A Simple Credit Repair Method To Fix Your Own Credit Scores

IMPORTANT: There is one company that is above all others and highly recommended. Lexington Law is reliable and costs much LESS than you think. They provide top notch service with excellent results. I need to fix my credit fast! If you have ever been turned down for a loan or even insurance that you needed very badly then you have more then likely uttered these words to yourself. But you are probably very confused and clueless about what's involved in fixing your credit.

When it comes to fixing your credit you basically have two choices and they are doing it yourself or using paid credit repair service. Personally I prefer the DIY method but some people do not have the time or desire to do it themselves. If this is the case the only paid service I would recommend to you would be Lexington Law as they are effective, honest and have a proven record of success. The first thing that needs to be done before you can start to improve your credit is find out exactly why your FICO scores are low.

The only way that you can do this is to get a copy of your credit report and review it for errors and negative information that will cause your credit scores to drop. When looking over your credit report you want to look first for errors. Errors on your report are accounts that have information that is not accurate. It could be that a late payment is recorded when there never was a late payment, or even the limit is showing wrong and the report thinks that your balance is way over your limit.

Derogatory information is information that is negative in nature and true. This information is often late payments, charged of accounts, collections, judgments and bankruptcies. All of these will pull your credit score down fast. What Do I Do after I Find These Accounts, First make a list of these accounts so they are separated from your good accounts. Make sure that you arrange these accounts so that the oldest account is listed first and the newest is listed last.

Next You will need to write a credit dispute letter for the first two accounts to each credit bureau that is reporting negative information on this account. This is important because there are three bureaus and they all report differently so you want to make sure that you are not sending a dispute letter to a bureau that is not reporting negatively about you! If you are confused by this, most self credit repair kits cover this process quite well so having one will help you tremendously.

What Is On a Credit Dispute Letter and Why am I Writing It, This letter is basically telling the bureaus that you do not agree with the information they are reporting. The credit dispute letter that you are writing should have your account number, your name, address and social security number.

You also need to state the reason you do not agree with the account information. How Will a Letter Help Me Repair my Credit, Once your letter is received the bureaus under Federal Law must investigate this information with the original lender. If the original lender does not or will not provide proof of the information then the bureaus must remove the item. Once the negative item is removed from your report your scores should increase and your credit should be fixed a little bit.

Sometimes I think I can be like a little kid that always has to question everything. Why this or why that, The credit bureaus are like the parents with the annoying answer - "Because I said so". My "why" thought was this: Credit bureaus are not government agencies, no, they are privately owned and publicly traded companies.

Your social security number is only supposed to be given to state Departments of Motor Vehicles (don't get me started on that one!), tax authorities (yeah, don't get me started on that one either), welfare offices and other governmental agencies. So, why do they get to have access to my personal, private, sensitive, protected information, 1. Social Security Numbers can only be issued to federal "employees" for use only in the performance of their official duties.

See 20 CFR §422.104. 2. The Social Security Number is the property of the government and not you. Therefore, it can't be "yours" unless you are a public officer on official business. 3. The SSN is issued to the federal "public officer" and not to the man, and then only while he is an agent of the federal government. 4. Anyone who uses a Social Security Number who is NOT a federal employee acting on official commercial, government business is guilty of impersonating a federal "employee", which is a crime.



See 18 U.S.C. §912. 5. You can only use it in connection with a "public purpose", and not a private purpose. It is illegal and a crime to use or abuse the SSN for a private or personal use. This is called embezzlement or conversion, and it is a criminal violation of 18 U.S.C.