Many different guides to credit repair are available online – What You Should Know

By The CreditConsultant on January 22, 2011 In Finance

Many different guides to credit repair are available online. But how do you choose one that is right for you? Although some of the steps and ideas in a guide to credit restoration can vary, the basic road map to repairing your credit remains the same.

First, obtain a copy of your bureau report. This is essential, as you cannot fix your record until you know what it contains. If there are any incorrect items, be sure to contact the bureau to file a dispute.

Second in this guide to credit repair is to pay off as many of the balances you are financially able to. Put together a plan over the course of a few days, weeks, or months to be able to rid your credit of any negative debts. You can also talk with your debtors about possibly settling a few older items for an amount less than full payment.

Third step in this to credit restoration is to check the balances of any open revolving accounts you may have. According to most bureaus, you should not be utilizing more than 30% of your credit limits. More than this number can signify a dependency on your cards, which in turn can have a negative impact on your score. In addition, be choosy on how many times your credit report gets run. The more times the report is accessed within a given period of time, the more it will lower your score.

The last and most important item in this guide to credit repair is to have patience. While it may take a bit of time, repairing your credit will put you on the road to financial readiness and stability.

Mark Clayborne is a Certified Credit Consultant with ten years of experience assisting consumers with credit issues. For more powerful secrets on credit repair, debt settlement, stopping collectors, rebuilding your credit, and raising your score, please read the first chapter of The Credit Repair EBook for Free and get a Free Restore your Credit E-class at