Published on February 21, 2014
Credit Repair 5 Ways to Spring Clean Your Credit Report
What are credit score based on?
#1- Do one scan for flat-out errors. By law a copy of your credit report must be provided to you once a year as well as anytime you are not approved for credit. Go to AnnualCreditReport.com and order your credit reports from all three reporting bureaus: Experian, Equifax and TransUnion. Look for accounts that aren’t yours, that have long been closed or otherwise are erroneously reported
#2- Do a scan for reporting inaccuracies Delinquencie s should age entirely off your report after 7 years bankruptcies after 10. In particular, you’re looking for things like: delinquencies that should have aged off balances listed as higher than they truly are limits listed as lower than they really are short sales/foreclosures that are improperly dated, among other things.
#3- Dispute report errors By law creditors must respond to disputes within 30 days. Follow the instructions on the reports to dispute such report errors immediately online on the phone and in writing.
#4- Pay the right things off BUT… …take care not to pay off accounts you need to show your responsible use of credit. • • • • accounts in collections state and federal tax liens past home loans or lines of credit in default that not extinguished through foreclosure (e.g., second loans, home equity lines of credit, etc.) defaulted federal student loans (for FHA loan applicants).
#5- Create a plan Real debt help is found only in changing your behavior. Analyze your income versus your debt. Create a budget and a timeline of how you will pay off your debt Take settlement offers IF… Consider taking care of the higher interest loans first
Resources Learnvest.com Frugalgirl.com Frugalliving.about.co m
Office of Business and Community Relations Initiative www.oswego.edu/about/centers/obcr.html
Home / Articles / Top 5 Ways to Spring Clean Your Credit. ... situations and identify ways to start ... simple steps to Spring cleaning your credit: ...
5 Ways to Spring Clean Your Credit Report ...
Clean up your credit report. Just as you regularly tidy and reorganize your closets and garage, you should make sure to clean up your credit ... 5. 6. 7. 8 ...
Tara-Nicholle Nelson ... 5 Ways to Spring Clean Your Credit Report (Buyer Prep)
How Do You Remove Debt Collections from Your Credit Report? ... How to Clean Up Even the Worst Credit Report Items. ... 5 Ways Your Bad Credit Score May Be ...
... Compuscan and Experian – to obtain your free credit report. ... 5 simple ways to ... Here are six practical & effective ways to spring clean your ...
Step 1 is to clean up your credit ... shape possible by spring. Pull your credit report. ... study found that 5% of credit reports contain errors ...
... Will It Sink Your Credit Score? SPECIAL REPORT: ... that exceed 10% of your adjusted gross income (or 7.5% if you’re ... 10 Ways to Waste Your Tax ...
From saving for college and budgeting your first paycheck to applying for insurance and ... 5 ways to score big on last ... Credit Score & Report $1.