One of the most HOT BUTTON issues is credit, credit repair and credit reporting. There are truths, myths and companies promising new clean credit reports. i wanted to take a look at what is available, what is the truth, what is a myth and what the real stories are.One of the most common questions i hear is what got me started on this investigation.
"Should i pay a credit repairing agency to repair my credit?"Â Â
The simple answer is there is no miracle cures and you can do everything you would pay someone to do.Â Simply pull your credit report from each of the 3 credit bureaus. you can go to www.annualcreditreport.com
to get your free credit report once a year. If you were turned down for credit, you also have the right to a free credit report.
On each of the credit unions website there is a place where you can dispute credit reporting that is wrong. The creditor then has 30 days to respond or it may be removed. This is the best way to dispute incorrect credit reporting or fraud. i have seen some people dispute everything, whether it was theirs or not, then some creditors dont report and it gets cleaned up. Dont waste money on companies promising the moon, all you will be doing in most cases in emptying your wallet.
After you complete checking your credit, the 2 most simple tips are pay your bills on time, and try not to keep any balances over half of what your credit limit is
Most ofÂ these services that make promises are there to seperate you from your money.
if you are thinking you want to purchase a home anywhere in the near future, you should meet with a loca and trusted mortgage broker, they can prequailify you at no cost and let you know what you will need to get a mortgage.
Please see my blog with advice and tips on getting a mortgage.http://www.trulia.com/blog/scott_godzyk/2010/05/secrets_to_getting_a_mortgage_todayPLEASE FEEL FREE TO ADD YOUR TIPS AND ADVICE ON THIS SUBJECT
Updated November 5, 2010
Blog Written by:
Godzyk Realty Groupwww.ScottSellsNH.com
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