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Understanding the Credit Repair Process

Most of us have a very poor understanding of the process of applying for credit. We tend to just go straight to the credit agencies and let them apply for our loan.

A variety of measures to improve your credit score

But the reality is that the credit agencies know far more about you than they do about your credit history. That is why you need to give them every piece of information they need, including any outstanding loans, pending debts or credit accounts that you may have.

If you are having problems with your credit score then you need to be aware that there are laws and ways in which you can legally request information from the credit bureaus. This is another reason that it is very important to monitor your credit score at least twice a year.

The three credit bureaus are Experian, Equifax and TransUnion. And they all have similar credit reports but some of these reports may have different timings.

Each of the three companies will use a variety of measures to improve your credit score. The type of repair work will vary depending on the nature of your credit card debt.

Need to get a copy of your credit score

Let’s start with the annual fee and what you can do if you find that they are not helping your credit score any longer. The three bureaus have different types of annual fees, but they generally run anywhere from $50 – $200.

So when checking out your credit report to make sure that there is an annual fee listed as this can signal that there is something wrong with your credit report. Also check to see how much is going to be charged for accessing your credit score.

The same thing applies if you find that you have errors on your credit report. You can stop the mistakes by contacting the credit agency and asking them to remove any negative entries on your credit report.

If you would like to put an end to all of your credit problems then you will need to get a copy of your credit score. You can get a free credit report from each of the three credit bureaus once a year.

Keep track of your credit score every month

Keep track of your credit score every month

You also need to make sure that all of your credit history has been reported accurately. You can request an annual report to make sure that all of your information is correct.

If you think that you may be struggling with credit problems then you need to ensure that you keep track of your credit score every month. The more you are able to monitor your credit score the better.

These three major credit repair agencies are authorized to give you free credit reports. You can request that your credit history is completely corrected if you think that your credit history is inaccurate.