Repair Credit Fast Part 2

Building Credit Part 2

Hopefully, after reading part one, you have have taken the opportunity to view your credit report from each of the three major credit bureau’s.  In a perfect world you might have perfect credit, but like I said before discrepancies are not uncommon.  Hopefully you have not found anything to devastating as changes to your credit cannot be made overnight.

Remember, good credit is essential for many things, not only to get decent interest rates on consumer credit cards but also to save a bundle when you purchase a home or car.  The cost of insurance in every category will be effected by some degree or another by your credit history as well.

At the top of the list for things that your credit effects, is your employment.  Many employers now check the credit history of potential applicants as a high credit score indicates responsible character.  Now you can see how missing a payment that is then reflected on your credit report can haunt you for some time to come.

To fix discrepancies on your credit report you must call or write to each of the 3 major credit bureaus.  I would recommend calling first as there policies and procedures for doing so can change from time to time.  If the discrepancy was reported by one of your credit cards then you will want to contact the reporting card company to clear up the discrepancy and then have them issue and official response to the credit bureaus.  Keep in mind that a little patience will be required as the credit bureaus only update your credit report every 30 to 60 days.

The names and address of each of the credit bureaus are listed below,
Equifax Credit Bureau
P.O. Box 740241
Atlanta GA 30374-0241
(800) 685-1111
(770) 612-3200
www.equifax.com

Experian
P.O. Box 9701
Allen TX 75013
(888) 397-3742
www.experian.com

Trans Union (Credit Bureau)
Consumer Disclosure Center
P.O. Box 2000
Chester PA 19022
(800) 888-4213
www.transunion.com

Stayed tuned tomorrow for part three.