How to Fix, Repair a Bad Credit Report Rating

Video Transcript

"How to fix, repair bad credit report rating. Now this is very cumbersome, you know preferably if you have the opportunity, have a credit repair company help out with this. But if you want to tackle it yourself, here will be the ways for you to go. Obviously, some may be more challenging than others but you know, at least you want to obviously start with contacting the lender. If there are some inaccuracies and so on on your credit report you want to be sure that they are aware of that and they take the necessary measures to correct these and make sure you do get proof of that in writing as a letter being sent over to you. Now then the other part is obviously if you're dealing with a credit reporting agency, contact that credit reporting agency. Let them know that things that they reported are not accurate and needs to be changed. Get a supporting letter to document that. So that way you can may always go back to the credit reporting agency, rather I said reporting before but it should be a credit collection agency. So get this proof that you need from the credit collection agency, so that way if all fails you can present that to the credit reporting agency and they can adjust that on your credit report. Because you could fax things over to them. They'll do all the due diligence. They'll work with you in terms of trying to make sure that they are reporting accurately what your true credit situation is. One of the other parts that you may want to do in all this discussion will be to get a copy of your credit report. I'm a fan of having to subscribe at least to looking at it once a year. Take a look at what you have on there and if there are obviously any inaccuracies, and things that needs to be fixed and repaired, just to make sure your credit rating is actually you know, being reported accurately. Go through those. Go through all those items, one by one. Contact all these agencies. Contact all those people that you need to do and try to make sure, but don't forget to get proof from them. Get proof from them so that way you have a file built up. That would be my advice to you as to how to fix, repair bad credit reporting on your credit report."