Many people ask a very insightful question. Is it really possible to do credit repair yourself?  The answer is a resounding YES!  In fact, thousands of people are doing it every day simply by knowing the basics of credit repair.

To help you with this process, here are the facts that you must know going into the process of fixing your credit yourself.

1. Everyone has a right to obtain a free copy of their credit each and every year.  Knowing this service is offered for free gives you an immediate jump start to getting your credit scores back in order.  Be sure to pull your credit every year to check for errors or discrepancies since these are two major areas where credit scores can be improved almost instantly.

2. Identify the problem areas on your credit.  Once you have your free credit report, then you should look it over and check for errors such as late payments that were actually made on time, balances that are incorrect, credit limits that are inaccurate, and accounts and collections showing balances that were actually paid off.  These should be your area of focus, and your credit report will give you the contact information to call the creditors and ask for corrections.

3. Realize that by law, the creditors have a maximum of 30 days to respond to your correspondence.  If they fail to respond to your request, they must remove that information from your credit report.

4. Make sure to keep good records of your credit repair process.  Keep track of anyone you speak to, when you sent out letters or faxes, and keep a calendar to keep track of important dates.  This is perhaps the biggest reason most people go to credit repair agencies, to keep good records.  However, you can do it yourself if your simply plan for it.

With these tips in mind, you are now better equipped to repair your credit yourself without spending time and money for someone to do it for you.  It’s as simple as getting a copy of your credit report, looking it over for problems, communicating with the creditors to get errors removed or reported accurately, and taking good records that you can always go back to.

Once again, it is definitely possible to do credit repair yourself, and you should get started immediately!

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