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It seems that the question of how to repair your credit has always been an issue of  great controversy. Self help is often promoted. However numerous credit companies who successfully serve consumers throughout the nation suggests that getting third party help is a viable option.

Let us leave aside gossip, rumors, and even statistics about successful credit repair businesses. Let’s look at the facts. It is certainly legal and possible to repair your own credit. Any one can do it given a bit of study.

But at the same time it’s also true that this matter often takes a lot of time and effort. Even though it’s certainly achievable, there are many who would rather hire a company simply because it saves them time and effort.

If you want to know how to repair your credit,  these five simple steps will show you how. Now that you can see the “how”, you will be better able to decide if you want to do it yourself or hire help.

OK let’s get started.

Step 1
Order your free credit reports. This is necessary as most of the time on learning how to repair your credit, and often the beginning of your journey it’s mistakes on your credit report causing your low credit score. Call 877-322-8228 or visit AnnualCreditReport dot com.

Step 2
Locate the mistakes in your credit report and set a plan to get them deleted. Here’s what you’re looking for - erroneous entries, closed accounts showing as open, accounts incorrectly reported as being turned over for collection, etc.

Step 3
Draft 3 dispute letters, one for each of the major credit bureaus. Do not dispute too many errors at once, or your letter will be labeled “frivolous” and be ignored. You can attach documentation if you have any (copies only). This could result in faster removal.

Step 4
Have positive items added to your report that will improve your credit history. Get them reported and entered. Have the on-time liquidation of loans and credit cards payments recorded. It’s a good idea to procure a secured credit card as this could improve your balance to credit limit ratio.

And if possible pay off debts, especially those credit cards that charge  ridiculously high rates of interest. Prioritize your payments so you pay off those debts first, which have the highest interest rate.

Step 5
But another good option is to just find a trustworthy and experienced credit repair agency as they are experienced in how to repair your credit. This will make your task much easier; all you need to know regarding how to repair your credit, is what company to choose.

A few tips are in order; avoid closing paid off credit card accounts; If your decision is to hire a credit repair service

beware of fraudulent companies; do your homework and find out about the company. You would be well advised to check with the Ethical Credit Repair Alliance, the “watchdog of credit repair companies.”