Credit Bureau Dispute Letters
If you just hung up from a phone conversation with a mortgage broker and you were turned down, your head might be spinning as you wonder what the heck they meant when they told you: “You have got to do creditrepair. It is easy. You simply draft a credit letter to the credit clinics and dispute the derogatory items on your credit report.” Um… Okay. How do I puzzle that out – Is that your next question? If your loan officer really wants to assist you, he will also help you create the credit repair letters.
I think most loan officers would like to help, but the pain of writing all the letters is too great a burden for them also. It can be a bit of a vicious circle. Your lender knows how to do it and what to do, but they can’t afford to take the three or four hours needed to do it. You have no idea how to undertake credit repair and you do not have the 20 to thirty hours needed to figure it out!
There are alternatives for your loan officer whereby they will not have to spend that much time generating your credit repair letters. You might want to plug them into a credit repair service available at creditblossom.com. This site allows your loan officer to create your dispute letters in 10 – 20 minutes.
The use of this website does not get you entirely off the hook. You still have to throw some effort at the credit report disputing process, but the exact instructions will be provided to you with all the letters. The site will provide you with detailed instructions on what to do with the letters.
Most of the things I have reviewed about credit repair online doesn’t tell you that you have to include a copy of your Driver’s License, social security card as well as a utility bill with all the letters. The directions from Creditblossom.com will walk you, and your loan officer if necessary, through all of these essential details. It is your all-in-one credit repair guide!
Credit repair is not hard and it does not need to cost you a lot of money. In fact you can accomplish it for free if you have the time to figure it all out. Better yet – utilize a service that will take the pain out of the process and will save you a bunch of valuable time.
Some other tips to keep in mind that you ought to do in conjunction with credit repair are:
1. Reduce the balances on your credit cards to thirty % of the limit, or get your limit increased so that the balance is equal to thirty percent of the limit. You might also consider splitting up the balances between a few cards with higher limits.
2. Keep everything current. If you fall behind on your debts that show up on your credit, get them current before you attempt any credit repair.
3. If you don’t have a lot of credit, try to open a new account and start using it and paying it off every month. You should have two or three good accounts on your report to help increase your score.
Best of luck!
