Credit rehab process:
- Go to each bureau and retrieve your free annual report:www.transunion.comwww.equifax.com
Note: Each bureau has minor differences in vendor listing, account numbers and even what is reported.
Each report with have bureau specific challenge forms to correct information
- Debts owed:A) Contact vendorB) Negotiate and or just get current $$ to pay off
C) GET in writing agree to pay off debt. Signed by a real employee
Letters typed with “Customer Service Representative” are not accepted by all bureaus. Unless you include a copy of the birth certificate of Customer Service Representative
- Repayment:A) Send check (recommended to NOT allow ACH, money orders, etc.)B) Make copy of check you are sending
C) Retrieve copy of cancelled check from your bank when it clears
- Credit Bureau ChallengeA) Complete 100 % the credit bureau challenge form to have line item updatedB) Send with copy of letter, copy of check, copy of cancelled check
C) 5 weeks from mailing you should receive another copy of your credit from bureau – verify the challenged line item has been corrected