How to fix your credit on your own

Today many people are turning credit repairing companies to help repair their credit. These companies are charging up to $100 per month to join and $40 - $50 per month to erase debts from your credit report.

We all are trying to save in this recession, and let's face it, if we had that kind of money in the first we will not need to be repairing our credit. Repairing your credit on your own is easy if you are trying to remove "accurate- bad information".

You must know that not all debts can be removed from your credit report, such debts we called "accurate negative information. These debts remain on your credit for 7 years (seven) from the date of the first delinquent report. Therefore the same thing a credit repairing company going to do you can do it yourself for free.

Inaccurate information
Inaccurate information means that someone else information was past on to your credit report. If this inaccurate information has past the reporting date, then you can have the credit agencies remove it from your report.

Get a copy of your credit report from all three credit agencies at annualcreditreport.com, this is actually free. Make sure after fully reviewing your credit report you call the agency to dispute any items you believe to be inaccurate or that should have be taken off your report long time ago.

Creditor versus Credit Bureau
To dispute your claims start with the bureaus, as they guide you on how to dispute your claims. These are the same information given to the credit repairing companies, with you bureau you are getting first hand knowledge.

Sometimes you can call the original creditor and tell them you have made all the payments and if they could update the bureaus regarding these payments.

Do not close accounts
If you have credit cards that you are trying to pay off, if the company offers you a one time pay off, DO Not accept, as this will affect your credit tremendously. Work out a deal to pay off the entire amount. Do not allow your credit card accounts to be close with a balance on them. Always pay off your balances no matter how long it takes.

TIPS
When you are finishing repairing your credit, make all your credit payments on time, and check your credit report regularly to ensure that no one else is using your credit information, this can prove costly.