The number one reason I see people fail when they are really intent on clearing up their credit reports is because they lose their steam and then it falls by the wayside.
Once you start clearing up your credit report - it's imperative that you stay on task and see it through. You can't put it off because it's really not fun to call and write to collection agencies, it's not fun to send yet another dispute into the credit bureaus and then there's always that gloriously fun following up and keeping notes of what you've done and what you haven't.
However, if you skip a step or you lose interest in what you're doing - you will pay and you will pay in many ways. You will not have cleared up your credit which will cost you in the form of higher interest rates and large penalties for not having a good credit score. You can be denied employment, loans and even insurance if your credit score isn't good. And those are just the main ways you can be affected.
Try to stay motivated and keep with it. I tell people to start with the smallest issues and the smallest collection accounts first so they can stay motivated. If you go in guns ablazin' after the biggest derogatory items on your credit report - you can get discouraged because you aren't seeing any progress. However if you go after a $60 collection on your credit report and negotiate to have it deleted upon payment in full and then you get your copy of your credit report back with a slightly higher credit score and the collection is now gone - it's easy to see you've made progress and you'll stay motivated to see your credit repair project through until the end.Labels: credit bureau, credit report, credit score, loans, mortgage loans |
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how can i word it so if I offer a settlment that they will reomve the entire file or report it in good standing.
Thanks