If you’re having problems with your credit, it’s probably because you’ve recently had some financial difficulties. Whether you lost your job or got a divorce, you may have fallen behind on your mortgage or credit cards and now you need to do some real estate credit repair. You may wonder how you can go about repairing your bad credit, but there are many different ways to do it. Some of the options you can use include:
Get a copy of your credit report. Before you begin credit repair, you need to see your report. There’s a form for people who get their reports each year, but you can get a report just once a year from a credit reporting agency. By getting a copy of your credit report, you’ll find out what your current score is and what areas you need to focus on fixing. You’ll also find out what areas need to be improved on and what you need to do in order to improve it.
Look over the items on your credit report that may cause you problems. For example, if you have judgments on your record because you failed to pay a bill, then this could cause you to have bad credit. Some judgments may have been lifted but you won’t know until you look at your credit report. When you see items on your report that may not affect your ability to get a loan, you can ignore them.
Contact the company that put the judgment on your record. This may require talking to legal experts or going to court, but it’s worth the effort. Many companies only realize that they have judgments on their credit reports when someone requests them, so don’t assume they have it if you get a copy of your credit report. Sometimes these companies are not actively monitoring their records, so this is a good time to go and check.
Once you have found the judgments, write and dispute them. You should also request documentation showing proof that you have paid the judgment. You may have to contact a county clerk in order to get this information, but it’s worth the effort to get it. In many cases, the creditor will send proof that you are legally unable to pay the debt.
Order another copy of your credit report. Usually, this is done when a creditor sends proof that you are in debt. This may be enough to start the process of removing the negative information from your credit report, but it doesn’t always work out. If you’re still having problems after this process, you may need to consider other options.
Another option for real estate credit repair is to hire a company to help you with the process. Credit repair companies are able to get more detailed information about why you’re having problems with your credit and how to fix them. Sometimes, credit repair companies can even fix problems with the way that you dispute negative items on your credit report.
The last option for real estate credit repair is to do it yourself. While there are several books, reports, and courses available for purchase that promise to help you repair your credit, they may not provide the details or focus on some of the things that you need to know. For this reason, it may be best to hire a credit repair service to help you. Credit repair services can provide detailed information on what steps to take and what to avoid in order to improve your credit. And since credit repair services usually charge a small fee, it’s a good investment.