The post below “DIY Credit Repair Tips” offers ways to assist you in cleaning up your bad credit report and achieve a positive credit score to help you secure a lower interest mortgage, personal loan…
If you are attempting to make a major purchase, such as a house or business…
Necessity for Credit worthiness
Lenders, insurance companies and employers routinely closely examine our credit score to assess our credit worthiness when deciding whether or not to approve loans, coverage, job offers or promotions.
With so much emphasis placed on our credit reports, it is crucial to ensure the information they contain reflects us as financially responsible individuals.
Wise Use of Credit – The 3-C’s of Credit Worthiness
(Click on Image Below to View Video…)
Direct Link: …the-wise-use-credit
DIY Credit Repair Tips
Credit repair is time consuming and requires a lot of patience.
However, with tenacity you can do it yourself.
With that said, below are some remedial steps to take to become credit worthy again…
The first thing you need to do is contact the three major credit reporting agencies Online or in writing and request a copy of your credit report.
The major credit reporting agencies are:
- Experian;
- Equifax; and
- TransUnion.
Federal Law states that everyone gets a free credit report from the above agencies, annually. Read more… www.ftc.gov
3-Bureau Credit Report
As each of those major reporting agencies have their own information about your credit, in order to get a comprehensive look at your credit report, you must request and examine reports from all three agencies.
You can opt to get a 3-Bureau Credit Report Online or contact the agencies in writing.
To request a free copy of your credit report in writing, include:
- Signed request letter;
- Copy of state identification card;
- Proof of your current address;
- List of previous addresses for the past 5 years; and
- A copy of your social security card.
Upon receipt of your credit report from the agencies contacted, take a good look over each report for accuracy and discrepancies.
FICO Advanced — Get 3-Bureau Credit Reports and FICO Scores
Do you know who invented the FICO Scoring system?
Watch “The History of FICO”
(Click Below to View Video…)
Direct link https://youtu.be/ks-8Gc2ocB0
Need to start a dispute? Download the FTC’s Do It Yourself Credit Repair Brochure.
Fraudulent activities should be reported to the “FTC” Federal Trade Commission immediately. Visit their website for contact information to start an investigation.
SaintinyCoaching.com: Helping you advance into abundance by successfully navigating self-imposed boundaries. Click Here to Contact Us for Services.
Stay well and safe!
DIY Credit Repair Tips Additional Resources
www.study.com/academy/lesson/three-cs-of-credit-character-capital-capacity
The Wise Use of Credit – Credit Card Debt Management
https://archive.org/details/podcast_staff-education-developmen_the-wise-use-credit-640x4_1000079918801
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