CREDIT REPAIR -- Step 2

There are 4 steps to follow when fixing your credit: Identify the problem, Notify the Credit Bureaus, Fix the Problem and Keep Records. All four steps are important, however, depending upon your specific credit situation; one step may be more significant than others. Understanding the basic information about each of the 4 steps will make your efforts to repair your credit much easier and significantly more successful.

Step 2: Notify the Credit Bureaus.

If you are suffering from either a mistake or a late payment, it is important to notify the credit bureaus about your concern. The creditors are responsible to accurately report your credit usage to the credit bureaus; however mistakes and errors are not uncommon, when this occurs, you need to contact the credit bureaus.

Send a certified letter to each of the three credit bureaus. Include your Name, Address, Social Security Number and the account information for those accounts in question. Inform the bureaus that there are mistakes that are represented on your credit report which you would like removed. In the event of a late payment, simply indicate that all payments were made on time. At this point the credit bureau has 30 days to investigate your claim. Due to the large number of reports each month it is not uncommon for a credit bureau to simply remove the negative items without a full investigation.