Credit repair is a lengthy method, involving the review of all documentation- including the credit file & all the circumstances surrounding the default, writ or Judgment. You can visit http://gocreditreportusa.com/ to find tips on maintain credit records.
This can also often involve lengthy requests & submissions of documentation until an agreement is reached with the creditor & the repairer to remove the offending black mark.
Then the credit repairer negotiates with the creditor who initiated the listing on our behalf to remove the default.
A bad credit score is usually defined as a credit file which contains or more adverse listings such as a default, writ, judgement or bankruptcy.
Currently, most of the major banks are rejecting home loan applications where the credit history shows a default listing (an overdue account which has lapsed past 60 days). Plenty of lenders are even rejecting loans for excess credit inquiries such as thirty days or six within the year.
It is very important that you actively monitor your profile from Experian, Equifax, and Transunion frequently; so that you don’t get any surprises when applying for a loan.
The use of credit today in the purchasing of property, assets, food and services is common. The first step towards credit repair is to know your credit score. This means getting your credit report. Even in case you do not suspect anything amiss in your credit, it is important for you to establish your credit base by getting a credit document. In this way, you can check whether there is anything reported wrongly in your credit document and can have things rectified.