Repair Your Credit

Do you have bad credit or need you credit repaired to it's former status? You're not alone. Here is what you can do.

As a mortgage loan originator I see a lot of credit reports and lots of errors associated with it. Many times, these once delinquent accounts such as judgments, collections, tax liens, and charged off accounts were actually paid off long ago but were still showing on the credit report. If they are on the credit report, these items will affect your credit score negatively. Making you look like you have bad credit. This can and does make a material impact on whether the lender approves or denies a loan. And if the loan is approved it can also have a major impact on what interest rate your lender may be able to offer you.


So what can you do if you have bad credit or if you have to have your credit repaired? You, as the consumer, can contact the creditors showing on the report and see if they will remove them the next time they report to the credit reporting agency. Or you can contact one or all of the three major credit reporting agencies to dispute the items in question. This can be a time consuming process and depending on how the request is worded (if you have to place your inquiry in writing, as many companies will require) the error may not be deleted from your report.

There are other options that are available to you such as a third party agency that can help you. One of such on the internet is RMCN Credit Services, Inc (www.repairmycreditnow.com). This company specializes in helping move erroneous information from your credit report. The company has been in existence for the last 10 years and has a satisfactory record with the BBB (yes I checked before recommending).

What RMCN basically does is request all credit lines (current and old) to verify the accuracy of the information that they have reported and request any incorrect information be deleted from your report.

You can see a number of testimonials and examples listed on their site. Notice that especially on the credit reports they have listed their is a few month difference from the beginning report and the end report. This is not a fast process. Your score will not go from 600 to 720 overnight. You will have to allow the requests and subsequent adjusts to the report to be made.

If you are just struggling to make your payments this type of service will not benefit you. RMCN works to correct errors on your credit report to improve your scores. If you are indeed behind on your payments and need help you may want to contact another agency such as CCCS that may be able to help you.

Again, this is something that you are able to do on your own at no cost. But if you are unsuccessful in your attempts or just want to have another party work for you (for a fee of course) RMCN is there for you.