Bad credit report repair may not be high on your list of priorities, but there will come a time that you will want to borrow money and you will wish you had taken the time to clean up your credit. It is smart to take the time to do this while it is not critical. It takes time to resolve things that are on your credit report, especially if it has been awhile since you have seen a copy of your credit report.
With that being said, you will want to start by getting a copy of your credit report. You are entitled to one free report each year. This can be gotten online or through any of the 3 credit bureaus if you have been denied credit in the past 60 days. You will want to get this report from all 3 of these bureaus since they will probably not all contain the same information.
Two things that you can do immediately to improve your credit are make your payments on time and pay down your outstanding credit cards balances. Lenders like to see financial responsibility. They want to see that you care capable of making on-time payments on a regular basis. They do not want to see multiple credit cards that are close to their credit limits. So, if you have a selection of cards with balances, begin making payments that will decrease your balances.
The next part is where the true repair begins. You now have to go through your credit report and identify inaccuracies. Your next step is to write letters to the credit bureau disputing these inaccuracies. If the lender can not prove that the item accounts on our credit report, it will have to be removed. This part of the process can take time if you have several items. If you have a common name or family members with the same name, you may find several items that do not belong on your credit report.
There are companies that will do the leg work for you, for a fee of course. But, you can repair your credit yourself, but it will take time. There is no time like the present to get started. Having spent several years working in the finance industry, I have seen people not do anything about their credit until they wanted to buy a house. Take the time to do bad credit report repair before it is too late!