The Aim of Our Credit Analysis:

Empowering our clients to manage their credit reports

A list of how to repair your credit properly

1. Obtain A Copy Of Your Credit Report

Why are you here? Looking to get a car, house or personal loan? You're here because you want your credit report (and score) to be better.

It can.

The following steps will help you on the path to owning your credit past, so you can pursue the future with more confidence.

First things first: the credit report. You need to get your hands on what lenders see—there are plenty of tools to help.

Now, we're not mainly after a score, but what affects it. The items on your report tell part of what's going on with you. You'll need your personal info, like your SSN. Annual Credit Report is the place to get your free reports, which suffices for these purposes.

2. Dispute Negative Items Found

When you get this report, don't be afraid of what you will find—look at these reports. You may have items that are paid off, forgiven, inaccurate, false, old or forgotten (life happens). Get familiar with this report; know it like you're trying to pass an exam. This is you on paper—the you most of you lenders will see in most cases.

*Pro tip: Write down what was happening in your life at the time of those items. Put context to your story. This is what doesn't show up on paper, like you had a wedding, job loss, or taking care of someone unexpectedly. Being able to give this context is something extra to give lenders to look at when considering your requests.

Your next task? Dispute the negative items you find in your report. Chances are, your info may be outdated or incorrect and a proper dispute will help update the item. There are companies that will charge you a premium for this very step, repeating the process, because if they can catch a 'non-response' to a dispute, it requires that it fall off of your report. 

Now, wait for the results of your labor thus far—patiently.

Honestly, your past is your past. So if a dispute doesn't net an item falling off, that's OK. Besides, you'd also risk losing some of your credit history, which can be worse than a checkered one.

Typically, Annual Credit Report will give you links to Experian, Equifax and Transunion to check the bureaus individually and go through those items found in the reports. ReliefWire suggests that you choose one to begin with and once it's updated, follow up with the remaining (don't want you to be overwhelmed).

Now, wait for the results of your labor thus far—patiently.

3. Review The Results And Call The Creditors For Settlement

A round of applause is in order for you—you've almost completed the steps given! Let's think about what you have and strategize like a chess master. Check out your credit report again and see what remains. For the rest, create a game plan for what you can take on immediately.

Be prepared to negotiate a settlement of 20-30% of what you're told you owe. In most cases, whatever has charged off is being handled by a third party who wants to offload your debt.

This may be the most daunting step for you, but it's OK. You've already gotten so far. Be brave! Block the noise and tones and faces. This is your credit you're working to fix. The creditor wants payment. You have it. Negotiate with confidence. You're not less than—you're cleaning house.

4. Take Back Your Credit Profile

Pro tip: You don't pay unless you have obtained proof that what you are looking to pay is removed from your files as being negative. You've done so much—don't let it go to waste in haste and excitement.

This proof is a statement of promise with letterhead from the creditor. You can obtain this proof email, snail mail or both. And if you're speaking with a representative it doesn't hurt to get an ID or case number for reference.

5. Work With The Credit Bureaus

You now have a blueprint in-hand you can follow to make this restoration process complete. Keep in mind: this process from start to finish takes time. But you're up to task; you have goals and want your credit to be a powerful tool in your toolbox.

Now your last step, after you have done all of the negotiations and payment, is to go back and apply the paperwork from step 4 and re-dispute as done in step 2. This is crucial. You want to check behind the companies and ensure that these negative items fall off and that your reports reflect your newfound clean slate.

Advice For The Future

What you do now is keep track of your bills and pay not just on-time, but ahead of time if you can. Reduce your current debt, with future goals in mind. 

Last pro tip: Keep communication with the various companies you're working with. The worst of situations sometimes can be avoided by letting those you owe know your situation. 

Here at ReliefWire, we've seen a lot of cases where creditors and borrowers just haven't spoken at all, most of the time at the fault of the borrower. We get it. But know that you'll save yourself a lot of trouble by overcoming the fear, embarrassment and pride and see what can be done for you. Whatever happened in your past may not have been your fault, but a lack of communication is.

We believe you can do it.

Need Help?

If you happen to need help making sense of it all or want a personalized plan, we can help! ReliefWire offers a credit analysis report that studies the reports you obtain and offers back an action plan you can use to get positive results for your credit profile.

At ReliefWire, we are about guiding guiding you to the right doors, so you can open them. We want to see you succeed like others who have utilized our services. And right now, we have a one-time payment offer. We don't string you along to get money; we work to empower you.

We pray this helps you. May Jesus Christ cause his face to shine on you friend.