If you want to erase negative credit from your report, but thought it would be too difficult…you’re not alone. Each year, thousands of people spend literally millions of dollars on credit repair services or agencies because they simply assumed it would be too difficult to do it themselves.

Yet, despite what such services and agencies would have you believe, it’s very much possible for you to repair your credit yourself - and at no great cost. In fact, you may actually be able to do better than a traditional credit repair clinic because only you have the authority to add positive credit marks to your report over time (I’ll explain this better in a minute).

Here, in a nutshell, are the 3 major steps you can take to repair your credit history yourself:

1) Obtain A Copy Of Your Credit Report

According to the law, you are entitled to one free credit report every 12 months. There are two ways that you can request one from annualcreditreport.com; either fill out and return (to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281) their request form, or call them on 1-877-322-8228.

Once your request has been processed and your credit report has been mailed to you, spend some time thoroughly going through it and noting down anything that you don’t agree with. It’s far from uncommon for credit reports to include out-dated information or mistakes, and even completely false details.

2) Dispute Mistakes And Out-Dated Information

Write a simple dispute letter informing the credit bureaus of specific marks you wish to dispute. Try not to turn it into your life story - the shorter and more precise it is the better. You’ll also want to send with your letter copies of documents that support your claims. Once the credit reporting agency investigates, they will either be unable to verify and remove the negative credit mark. Or, they will verify the item.

3) Supplement Your Credit Report With Positive Information

This is where you can outshine and outperform even the most prominent credit repair services. You can add positive marks to your report over time. To build up a good recent credit history, you simply need to take out new credit cards or department store cards and pay them off in full at the end of every month. Every time you do this, you will be showing that you have changed your ways and are no longer a risk to money lenders.

I recommend finding a good credit repair program or guide and learn how you can erase negative credit from your report yourself, before deciding to hire a service blindly. It’s your credit history at stake, so take responsibility for it.

If you want to repair your credit, improve credit scores and actually build credit quickly, just go to http://www.creditbully.com for the latest strategies.

Technorati Tags: build credit, Credit, credit reports, improve credit scores, Personal Finance, Repair Your Credit

Tags: build credit, Credit, credit reports, improve credit scores, Personal Finance, Repair Your Credit

This entry was posted on Monday, October 12th, 2009 at 10:43 am and is filed under Credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.