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What Can You Do To Increase Your Credit?
Credit is a way of life in America. Without good credit, you have to take your seat in the second-class section of
our economy. But, if your credit is in shambles, you may not be willing to wait for seven years while your credit report clears itself.
Many authorities will tell you there is nothing you can do. Newspapers, magazines, and TV news journals all seem to
be unanimous in discouraging you from making any effort to clear your credit before the seven-year limit.
The giant credit reporting bureaus have maintained a consistent public relations effort to dissuade you
from challenging the information appearing on your credit reports. The credit bureaus are especially intent on steering
you clear of "credit repair" companies that promise to help you restore your credit. The bureaus claim that these companies "cannot have accurate information removed from your credit report."
How do these companies explain the numerous organizations which have removed thousands of negative items from
individual consumer credit reports over the past few years? What about the thousands of Americans who have restored their own credit? Why has the media repeatedly denied the possibility of restoring credit when substantial evidence points to the contrary? Who stands to gain from such a broad campaign of disinformation?
According to the Public Interest Research Group Study of the credit reports surveyed, 29% contained serious errors that could result in the denial of credit, 70% contained mistakes or errors of some kind, 41% contained incorrect personal demographic identifying information, 20% were missing major credit cards, loans, mortgages, or other accounts that are critical to demonstrating consumer credit worthiness.
You can try it yourself...
Attempting to restore your own credit while failing to dedicate sufficient time or attention can result in further damage to your credit rating and may make it impossible for anyone to
restore your credit for you. For this purpose, we provide a preview of the time commitment required to restore your credit. Examine very carefully your
capabilities and your schedule before deciding to restore your own credit.
Time Commitment. The chart above shows liberal estimates of time required to
restore your own credit. If you are a single person working on his/her credit alone, you can subtract 25% from the total time required. This time investment
will continue on a monthly basis, gradually shrinking as creditors agree to delete their listings. On the average, you can expect the process to take
between twelve to eighteen months, unless you have very little negative credit (one negative item per report.) Each response to a creditor or a credit bureau
must be an original and must pertain specifically to your present situation or you may be red-flagged as a frivolous troublemaker or be ignored altogether. There are no
effective "form letters" or "fill in the blank" responses that yield results.
Emotional Commitment. Dueling with the credit bureaus and credit grantors requires an aggressive and tenacious personality. You must be
willing to wade through rejection after rejection until you achieve your desired results. The credit bureaus will shoot down the majority of your claims and disputes. They will treat you like a
disreputable person and a liar. You must take this rejection without becoming discouraged. If you are the kind of person who tires quickly from an emotional
struggle, you should seriously consider hiring a professional to restore your credit. If you are the kind of person who becomes angry when dealing with the
slow, bureaucratic automatons of big bureaucracies, you will not fare well. Patience is an absolute requirement. If you are thick-skinned and have the
fortitude to fight the credit bureaus and your creditors for as long as it takes, then you may have the proper disposition to restore your own credit.
Organizational Commitment. In the process of restoring your credit, you will have to track and monitor dozens of communications at once.
This will require organized, disciplined habits. Every day, you must check up on each of these communications to make sure that the credit bureau or credit
grantor hasn't overextended their time limit. You must spend at least one-half to one hour per day tracking your responses, results, and taking appropriate
actions. Remember, you will be dealing with three credit bureaus per person plus you will be communicating with each credit grantor appearing on each
credit report. In most cases, the number of simultaneous communications will exceed twenty or thirty. If you are not the most organized person, you are
definitely not in a good position to attempt to restore your own credit.
Or you can hire an experienced and proven company...
As explained above, repairing your own credit takes a committed approach. Most people who attempt to repair their
own credit get less than desirable results. NCA Credit Repair can handle this process for you, and you only pay for successful results.
Next Chapter >>
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INTRODUCTION
FACTORS THAT INFLUENCE YOUR CREDIT
THE CREDIT SYSTEM
RISK FACTORS
HOW MUCH DOES A LOW SCORE COST YOU
HOW ARE CREDIT SCORES CALCULATED
WHAT CAN YOU DO
MAINTAINING AND IMPROVING YOUR CREDIT SCORE
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