What's the Easiest Way to Repair Bad Credit? (cont.)
Contributed by Melanie Vannuys
Go through your entire credit report and make a note of any and all discrepancies you find. When you're finished, and you'll have to do this separately for each error and for each credit bureau, contact the reporting bureau and let them know, "hey, this is false! " By law, they are required to investigate and either remove it or provide proof that it's right. It's a tedious process,and a very difficult one, but well worth it, especially if you have errors.
Why Bother With Repairing Bad Credit, Won't It Disappear Eventually Anyway?
Truthfully, yes, eventually your bad credit history will disappear. But depending on what state you live in, it could take from five to ten years. In the meantime, every time you try to apply for a credit card, car loan or mortgage, you're going to get slammed with bigger down payments and high interest rates.
If you have a shaky credit history because of one of the problems listed above, your best bet is to pay your debts as quickly as possible and do everything possible to avoid those pitfalls. But, if you have errors on your credit report, credit grantors don't know they are errors and will grant or not grant you credit based on the information they gather about you. Now, don't you think repairing your credit is a better idea then just letting the chips fall where they may?
