items on a dispute letter.
It will most likely be categorized as 'frivolous dispute'.
It is important that you deal with each of the negative item on your credit report one dispute letter a time.
Send your dispute letters by registered mail and keep records of every dispute letter the credit bureau receives.
With these records, you will be able to prove with specific dates when you sent your disputes letters and when the credit bureau receives your dispute letters.
Once your letters have been received by the credit bureau, they are obligated by the law to start investigating your cause for dispute.
You should know the outcome of the investigation in thirty days.
If your request is granted, you will receive an updated copy of your report showing that the corrections have been made.
If the account is verified and your request is not granted, you will have to dispute your account with your original creditor.