Credit Dispute Letters: A Practical Guide
If you just got off a telephone call with your loan officer and you were turned down, your head might be spinning because you are wondering what in the world they were talking about when they said: “You have to do credit repair. It is easy. You just compose credit dispute letters to the credit reporting agencies and dispute the negative items on your credit report.” Uh… ok. How do I puzzle that out – Is that your next question? If your loan officer really wants to help you, she will also help you figure out the credit repair letters.
I assume most loan officers would like to help, but the pain of writing all the letters is a bit much for them also. It can be a bit of a vicious cycle. Your lender knows how to do it and what needs to be done, but they can’t afford to take the 3 or four hours it would take to do it. You have no clue how to do credit repair and you likely don’t have the 20 to thirty hours you’ll need to puzzle it out!
There are options for your loan officer whereby they will not have to spend that much time generating your dispute letters. You might want to plug them into a website called creditblossom.com. This website allows your loan officer to prepare your credit repair letters in 10 to twenty minutes.
The use of this service does not get you entirely off the hook. You still have to put some effort into the self credit repair process, but the exact directions will be given to you with all the letters. The website will provide you with detailed instructions on what to do with the letters.
Much of what I have reviewed about credit repair online doesn’t specify that you need to include a copy of your Driver’s License, social security card and a utility bill with all the letters. The instructions from Creditblossom.com actually guide you, and your loan officer if necessary, through each of these essential details. It is your one-stop credit repair guide!
Credit repair is not difficult and it does not need to cost you a lot of money. In fact you can accomplish it for nothing if you have the time to figure it all out. Better yet – use this service that will take the guess work out of the process and will save you a heap of your precious time.
Some other tips to keep in mind that you need to do in conjunction with credit repair are:
1. Lower the balances on your credit cards to 30 percent of the limit, or get your limit raised so that the balance is equal to 30% of the limit. You should also consider dividing the balances between a number of with higher limits.
2. Keep your bills current. If you fall behind on your debts that report on your credit, get them current before you undertake any credit repair.
3. If you don’t have much credit, try to get a new account and start using that and paying it off every month. You should have two or three good accounts on your report to help improve your score.
Best of luck!
