Many people are in need of credit repair so they can boost their fico scores and get approved for financing much easier. Out of desperation many of these people turn to credit repairing companies that often promise fast clean up of their credit reports and huge jumps in credit scores.

These credit restoring firms often charge high up front or monthly installment fees that normally range from hundreds all the way up to thousands of dollars.They often justify these fees with claims of having insider connections at the credit bureaus, special software or that they know about little known laws that nobody else uses.

The sad facts are that a great majority of these so called credit fixing companies do nothing special that a properly educated consumer could not do themselves. Even the Federal Trade Commision issued a statement to consumers that they should clean up their credit themselves and be wary of these services.

The best way to go about fixing your own credit is to first get a copy of your credit report and make notes on which accounts are reporting incorrectly or negatively.

Write these accounts down and also note which bureaus are reporting that information, there are three of them and they all report differently. Next draft up a proper credit dispute letter and send it to the reporting bureau. The bureau will then contact the account issuer and ask them to prove the negative information is correct.

If they do not provide proof to the bureau within 30 days then under federal law the account must be removed and  can never be placed back on your credit report by that creditor.

There are many good self credit repair kits and credit repair software that can help you get the job done much faster. Many of thee its are available online for a low cost.

One Final Tip To Help Boost Your Credit

If you are unsure on how to go about doing Self Credit Repair then pick up a good book or guide on the subject. Many are available online for a small fee and will help you get yourself squared away much faster. The Credit Repair Guides I Recommend can be viewed at http://www.creditfix123.info

Article Source:http://www.articlesbase.com/credit-articles/credit-repair-tips-to-help-you-understand-bad-credit-rpair-1541800.html

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