If you just hung up from a phone conversation with your mortgage broker and you were denied, your head might be whirling because you are wondering what in the world they were talking about when they said: “You have got to do creditrepair. It is easy. You simply write credit dispute letters to the credit agencies and dispute the negative things on your credit report.” Um… Okay. How do I puzzle that out – Is that your next question? If your loan officer actually wants to help you, she will also help you figure out the credit repair letters.
I bet most loan officers would like to help, but the chore of writing all the letters is a bit much for them also. It is a bit of a vicious cycle. Your lender understands how to do it and what needs to be done, but they can’t afford to take the 3 or 4 hours needed to do it. You have no clue how to go about credit repair letters and you likely don’t have the 20 or 30 hours you’ll need to figure it out!
There are alternatives for your loan officer where they will not have to spend that much time generating your credit repair letters. You might need to clue them into a do it yourself credit repair tool available at creditblossom.com. This website allows your loan officer to create your credit repair letters in 10 or 20 minutes.
The use of this website does not get you entirely out of all the work. You still have to throw some effort at the credit bureau dispute process, but the exact directions will be provided to you with all the letters. The site will give you detailed directions on what to do with the letters.
Most of the things I have read about credit repair online doesn’t tell you that you need to include a copy of your Driver’s License, social security card and a utility bill with all the letters. The directions from Creditblossom.com actually guide you, and your loan officer if necessary, through each of these technical details. It is your one-stop credit repair guide!
Credit repair is not hard and it does not have to cost you a bunch of capital. In fact you can do it all for free if you have the time to puzzle it all out. Better yet – use a service that will take the guess work out of the process and will save you a heap of valuable time.
A few other tips to keep in mind that you should do in conjunction with credit repair are:
1. Lower the balances on your credit cards to thirty percent of the limit, or get your limit raised so that the balance is equal to thirty percent of the limit. You may also think about splitting up the balances between a number of with higher limits.
2. Keep everything current. If you fall behind on your debts that report on your credit, get them current before you undertake any credit repair.
3. If you have little credit, try to open a new account and start using it and paying it off every month. You should have two or 3 good accounts on your report to help increase your score.
Best of luck!
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