Step One – Get the Info

The first thing you need to do is get a copy of your credit report. After all, you can’t fix what you don’t know is broken. The idea behind looking at a current credit report is to make sure your credit report is free of errors and is 100% accurate. Do not only concentrate on the trade lines (good or bad), be sure to check your name, addresses (past and present) and other personal details.

Step Two – Seek and Destroy

If you find a discrepancy, you will need to write to the credit bureau that is reporting the erroneous information and dispute it. Some people try to contact the creditor that is reporting the information with the hopes to get them to remove the item, but I have not personally seen a lot of success with this method.

Step Three – Make a List

Next you should make a list of all the negative items on your credit report and decide whether or not you want to dispute them. My advice is, dispute anything and everything that you do not agree with. Many people do not know this, but when it comes to disputing items on your credit report, you (the consumer) have the upper hand.

Step Four – Write Letters

This is the part where people usually throw in the towel, but it is really easy. You have two options when it comes to disputing items on your credit report, you can dispute them online at any one of the credit bureau’s websites, or you can do it the old fashioned way, and write letters by hand to send in. To be honest, I have seen both work really well, I would suggest doing whatever you’re more inclined to stick with.

Step Five – Find a Template

The easiest way to write dispute letters that really “knock ‘em dead” is to use one that has already been proven effective.

Step Six – Be Thorough

When you send your dispute letter, it helps to send any and all documentation you have supporting your claim. This is important, the more “proof” you have, the easier it will be overturned. Don’t have any substantiation? Send a dispute letter anyway, in a lot of cases, you can still get items removed (remember the 30-day rule?).

Step Seven – Keep Track

Here is where you have the edge as a consumer. The reporting creditor has 30 days to respond to your dispute (to the credit bureau), or your item is automatically removed. It’s just that simple. Send your well written letters, and keep track of time.

Step Eight – Be Persistent

Don’t take “No” for an answer! If you want that darned negative item off your credit report, don’t just take your first answer and give up. You have to be persistent, in fact in most cases when it comes to fast credit repair, persistence is what triumphs. Just keep disputing and eventually you will win.

Step Nine – Stay on the Ball

Here is where it gets tricky… most of my clients have several negative items on their credit report that they want removed, so staying organized and being persistent begins to be quite hectic and a little crazy at times. The key to success when you are trying to dispute ten items all at different intervals is quick response time coupled with excellent documentation. When you get those return letters in the mail, don’t just file them away to deal with later – deal with them right then and there and you will stay ahead of the dispute game.

Step Ten – Celebrate!

That’s right … it’s time to celebrate. If you follow all the previous steps mentioned above, it is not inconceivable that you can raise your credit score up to (and in some cases over) 100 points in about a month. I have seen it happen time after time, you just need to be consistent and persistent.

We’re teaching the “ultimate” get-out-of-debt strategies with a debt elimination program known as Debt Free Family Plan.

For anyone who feels they are drowning in debt and don’t see any way out this program is an excellent way to work at paying off debts responsibly.

Our well-managed debt elimination program can help you protect your credit score, avoid bankruptcy unless it’s totally necessary, start saving for a rainy day, start saving for the future and pay off your debts within several years.

In our Debt Free Family Plan (DFFP), we offer debt elimination plans and a variety of debt relief programs to help you get out of debt sooner and live a debt-free future. We offer free credit counseling and very affordable debt management services and we are able to keep our fees very low. If you’re struggling with debt and are ready to begin the journey to becoming debt-free, contact us today for a free, no-obligation consultation.

The steps to debt elimination.When you enroll in a debt elimination program at DFFP, here’s what you can expect:
  • Free consultation. At your initial meeting, our counselors will evaluate your entire financial situation to get a clear picture of all of your debts, as well as your income and expenses. Then we’ll work with you to put a debt solution plan in place.
  • Making a budget. We’ll work with you to create a budget that you can live with while paying off your debts off a lot sooner.
  • Debt negotiation. Our counselors will negotiate for credit relief with your creditors, possibly securing better terms on your debt. This could mean reduction of interest rates, late fees and other charges, and reduction in the amount of your monthly payment, thus shortening the time it will take to pay off your debt.
Benefits of DFFP’s debt elimination program.There are many reasons to choose DFFP for your debt elimination plan:
  • Eliminate debt quicker – usually within five years.
  • Save money by reducing interest rates and minimizing fees.
  • Reduce stress by letting our highly experienced credit counselors handle the details for you.

Call 501-570-6019 today to learn how we can help.