BETTER YOUR CREDIT PROFILE

BETTER YOUR CREDIT PROFILE

Introduction What there is to your ITC that makes it so important to you and to everyone that needs to give you money. Your credit record shows the way you have been paying your whole life. Are you a naughty non payer or are you someone that know the money world and knows how to pay your things. The ITC Credit Report is a little report about all your payments you have made in your life and if you missed some?. Case might be if you missed paying someone for some time you will get listed. That is their way to get back at you for not giving them money. and to a lot of people it might sound like noting but to be listed on the ITC or the Credit Bureau is really bad and no one will give you money if you are listed. Its purely the impression of if you didn t pay those people why on earth would you pay me so to get the impression away you need to clear your ITC and get your name off the Credit Bureau. So say for example you are not a bad payer but something along the line happened that you got listed on ITC. You still sit with the same problem it will all depend on you how quick you can react to it. Getting your name cleared soon as what you can might help you get that loan on your car or get financed for your house. I vote being on the ITC is worse than sitting in jail. Not only cant you do anything with the banks you can t get money from anyone. and if you are still renting. Most people do ITC CREDIT CHECK on you to see if you are going to pay your rent. Get your name cleared from the ITC and make sure you live a life in comfort! There is no time to worry or stress about things in life as payments all the time and being listed! Get off the Credit Bureau! And your Credit Record Cleared! Your credit rating is among one of the most important things in your life. It will determine your future. And your life can be more fulfilled if your rating is high. You need to find out how to increase your credit score to make your future brighter. The best way to quickly improve your score is to obtain a line of credit, whether it is from a credit card company or a department store. Some of these establishments may be tighter than others, so you may need to shop around for a lenient lender. The stores are usually pretty free with their lending as long as you have another card. The important thing is that they report to the three major credit bureaus monthly. If you have had a bankruptcy, a foreclosure, or a repossession of a vehicle, you will find that getting credit again is nearly impossible. You may need to get the kind of credit card wherein you will be actually borrowing against your own money and paying an interest rate. It is a prepaid card and it allows you to use a credit card, build up your credit rating, but you are using your own money. You can also obtain credit through a used car dealer. They are probably among the most lenient lenders. This is because people who buy used cars usually can t afford a new car. And often their credit is a bit tarnished. They need the sales, so they have to be more forgiving. Just be sure they report monthly to the credit bureaus. Once given the line of credit, work with it diligently. Make the payments on time. They need to be made before or on the due date. You cannot pay them late. Late bills will ruin your credit score, and this record stay on it for seven years. Write it on your calendar, your date book, or set an alarm on your computer. Whatever you need to do to get the bills out on time is necessary.

These payments need to be made on a monthly basis for twenty-four months in order for your credit to look perfect. And the longer you keep up this good habit, the higher your credit score will be. You need not make large payments that are much more than the minimum required. It will make absolutely no difference to the bank that issued you the credit. The payments need to be made on time for the minimum amount due. Once a pattern is established, you can see how easily it is to stick to it. Your score will increase nicely, and your auto insurance premiums may even decrease over time. When you learn how to increase your credit score, you can buy nearly anything you want. Getting a credit report to help improve your credit rating and score does not have to cost you money when you know the right steps to follow, and exactly what to do when dealing with the credit bureaus and your creditors. Following these simple steps can help you remove many mistaken and negative items on your credit reports, and greatly improve your credit rating and credit score. Poor or bad credit can have a big impact on your life, and these steps cost you nothing while significantly improving your credit. Step 1 - Obtain All Three Credit Reports The first step is to obtain a copy of all three credit reports. There are three major credit reporting agencies, and each one may have different credit information about you. It is critical that you get a copy of the report from each of the three companies, so that you have all your credit information. Some information may appear on one report but not the other two, so you will need a copy of all three credit reports to start. Step 2 - Review Reports for Mistakes Once you have received your reports make sure to go over each one very carefully. Look at all the information for each account listed, and make sure that all of the data for each account is completely correct. The reason for doing this is credit bureaus make information mistakes quite often. Some mistakes that you may find are: accounts that are not even yours, incorrect payment and balance information, and the wrong status of an account. These mistakes and errors can have an enormous impact on your credit rating, and need to be corrected as soon as possible. Another aspect you need to look for when you review your credit report is negative items. These include late payments, bankruptcies, missed payments, delinquent accounts, and other negative actions which are listed in your credit report. When you start reviewing your credit report makes sure to examine all three reports closely. Often you will find that all three reports do not contain identical information, so make sure that you search each one individually to catch all the mistakes and negative items that may be present. Step 3 - List Negative Items, Mistakes and The Credit Bureau Holding the Information Make a list of each negative account item and mistake, as you examine each credit report. As you move from one report to the next make sure to note which credit bureaus show each item you want to dispute. This is important, because before you can dispute an item you need to know how many of the three credit reports are affected. You may only have a few negative items and mistakes, or you may have a large number of them. Grab a pen or pencil, a pad of paper, and all three credit reports. Start with the first one, and write down every negative item or mistake that you find. Include the creditor, the account number, the file or bureau number, and other relevant information.once you have finished the first credit report you should have a complete list of all the negative accounts and mistakes that the report contains. The other two reports will be easier, because when you locate a mistake or negative item you can check your list. If the item is already listed simply write in the second credit bureau besides the listing. Any items not already listed are added. After the third credit report has been evaluated you will have a list of every single

negative item and mistake that all of your credit reports include, and you are ready to start the dispute process. Step 4 - Dispute Mistakes and Negative Items with Each Credit Bureau Once you have your master list for the dispute process you will need to contact each credit bureau for every mistake or negative item that the bureau shows for you. The law gives you the right to dispute any account information at any time. Once you dispute the entry then the credit bureau must verify that all of their information is correct and up to date. The credit bureaus have a reasonable time to verify that the information they have is correct, and this is normally considered thirty days, but it can be more or less than this number. In some cases, due to computer or operator errors, a disputed item may disappear when it has been challenged. Often when you dispute an item then the creditor or credit bureau misses the deadline to confirm the information is, indeed, accurate, and in these cases the information must be removed from your credit report. The older an item is on your credit report the easier it is to see it disappear because of a dispute. You have the legal right to dispute any items on your credit report every thirty days, and if you do this step each month the odds of your disputed entry being deleted increases every time you dispute the item. Step 5 - Avoid Using Credit Repair Companies, Letterheads, or Fill it in Forms One of the worst things you can do for your credit report is to hire a credit repair company, which can cost you thousands of dollars and does the exact same thing that you can do for free with a little knowledge. When you hire a credit repair company you are paying a lot of money, and often these companies do not even take all the steps that you can do for free. You should also avoid using any letterheads or blank forms that you fill in when dealing with the credit bureaus, because these may cause them to think you are using a credit repair service. Step 6 - Demand Verification from the Creditor One step that is very effective is to demand verification from the original creditor, not the credit bureau. This method is an auditing technique, and you can be amazed at how effective it can be. Normally only attorneys will do this and they charge for the service, but when you know how you can do it yourself, you can save a lot of money. Auditing takes advantage of the fact that most creditors and collection agencies use computers to store files, and usually destroy the papers associated with these files after a year or two. This includes signed documents and verifications. Contact the creditor and demand to see written documentation as proof that the account is really yours and not a mistake. Federal law states that upon demand the creditor must provide the written documentation you are requesting within a reasonable time. This is determined to be a copy of the signed contract that you had with the original creditor of the account. If the creditor cannot provide this written proof then they must remove the file. When you send the letter requesting the proof, date it and keep a copy. Also send the request certified mail with a return receipt requested. A reasonable time would be seven days from the receipt of the demand by the creditor. This gives the creditor three days to locate the requested documentation and four days for you to receive this documentation through the mail. If you do not receive the proof within seven days of the date on the receipt then you can demand the credit bureau remove the information from your account. If it is not done you can contact the attorney general of your state or sue the creditor and credit bureau in small claims court. Step 7 - Send All Important Correspondence Certified Mail with a Return Receipt When you are disputing items on your credit report you may find that your first letter does not usually get a response. After you dispute the item the credit bureau has thirty days to verify this information and respond. If you have not received anything within thirty days send another dispute letter, putsecond demand on the top, and take a copy. Mail this second letter using certified mail, and make

sure that you get a return receipt. This can cost a couple of dollars but is well worth the cost if the credit bureau or creditor does not respond according to the legal time line. Mailing the letter this way shows the date that the letter was received, which starts the clock in your favor. If you do not receive anything within thirty days of your second letter then you may want to file a small claims suit in your local court. The return receipt along with copies of all your letters will be enough to win your case. Many times you will win by default, because the credit bureau does not even send a representative to the hearing. When you win make sure to ask that the disputed item be removed from your credit report. Step 8 - Negotiate Verified Negative Items with the Creditor or Collection Company If you have disputed an item, audited the creditor, and received the written documentation requested then you may want to consider negotiating with your creditors to change the entry on your credit report. You have a large amount of leverage, because your creditors know that if you declare bankruptcy they will not normally see a penny of the debt, and it will be erased. If the debt is verified start the negotiations with an offer of ten cents on the dollar if you can afford this amount, and work from there. During the negotiations make sure that you insist on a signed agreement, one that states once you have paid the negotiated amount the creditor will change the entry in your credit report to a favorable one. This step can really boost your credit rating, and help you eliminate your debt for pennies on the dollar. You do not need an attorney to negotiate with your creditors, because you have all of the leverage. Step 9 - Review Your Updated Credit Reports to Verify they Were Corrected Once changes have been made to your credit report because of all your work and efforts, make sure to get an updated copy of each one. Review each report to make sure it has been corrected, and that every disputed item has been either verified by the creditor or has been removed. Sometimes the credit bureaus may take longer than allowed, and if your credit report is not updated then contact the bureau gain, and threaten legal action if they do not remove the unverified entries from your report. Do not be surprised if it takes more than one letter to get action, and remember the important time frames are on your side. Once you dispute an item and it cannot be verified, the credit reporting agencies must remove it from your report in a timely manner. If this is not done then you can take legal action, and receive punitive damages from the credit bureaus for their failure to act. Step 10 - Use Certain Times to Your Advantage Make sure to keep a copy of every letter and demand that you send, along with the date sent. This will help you keep track of important time lines and dates, so you can tell whether the credit bureau or creditor acted within the allowed time limits. A big tip is to send out the dispute letters near the holidays, because often this is a busy time for the credit agencies and your dispute may not be processed in time. This means that the entry must be removed, and you can take legal action if it is not. Conclusion Hopefully after reading our report you have a good idea of how you can fully repair your damaged credit. Don t waste a ton of money by using the middle man. Everything you are going to need to do to repair your credit can be done without the help of costly outsiders or a legal team. You have the formula you are going to need right here in front of you. So get out there, take control of finances, and don t stop until you are completely satisfied and back on the right track. We sincerely hope that this report helps you and we urge you to contact us if you need any further advice or help. The most important piece of advice we can offer is start taking action TODAY, not tomorrow or the next day. No one else is going to repair your credit for you. So it s up to you now. Take advantage!