Wolf Pack Inc

May people thinking about beginning credit repair on their own, and then decide to hire a company to repair their credit for them.  Why?  Do it yourself credit repair can feel very overwhelming to those who have never done it before.  While it may seem complicated, the reality is that credit repair is simply making a plan and following through with it until you have reached your goal.

Review Your Credit Report

The first part of any credit restoration plan is to carefully review your credit report.  Take an honest look at where you are and how far you have to go.  Make note of anything that is inaccurate and anything negative that you find questionable.

Make a Plan of Action

A plan of action is critical to your success.  There are many different strategies that you can implement to repair your credit.  Here are just a few that you should consider including in your plan.

Credit Report Disputing – If you found errors or negative items that you question when reviewing your credit report, one of the most important things you can do is get them cleared up.  To do this, you will need to dispute the errors with each of the three credit bureaus.

Pay Down Debt –One of the best methods of fast credit repair is to pay down your revolving debt.  This lowers your credit utilization ratio, which accounts for 30% of your credit score.

Pay for Delete –Rather than simply paying off collection accounts, see if you can arrange a pay for delete.  This is where the company agrees to delete all negative history associated with an account in exchange for payment in full.

Debt Validation – If you have an account with a collection agency, make them prove to you that they are legally entitled to collect your account.  They will need to show you your original contract, as well as an agreement between them and the original creditor that gives them rights to the account.