Debt Consolidation Credit Counseling In Phoenix

There isn't one person out there that has never experienced a bad credit mark. Yes, some people have a larger list of bad marks than others, every one of us is in one of just a few possible places with regard to bad credit marks. Your reports are either perfect / nearly perfect, or they need some help fast, or they are shot to hell, and credit is a thing of the past.

It doesn't matter where you fall in the list or how you got there, the bottom line is having the ability to remove these bad marks, your or not, is truly an asset. Even if your Mr./Mrs. Perfect you will someday be faced with at least an error on your report and knowing the steps to remove such an error is quite necessary.

When it comes to removing unwanted marks, there are no guarantees. However with a little knowledge and practice of some proven tactics you will be pleasantly surprised at what you can accomplish. Don't underestimate the power of improving your credit reports. The savings on interest over your life time can be in the millions.

The first thing you need to do is order all of your credit reports. This requires an online free credit report service or a written request to Experian, Trans-union and Equifax. So step 1 is simply order your reports. Step two is to go through them with a fine tooth comb and sort out the good credit from the bad credit. Once this is done your next objective is to challenge the accuracy of the mark. Common sense most be used in this step, consider the type of blemish and the likeliness of a favorable outcome.

Now again use your brain here, if the debt is large and unpaid and recent you will invariably get a response when challenging it and its also likely you will get a letter or phone call to resolve it. Welcome the opportunity to negotiate and pay the debt, and then re-challenge the mark. Creditors are less likely to respond when there's no money on the table.

Ideally you want your bad mark to be at a point where there is no reason for an office worker to get off their lazy butt and respond to the credit bureaus about your challenge. If $5,000 is on the line they may put down the hamburger and reply, if however it's a situation that's been settled or so old they don't have any information they may choose to finish their burger instead.

Once the debt, the late pay, etc., becomes paid or so old there's no one to benefit then it's extremely likely that the reporting company will likely not respond within the allotted time of 30 days.

*You can use a separate document noting the account, and account numbers or simply write directly on the report. Ask the bureau to remove the incorrect information as it's inaccurate and to please verify the inaccuracy and update you as to the results.

Credit repair can be a lot of fun, in fact in the coming years it can be an excellent service to provide to the community. If you get good at it you can make a lot of money helping others to remove unwanted, erroneous although sometimes truthful information from their credit reports.