Bad Credit and What You Can Do About It
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by: ccruiserboyy
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The first step is to request a copy of your credit report from a credit bureau. If there is an error, write to the bureau and ask it to fix the mistake. It might also help to contact the creditor who reported the error. Some creditors will actually contact the bureau on your behalf. If there are some small outstanding debts you can clear up it’s important to do this and submit the confirmation to all three major credit bureaus. Below is a list of the top three with their contact information.
Credit Bureau Addresses for Disputes on Credit Reports:
Experian
PO Box 9556
Allen TX 75013
Equifax Information Services
P O BOX 740256
Atlanta, GA 30374
TransUnion
Customer Disclosure Center
Trans Union Consumer Relations
PO Box 2000
Chester, PA 19022-2000
General Contact Numbers:
Experian
Office in TX: 1-888-397-3742
Business: 888-211-0728
Equifax Information Services
Business Line (also has option for Personal): 888-202-4025
Office in GA: 1-800-685-1111
Dispute Fax #: 888-826-0573
Business: 802-304-0364
General: 800-797-6801
TransUnion
Office in PA: 1-800-888-4213
888-259-6845 (6am-12 pacific time)
800-916-8800 (consumer relations)
The reality is in some cases a large amount of debt can be overwhelming. If your debts are overwhelming it can help to contact a nonprofit credit counseling organization to work out a bad credit debt consolidation plan. A counselor will help you consolidate your debts and will contact your debtors on your behalf to reduce or eliminate finance charges. This can reduce your monthly payments by up to 40 percent and cut your balances in some cases. These companies provide a fast, easy service designed to improve your rating and remove questionable negative items from your credit history. Always check with the local better business bureau and check online to make sure you are dealing with a reputable company. For example stay clear of any services that offer you credit repair or debt-consolidation loans. These companies will plunge you further into debt. Also be very suspicious of any company that advertises aggressively or sends unsolicited mail or emails. Work with your credit counselor to repay all of your debts. In the mean time, live your life such that you reestablish good credit. Pay your rent or mortgage, utilities and car loan promptly, set a budget and stick to it.
About the Author
To find more bad credit repair information and bad credit debt consolidation, visit: http://www.badcreditco.com
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