: sitemap :

	Credit Cards for All Credit
	Visa Card - MasterCard American Express - Discover Card


	We offer the Best Credit Cards for Bad Credit, Fair Credit, Good Credit and Excellent Credit

Search the

Best Credit Cards

Credit Card Types

Credit Rating

Banks - Issuers

Free Credit Search

FAQ - Information

How Do I Reestablish Good Credit?

credit scores - credit history - credit repair - bad credit - improve credit reports

Reestablish Credit - The First Step

There's no magic to repairing your credit but with hard work and discipline it can be rebuilt. The first and most important step in reestablishing your credit is to avoid any further financial problems. Become financially responsible right away. Make a budget and stick to it.

Reestablish Credit - The Next Step


The next step is to focus on your personal credit reports. If you have unsatisfactory credit, it's because the information in your credit report is unsatisfactory or possibly inaccurate. If the information in your credit report is valid, it cannot be removed, even if the information is unsatisfactory.

The main contributors to "bad" credit are:

	Bills have been paid late or not at all
	Too much debt has been accumulated
	Information on your credit report may contain possible inaccuracies
	Etc.

Reestablish Credit - Get your Credit Reports


You should obtain a copy of your credit report to see what's being reported and to correct any possible inaccurate information. Because information may differ between the three major credit bureaus, we suggest a three-bureau merged report as opposed to a single-bureau report.

How can you correct errors on your credit reports?

Once you have obtained a copy of your reports detailing information from all three major credit bureaus (Experian, Equifax and TransUnion), you should provide each of the bureaus with a written request to investigate any outdated, inaccurate or ambiguous information. It is also a good idea to write to the credit grantor reporting the inaccurate information, including copies of any backup paperwork you may have.

When writing to the individual bureau(s) that supplied the credit reports be sure to include the following information:

	Your full name including first, middle, last and any suffixes
	Your current mailing address
	Your social security number
	Your date of birth
	The name and account number of the account in question and why you are requesting an investigation
	Your signature

Then mail all this information to the appropriate credit bureau:

	Equifax P.O. Box 740256 Atlanta, GA 30374 (800) 685-1111 www.equifax.com

	Trans Union P.O. Box 1000 Chester, PA 19022 (800) 888-4213 www.transunion.com

	Experian P.O. Box 2104 Allen, TX 75013 (888) 397-3742 www.experian.com

Fair Credit Reporting Act


The Fair Credit Reporting Act requires the bureaus to validate the information as accurate or remove it from your credit report. In most cases, there is a 30-day limit for the credit reporting agencies to resolve these disputes and you'll receive written notice of the investigation results within five days of its completion.

The Third Step - Beginning to use credit again


The third step to rebuilding your credit is to begin using credit. Obtain a credit card if you don't have one, even if it's a secured card. Use this card a little each month to charge normal purchases such as groceries or gasoline. Then pay the card balance in full each month to avoid any additional charges. This way you will begin to develop a positive payment history, which is exactly what credit grantors are looking for.