Sunday, January 15, 2012
My $2.99 eBook on free credit repair is designed to debunk that myth. It takes only four simple steps to fix bad credit for free, and if you can read and write a letter, there's no need to pay anyone for credit repair.
Obviously, you need a computer internet connection to order your free annual credit reports. Once you get them, it's a matter of reading them and finding things to dispute. Then you write your letter, and you don't even have to do it from scratch. My eBook has as example, and you can find many others online. Mail the letters, wait for the results. and repeat the process once a year by reordering and checking your free annual credit reports every 12 months.
Really. That's all it takes to repair bad credit for free yourself.
Wednesday, January 11, 2012
Paid credit repair companies often make extravagant claims. They promise everything from erasing every bad item from your credit reports to creating entirely new reports. None of this is legal, and it's usually not possible to do permanently even if they use illegal methods. You can even get in trouble legally and with the IRS if you go along with some of their methods for getting a new credit identity.
The worst part of unscrupulous credit repair companies who promise to fix bad credit for a price is that they often demand money up front. That's illegal, according to the Federal Trade Commission. Legitimate companies must repair your credit first, then bills you. Sure, companies that want up-front pay might give you a money-back guarantee, but promises are worthless when you try to get your money back and the company disappears. My $2.99 eBook tells you how to fix your own bad credit for free. There's no need to pay for credit repair and run the risk of dealing with a scammer. Buy the book for Kindle and do the job yourself. All you'll pay for his postage, and your credit repair will be done the proper, legal way.
Sunday, January 8, 2012
Only one website, www.annualcreditreport.com, truly offers free credit reports with no catches or requirements. Other websites that offer free reports want to sell you something or sign you up for memberships. The real site is mandated by federal law, and the three credit bureaus have to give you free credit report copies through it without forcing you to sign up or order anything else.
How can you tell if you're at the right website? You should always use the URL www.annualcreditreport.com. If you accidentally visited another website, one big clue is that it will likely ask you for a credit card number and expiration date for the required order or trial membership. Your card will be billed for whatever the site made you buy, or you'll rack up monthly charges when the trial membership is over. The real free annual credit report website doesn't make you enter a credit card number because it's not selling you anything. It will make you verify your identity through your Social Security Number and verification questions.
My Kindle book on free credit repair tells more about ordering and using your free credit reports to fix bad credit. Repair your credit for free at least once a year by getting and checking your free credit reports and using them to dispute bad items.
Saturday, January 7, 2012
You guarantee secured credit cards by making a bank deposit. The issuer makes your credit line the same as your deposit, with the right to seize the money if you default. This guarantee makes secured credit cards accessible even if your credit is very bad. Make sure you get your secured card from a bank that reports it to TransUnion, Experian, and Equifax. It won't help if your payment history doesn't go on your credit reports. Get your free annual credit reports to make sure your secured accounts are there. As you pay them regularly, your good credit builds and opens up possibilities for unsecured credit lines.
Friday, January 6, 2012
No, they don't.
As scary as it sounds, the credit bureaus add information to your credit reports continually without ever verifying it. No law requires to them check out information before they add it to your credit records. Your only protection comes from your right to free annual credit reports and your ability to dispute things on those credit reports. That's why it's so important to check your records regularly and fix bad credit caused by mistakes. Under the Fair Credit Reporting Act (FCRA), the credit bureaus have to take action once you notify them of errors with a credit report dispute. My credit repair ebook for Kindle explains much more about this process for only $2.99 (free to Amazon Prime members).
Wednesday, January 4, 2012
Fortunately, most bad credit entries on your credit reports can only appear for a limited time. The vast majority of negatives, like late payments, defaults, charge-offs, judgments, collection agency accounts, repossessions, and foreclosures get removed automatically after seven years. Bankruptcy stays on your credit reports between seven and ten years.
When checking your free annual credit reports, don't just look for mistakes in the individual items. Look for anything over seven years old and dispute the old negative items. Getting rid of them gives you an immediate benefit. Learn more about credit repair for only $2.99 with my comprehensive eBook (free to Amazon Prime members).
Tuesday, January 3, 2012
You can sometimes fix bad credit that involves charge-offs and collection accounts by finding disputable mistakes. Debt collectors sometimes buy large portfolios of bad debt accounts for pennies on the dollar. They don't have proper documentation, so the credit report entry has some sort of mistake. You can challenge it, and the collection agency won't have the proper information to validate it. Now your credit is repaired, at least partially, because the collection account is erased for lack of validation. This process is covered in depth, with easy to follow steps, in my $2.99 Kindle book on free credit repair (the book is free to Amazon Prime members).
The original account is trickier, but it's not impossible that you'll someday find a wrong date, amount, spelling, or something else in the charge-off entry that gives you the right to legally file a dispute. Remember, disputes are free, and you're entitled to free annual credit reports, so it never hurts to check. Read my book if you're not sure how to fix your credit for free yourself.