Darin and Christina Cunningham | Re/Max Elite
278 Franklin Road Suite 190 | Brentwood, TN 37027
Office: 615.661.4400 | Fax: 615.661.4115
Christina: 615.394.4168 | Darin: 615.456.4086

How to Repair Your Credit


Despite what many people think, it is possible to repair your credit and it doesn’t have to be a difficult and complicated process.

With good credit, you will most likely qualify for better terms on loans and lower interest rates. With bad credit, you are viewed as a risk that’s why creditors might give you strict terms and higher interest rates. Good credit can come in handy, especially when you need a mortgage. Your dream home may only be a few steps away. If you repair your bad credit, you may get a mortgage on better terms. The time to start your credit repair is now.

Review all your credit reports

Credit bureaus generally give you a copy of your credit report once every year. They usually don’t send you the copy without you asking for it, so request one from them in order to be sure you will receive it. Once you get the report, go through the information and the credit scores. Entries on different reports from the different credit bureaus might be the same, but not all always.

Dispute all negative remarks

These days, it’s easier to dispute errors and negative remarks on your credit reports. You are now able to dispute information to all three credit reporting agencies online. 

Here are the URLs for the three credit bureaus where you can dispute online:

 Equifax: https://www.ai.equifax.com/CreditInvestigation/home.action

TransUnion: dispute.transunion.com

Experian at http://www.experian.com/disputes/

It is also a good idea to put your disputes in writing and make copies for your records so you have a paper trail.

Here are the addresses of the three major credit bureaus so you can dispute in writing:

 EquifaxEquifax Information Services, LLC, PO Box 740256, Atlanta, GA 30374

TransUnion: LLC Consumer Dispute Center, PO Box 2000, Chester, PA 19022

Experian:  Experian’s National Consumer Assistance Center, PO Box 2002, Allen, TX 75013.

If you need to call them, their phone numbers are:

TransUnion: 1-800-916-8800

Experian: 1-866-200-6020

Equifax tells you to refer to the telephone number provided on your credit report.

In your credit report, there are some items that weigh more heavily on your credit score compared to others. Pay attention to these items first to ensure you get the most out of the time you spend disputing items. The negative items like judgments and collections accounts should come first.  These weigh heavily on your overall credit score, so spend most if not all your effort disputing them.

Incorrect late payments

Mistakes do happen all the time. A credit card company might enter a payment erroneously or a lender may report a late payment when you paid on time. Dispute late payments in both closed and current accounts. The payment history is another factor that has a huge negative impact on your report. Place emphasis on removing these errors.

Handle all past due accounts

Take care to pay all your past due accounts. After paying, make sure they are all reported as current or paid. These significantly affect your credit score so settling them is a huge step forward. If you have paid them, dispute these relentlessly and have them reported as current.

Let a credit repair company handle it

For this one, you have to be extra careful. The credit repair company must prove that they can repair your credit and give you some timelines. Be leery of companies that advertise fast and easy credit repair services. It may not be as fast or as easy as they make it sound.

If you have tried disputing your payments and nothing was done, try asking nicely. That may be more productive than being rude or disrespectful. You can also try and get new credit by getting another credit card and making all payments on time. Be persistent and don’t be discouraged when trying to repair bad credit. It takes some time and patience and it is definitely possible.


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