DO YOU KNOW HOW TO REPAIR OR REBUILD CREDIT?
December 2, 2006 1:28pm CST
IM CURRENTLY A STUDENT AND I WORK PART TIME IVE HAD SOME UNPAID CREDIT CARDS IN THE PAST AND MY CREDIT IS SUFFERING FROM THAT .CAN YOU GIVE ME SOME TIPS AND TRICKS ON HOW TO REBUILD MY CREDIT.
6 Jul 08
If you will still have those two negative items on your credit report, even if they are paid in full, contact all 3 credit bureaus immediately about those 2 negative accounts. Tell them that those are the specific accounts that you are disputing and tell them that those accounts are wrong, that they are now paid in full. Make sure to include information on the accounts such as the account numbers and the name of the company. The three credit bureaus will have to investigate and they will find that you did in fact pay the accounts and they will change that on your credit report to showing that they are now paid in full. Whatever you do, do NOT bother contacting the accounts that you paid in full and asking them to report to the credit bureaus that you paid them. They will just jerk you around and say "oh well, it says in our records that we did report it" when in fact they don't. They got your money and they don't give a crap about the rest to take the time to report to the credit bureaus that you paid them. So you will have to contact the credit bureaus yourself and let them know that it is incorrect. If you don't know, the three credit bureaus are Equifax, TransUnion, and Experian. The phone number to TransUnion is 800-916-8800, Experian is 888-397-3742, and Equifax is 800-270-3435. It probably won't be enough to call them to dispute the information, but you can call and ask for their mailing address. Then you will need to type up a letter to each credit bureau to tell them you are disputing the errors on your credit report. To save you some time getting screwed around by the credit bureaus, I recommend you include with your dispute letter a copy of your driver's license, a copy of your social security card, and proof of your current residency such as a copy of your current utility bills with your name on it. Sorry if it sounded like I ever repeated myself, but I am just trying to save you some hastle in the long run. Because if you don't include all of those things along with the dispute letter right away, the credit bureaus will just screw you around and keep sending you letters requesting more information and it will just take a longer process and you keep having to repeat the information you already sent to them. If you haven't guessed, I have gone through this already. lol But the upside of this is, the sooner you get this done, the better, and if you have any credit cards or other accounts, just keep them up and try to keep as low of a balance as you can and keep paying. Your credit score will improve sometimes within 6 months or so.