The ultimate goal of credit repair is to be able to qualify for all types of consumer credit with the best financing terms and the only way to accomplish this task is by using credit repair techniques that are effective.
In this article I will go over a few effective credit repair techniques.
The first effective repair technique I want to go over is establishing new credit accounts. Some people don't regard this as credit repair but the truth of the matter and a little known secret is the fact that you cannot fix a poor rating without re-establishing new credit accounts.
A significant amount of what goes into calculating your credit scores is based on accounts that are current and in good standing and the only way to have these on your report is to re-establish new ones.
Your credit report also contains a lot of personal information about you such as your most recent address and employment address. Make sure all this information is up to date and accurate...No one knows the exact criteria the agencies are looking for so you want to make sure there is not any inaccurate data reporting on your file.
The same goes for revolving and installment credit accounts such as credit cards and personal loans, if you are not familiar with them, you want to dispute them to have them deleted ASAP!
Negative revolving and installment accounts that you have not made payments on in seven years should also be deleted from your account according to the law. But remember that the credit bureaus don't always do this automatically so you need to act!
Visit do-it-yourself-credit repair or credit repair services to learn more on raising your credit score 200+ points to get approved for car, home and credit card loans.
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