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"How Do I Repair Bad Credit?"This article provides more in depth information about "how do I repair bad credit" and I hope it will help with your bad credit repair goal.
Step 1 is to get your credit report and analyze it.
First thing you should know is that you can get one free credit report per year.
You can get it here:
Online - www.annualcreditreport.com Toll Free Phone - 1-877-322-8228
Mail your completed Annual Free Credit Report Form to:
Be aware the credit bureaus are under no obligation to provide you with your credit score as well as your
credit report. If you want your credit score included you will have to pay a fee of around $6.
Credit reports are valid for up to one month, so when you get it you will have to move fast. If you get it
online, make sure to print it and keep a hard copy in a safe place, just in case you computer crashes.
What if I have already gotten my annual free report but need a new one?
In that case, you will have to pay for it. Three major credit bureaus will charge you up to $10, and if you
want your credit score included the fee will be up to $15 (prices can vary a little from bureau to bureau, and from the time this article is
written - but not much).
However, you can request your free report again within the year in some exceptions.
1. In case that within the period of the last two months you have been denied for: credit request,
insurance or job.
2. In case that based on the credit report provided by credit report you had to pay higher deposits,
rates or fees.
3. In case you can provide the proof that you have been a target of fraud.
4. In case that you receive welfare.
5. In case that you are currently unemployed but are willing to provide written certification that you
will actively seek job in the next two months.
In most of these cases, you will have to send a letter to the credit bureaus signed by you in which you state
these exceptions and request that your free credit report be issued to you again.
Credit reports are well known for their specific terms that are not easy to understand. With every credit
report, you should get an explanation with “keys” for each of these terms.
Take your time and make the effort of understanding it, seek additional explanation online or ask a friend or
relative that have some knowledge of the matter for help.
Inquiries explained
Each time that a copy of your credit report is requested it is noted by credit bureaus and it is noted in your
credit history. In case that you have many requests in a short time (it does not matter whether it was requested by you or lender), you will
have much harder time getting credit of any kind.
Lenders have very strict rules regarding how many credit inquiries are too much within a certain
period.
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