THE ULTIMATE GUIDE

Do-It-Yourself

Credit Repair

CREDIT SCORES

Learn Your Current Credit Score

DIY CREDIT REPAIR

Brush Up On The Rules of The

Game

Action #1

Take a few minutes and visit the Federal Trade Commission to brush up on my rights as a credit consumer.

Tip #1

You are also entitled by law to receive a free credit score report when you are turned down for credit within 60 days even if you have already been given your free report for that year.

CONSUMER CREDIT LAWS

Tip #2

Once per year, you can get free reports via AnnualCreditReport.com

DIY CREDIT FIX

Get Your Credit Report From The Big 3 Credit Reporting Bureaus

Action #2

• Experian• Equifax• TransUnion

TAKE ACTION TO IMPROVE YOUR CREDIT

Getting A Credit Report From Specialized Bureaus

* if you have specialized circumstances

Action #3

SPECIALIZED CREDIT REPORTS

Specialized Bureaus

Reports Notes

ChexSystems Report If you are having trouble opening a checking account

CLUE© Report It keeps a record of any car insurance claims and your insurance history

Judicial Judgments Report If you wish to get a reporting of any past judicial judgments and legal obligations

Residential History Consumer Report

A report of any delinquent utilities bills

CREDIT REPORTING BUREAUS

Tip #3

A NUMBER of services are available which will do all this for you for a small fee if you would like to avoid the hassle.

Our favorite recommendations can save you a lot of time and hassle, but they aren’t necessary to get the job done.

THE PROFESSIONAL OPTIONS

Fix Errors in Your Credit Report

CONSUMER CREDIT ERRORS

Make a List of Report Errors

Action #4

When you find errors, rank them, giving the most damaging significant errors which are dragging down your good credit, the highest priority.

MAKE A LIST

Dispute Your Errors, Individually

Action #5

IMPORTANT: Provide separate and complete information for each error you are disputing.

DISPUTING REPORT ERRORS

FREE RESOURCE

Want a sample dispute letter template you can use?

All the time saving checklists and a FREE sample letter is available on our blog here:

SAMPLE DISPUTE LETTER

https://www.reallybadcreditoffers.com/blog/the-ultimate-do-it-yourself-credit-repair-guide/

Tip #5

Make sure your letter:

• Clearly state that you are exercising your rights under the FCRA & whether you are requesting the item be corrected or deleted

CREDIT ITEM DISPUTES

Make sure your letter:

• Provides any documentation to support your disputed items

• Personalized (handwriting is best)• Details exactly why you are

disputing each item

CREDIT ITEM DISPUTES

How Fixing Errors in Your Report Works: The Rules

HOW DISPUTING ITEMS WORKS

The Rules

• The credit bureau is obligated when it receives a dispute, to research the record in dispute within a reasonable period of time unless it believes the dispute is frivolous.

HOW DISPUTING ITEMS WORKS

DIY CREDIT REPAIR

The Rules

• If the reporting bureau cannot verify a disputed item it must be

deleted!

Challenge Items In Your Report

HOW DISPUTING ITEMS WORKS

Challenge Items In Your Report* What to do if your 1st dispute is denied

Action #6

• Document your results• Prepare to send another round of

dispute letters to the bureaus. (with different reasons for disputing the accuracy of the item)

THE DISPUTE PROCESS

Tip #6Dispute for the reasons list below:

• Credit record Not Mine• Credit reported is wrong amount• Item included is wrong account

number

THE DISPUTE PROCESS

• Credit item last Activity Date incorrect

• Credit reflects incorrect balance• Incorrect status reported• Wrong High Credit Number

THE DIPUTE PROCESS

Reduce, Then Eliminate Your Debt

DEALING WITH DEBTS

Work To Eliminate Everything You Owe

Action #7

Be methodical, attack your debt day by day, and be proud of each little success you make to reduce your expenses or increase your income.

DEALING WITH DEBTS

Tip #7Checklist for creating rock solid PF:

• Assess your debt to income ratio, and set a goal

• Reduce debt interest rates and lower payments

DEALING WITH DEBTS

• Use services to renegotiate debt owed

• Reduce debt through debt consolidation

• Explore ways to increase your income

DEALING WITH DEBTS

Build a Perfect Credit History

BUILDING BETTER CREDIT

Look at Types of Credit Which Can Help Improve Your Credit

Score

Action #8

Borrowing responsibly as a means of achieving your credit goals… Powerful.

BUILDING BETTER CREDIT

Tip #8 Recommendations:Types of Credit Notes

Credit Cards No more than three, try to keep balances below 40% of credit limit

Home Loans Keep in mind debt to income rate when considering a mortgage

Auto Loans Consider debt to income factoring everything you owe, can help your credit rating if you have a limited borrowing history

Credit Lines If revolving, keep in mind your credit utilization rate

Student Loans Debt to income is a factor, the extended repayment periods if in good standing can help establish credit history

BUILDING BETTER CREDIT

Avoid The Pitfalls Which Cause Bad Credit

FINANCIAL MISTAKES TO AVOID

Avoid These Common Pitfalls:

Action #9

• Paying your bills late or after due dates• Spending more than you earn

FINANCIAL MISTAKES TO AVOID

• Accumulating too many credit lines• Carrying balances too high• Letting someone else use your credit• Forgetting to update your contact

information with lenders

FINANCIAL MISTAKES TO AVOID

Protect Your Credit For Life

HOW TO PROTECT YOUR CREDIT

Protect Your Credit From Identity Thieves & Fraud

Action #10

If you find yourself a victim of identity theft – DO NOT DELAY – call to inform your lenders immediately to close accounts and protect against further fraudulent spending.

HOW TO PROTECT YOUR CREDIT

Tip #8

Here are some of the top credit monitoring services:

• Identity Guard• LifeLock• Identity Force• Experian• TransUnion

HOW TO PROTECT YOUR CREDIT

Enjoy The Benefits Of Good Credit!

BENEFITS OF HIGHER SCORES

Good Credit Benefits:

• Reflects better for home rentals & leases to increase approval rates

• Approvals for specialty consumer cards• Less documentation required for

financing approval• No more bad credit hassles

BENEFITS OF HIGHER SCORES

Good Credit Benefits

• Can shop around to have lenders compete

• Approvals for store credit• Business credit seeding!

RAISE YOUR RATING & SHARE WITH USYOUR SUCCESS!

BENEFITS OF HIGHER SCORES

DIY CREDIT REPAIR

About ReallyBadCreditOffers.com

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We provide ‘tough love’ straight-talk about financing, credit and savings issues. Founded with a mission to give consumers the real world, actionable resources to rapidly whip their personal finances into shape.

Visit the website to learn more about the powerful resources available to help people struggling financially get back on track.

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Source: https://www.usa.gov/credit-reports