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There isn’t one person out there that has never experienced a bad credit mark. Yes, some people have a larger list of bad marks than others, every one of us is in one of just a few possible places with regard to bad credit marks. Your reports are either perfect / nearly perfect, or they need some help fast, or they are shot to hell, and credit is a thing of the past.

It doesn’t matter where you fall in the list or how you got there, the bottom line is having the ability to remove these bad marks, your or not, is truly an asset. Even if your Mr./Mrs. Perfect you will someday be faced with at least an error on your report and knowing the steps to remove such an error is quite necessary.

As far as getting items removed or updated, there are no guarantees. With a little understanding of the process you will be shocked at what you can accomplish. Remember that an improvement on your credit reports can save you a lot of money. Better interest rates over your lifetime could add up to millions of dollars in savings.

Ok so in order to start the process the first thing you need is a current copy of all 3 of your credit reports. Fixing one report isn’t enough. Order your reports from Experian, Trans-union, and Equifax. When you receive these reports you will need to look at each item and identify the ones that hurt. Now we simply challenge the accuracy of these bad marks.

Again simple common sense tells us that if its a large unpaid recent debt, then someone will likely respond and they are likely to call you as well. This call should be welcome, it’s a chance to negotiate the debt pay it, and then re-challenge the accuracy of the information. (Follow me here.)

Ideally you want your bad mark to be at a point where there is no reason for an office worker to get off their lazy butt and respond to the credit bureaus about your challenge. If $5,000 is on the line they may put down the hamburger and reply, if however it’s a situation that’s been settled or so old they don’t have any information they may choose to finish their burger instead.

At the point that the bad mark becomes settled then there is no real benefit for the creditor to respond to your challenge. I’ve seen a 70% success rate at this point. Beyond that it’s a matter of thoroughly challenging the mark.

*You can use a separate document noting the account, and account numbers or simply write directly on the report. Ask the bureau to remove the incorrect information as it’s inaccurate and to please verify the inaccuracy and update you as to the results.

Credit repair can be a lot of fun, in fact in the coming years it can be an excellent service to provide to the community. If you get good at it you can make a lot of money helping others to remove unwanted, erroneous although sometimes truthful information from their credit reports.