1. Check your credit report for errors
This is one of the biggest factors put on the credit repair agencies – the mistakes that you can easily remove yourself while you are in the process of credit repair. Look for wrong addresses, wrong social security numbers, accounts with credits you’ve already paid, and even accounts with late payments that were actually made on time.
2. Access a copy of your credit report
Once a year, you are entitled to a copy of your credit report. You can access it by e-mail, telephone or even online. Although you will receive this free credit report, be sure to also get your credit scores along with your report as this is the basis for the credit repair for yourself.
3. Negotiate account payments
Here is another area where you are usually paid by credit repair agencies that you can avoid by doing the credit repair yourself. All you have to do is call your creditors on pick up or overdue accounts and ask them to settle with you. Let them know that you will pay the balance, but that you can only pay a certain amount. If the creditor agrees, you’ve just saved a few hundred dollars and you now have a zero balance in that account.
4. Increase your credit limits
You may be wondering, “How can raising your credit limits help you do credit repair yourself?” The magic here is that 30 percent of your credit score is directly affected by the balance on your account compared to the limit on that account. So there are only two ways to change this aspect of your credit score. Either you pay the balance or you increase the credit limit. Either you can give the same result in the credit repair itself.
5. Continue to monitor your credit score
Here, most people miss the big time. They take the first steps to repair their own credits, but then they never follow, to be sure that these measures have really helped their credit scores. That’s the trap of making credit, repairing oneself; You may not have a good system to get through until you get the results in your credit that you are looking for. The best tool to use here is a calendar and simple reminders every one to two months to recheck your credit report and credit scores.