Don't Take “No” For An Answer When It Comes to Your Credit!
It's almost the new
year, and here's some good news: It
is
possible to repair your own credit. The primary thing you must
recognize before setting out to do this on your own is what your
financial status looks like. Knowing specific details about your
debts will help you come up with a plan that you can make work. If
you are thinking of buying
a home in Broward County
anytime in the not-to-distant future, now is the time to ensure your
credit-worthiness!
Repairing your credit is important in
order to obtain future credit and loans. A good way to repair your
credit is to ensure that you pay all of your credit card bills on
time. Even only paying the minimum will help to show potential credit
lenders that you are credit worthy.
Be sure you review your credit report
for errors, because mistakes are commonly found. So you should check
all of the information you find in them. Should you find a mistake,
write to the credit agency and advise them of the mistake within 28
days of the report. They are mandated by law to assist you in
resolving any problem.
There are three national
credit-reporting agencies that count: EQUIFAX, TransUnion and
Experian. Keep in mind that different creditors often use different
agencies when reviewing loan applications, and some may even use more
than one. The information reported to the agencies may vary
significantly, therefore take time to thoroughly review them all.
Once you have contacted the credit
bureau agency and they have agreed to correct some of the errors from
your file, be sure to request a written confirmation from them
stating that they have agreed to review and correct the errors. It is
a very good idea to keep a record and to document communications made
with the bureau. This is for your protection.
You might consider consulting an
expert if you do not understand why there are errors on your report.
Don't wait to take action. It is your future buying power and ability
at stake!
Now that you have looked into your
financial situation and discovered what your plan will be, initiate
your plan of attack. Repairing credit is not an intimidating task if
you take it one step at a time and realize it will take patience and
will-power.
My name is Cheryl
Lopes and I, along
with my proven team of real estate professionals, want to be your
biggest advocate and 'one-stop' resource provider for all real estate
and related information. Let
me show you how to experience the wonderfully powerful results of
highly effective marketing today!