Where To Start With Credit Repair?
Fixing a credit report can be a long and tedious task for anybody to do. Most of the times you do not even find out about something being on your credit report until you are applying for a new home loan, car loan, or credit card. It always happens when you least expect it. Worst of all is that it could be a little bit embarrassing too. Most companies will pull a merged credit report from the three major companies and each account in question will say where its being reported. When you look at it you will be able to contact each bureau and start asking about each account.
The first place you should head to is the credit reporting companies themselves. Equifax is the biggest and most popular. You can bet that your creditor contacted them. You will need to purchase a credit report from them. On the report it will tell you what accounts are putting a negative mark on it. You might get lucky and only have to deal with Equifax because many companies only work with them.
The next place to try would be at My Fico. They created the fico score and work with all three reporting companies. There will be a fee involved to work with them as they are going to handle all of your accounts for you. After obtaining the account numbers they will inform you of who you need to pay to close or cancel out an account. After you pay the bill, My Fico will forward the info to Equifax, Experian, and Trans Union on your behalf.
If paying your outstanding bills in full is not going to work and you want them lowered then Lexington Law should be your next phone call. This is a law firm who specializes in helping people clean up their credit reports and also negotiate lower balances for their clients. The fees involved with working with them are higher than your other options but you might pay less in the long run with your debts. After the balances are cleared they will inform the credit bureaus of the closed accounts and your credit report will reflect the changes.
If you plan on cleaning up your credit report then take the time to start with the three companies above. Each can tell you a lot about what you need to do. The further down the list you go the more expensive it might be. With the end goal to clean up your credit it might sound costly now but paying higher rates on other things you want to buy might be costlier with bad credit.
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Tagged with: credit repair • credit report • equifax • Home Loan • lexington law • my fico
Filed under: Adverse Credit
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