Credit Report Repair 

Are you one of the tens of thousands of individuals that are seeking to repair your credit report?  If so let us help you decide if you need to seek credit report repair specialists, or if you are in a position to repair your credit report on your own. 

You've got a copy of your credit report, now what?  Here are some tips and advice if you plan on going solo with your credit report repair.

What you need to know first.

Not all the items on your credit report hold the same weight.  Certain debts fall into categories that make it difficult to eliminate them.  It used to be that if your credit reports clearly showed you were having problems paying your bills, you would be able to file for bankruptcy and your bills would simply disappear.  Not anymore. 

If your credit report repair starts with you having to decide what to pay and what to let go into bankruptcy, here are some ideas of what you'll want to pay first and what can wait.

1. Pay your taxes.  If you owe the Federal or State government taxes and it appears on your credit report chances are they are in the process of taking action towards you.  You'll need to contact them immediately and start some kind of payment plan.  It is extremely difficult to ever eliminate debt owed to the IRS, but the longer you wait to contact them the more debt they'll add.

2. Pay off secured debt.  If you have debt on your home or vehicle and you need those items, you'll want to work with those companies to right any missed or late payments.  If you default on your secured debt/loans, the banks and lending institutions WILL take away your property. 

3. Pay your credit cards.  If you can arrange reasonable payments with your credit card companies, do so.  Be sure to close your account immediately though, so they can't increase your interest rate at will.

When you get your credit report and are preparing to repair your credit, be very through.  Any item you find on your credit report that doesn't belong needs to be reported to the credit agencies.  Items you may find on your credit report that don't belong are accounts that are paid off, or ones that never existed to begin with.  When you contact the credit agencies, explain you are currently repairing your credit report and be specific about any discrepancies you've found.  It is also very helpful to include copies of any supporting evidence you may have to back up your claim. 

If you find yourself unable to take these steps on your own, or simply don't have the time to repair your credit report on your own there are credit report repair specialists out there that can help.  In cases that the amount of debt on your credit report is simply unplayable, you will likely need to seek the advice of a legal expert.  Although bankruptcy laws have gotten tougher and require those filing to seek debt counseling and other such nonsense, it can still be done.  It is important to remember that sometimes extreme measures must be taken to clear your credit and thoroughly repair your credit report. 

Whether you decide on repairing your credit report on your own or seeking the counsel of credit report repair specialist, we're sure you'll be pleased with the end result.