It's no secret in today's' credit environment that mistakes happen. Each year the number of credit reporting errors found in individual credit histories continue to climb at alarming rates.
What these credit reporting errors translates into for most people, is not only bad credit scores, but higher interest rates for future purchases, limited buying opportunities, higher homeowner and auto insurance rates, and the most insidious of them all is limited career and employment opportunities in some industries.
Even some customer service jobs now do routine credit checks on prospective job candidates.
All is not lost …
Before you begin your campaign to write any legal letters to remove items from your credit report, there are a few things you can do today to improve your credit score that will get you a few steps closer to your credit goals.
- Order your free credit score report from all 3 credit bureaus. Beware, though there are many companies online that claim to offer free credit reports but usually want your credit card information upfront before you're able to access your information.
- Dispute any and all errors that are found on your credit report in writing.
- Finally, you can use a little known technique that works like magic. It's called a goodwill adjustment . This little well kept secret, is simply a request which you may make directly to the creditor, whereby you ask to have a negative credit entry from your report removed. There are companies who will actually remove a negative mark provided your payment history only reflect maybe one late or missed payment.
Using the Goodwill Adjustments the right way is an absolute must if you want to improve your credit rating and get fast results in weeks not months from the latest credit repair techniques.