One study by Moody's   claimed that over a "5-year time horizon", bonds that were given its highest rating Aaa had a "cumulative default rate" of just 0. See "Default rate" in "Estimated spreads and default rates by rating grade" table to right.
Pin If you have rough credit history on your record that needs some credit repair work, I have some very good news. Much of this you can do on your own. While bad credit is very expensivethere are plenty of things you can do to clean up that history, bump up your score and start enjoying the benefits of having a strong credit profile.
And you can get this done much faster than you might think.
The following is a step-by-step process to help you clean up your credit history. If you follow these steps you absolutely will be able to fix and clean up mistakes and errors. It does take time, patience and perseverance. As I said above, you can certainly do this yourself if you have the time or you can outsource the work to a reputable firm like Lexington Law you can also call them for a free credit repair consultation at They are highly proficient, completely focused on credit repair and the industry leader with a stellar track record and professional standing.
Plenty of people work on credit improvement themselves. But outsourcing this task is an option you have and one that may be worth considering. Credit Repair Step 1: And when it comes to credit repair, the only way to fully comprehend your situation is to order your credit report, read through it and understand what you are looking at.
Fortunately this is easy and cost effective. You can get your credit report for free once a year from each of the three credit reporting agencies.
You probably already know this. The reason is that not all credit bureaus have the same information. That means one report could have errors, mistakes and problems that sink your credit score but those problems may not show up on the other two reports.
The bureaus have to supply you with a free credit report annually as I noted. But if a someone denies you credit, insurance or a job based on a credit report, the bureau that supplied that information must also provide you with a free report on demand.
The only caveat is that you must make your request within 60 days from the time you learned of the adverse decision by the vendor. Credit Repair Step 2: Since there is so much data involved, your report may contains errors.
That being the case, your first order of business is to read your report very carefully and identify those reporting blunders. My recommendation is to actually print out your report on paper.
Is your personal data accurate? Is your name spelled correctly? Is your date of birth right? Did you actually live in the places the report lists as your current and prior residences? Are all the accounts listed actually yours? Do credit cards show up on your report that really belong to someone else?
Did someone take a mortgage or loan out under your name fraudulently? Is the listed activity accurate? For example, you might see a late payment listed on an account in error.
Look carefully for those mistakes friend. Are the account details correct? Are the credit limits right? Is the type of credit listed accurate? Is any information missing? For example, sometimes accounts you closed long ago are listed as open.
Are the listed items supposed to be listed? The law states that most negative items have to come off your report after seven years. If your report contains stale data, demand that it be removed.See national survey results on financial well-being and how it relates to other factors in a person's financial life.
Free universal credit dispute form letters or credit report dispute form letter to legally dispute errors at Transunion Equifax Experian. If employers conduct a check of your background using a third party, it is covered by The Fair Credit Reporting Act. Here's what you need to know.
Sample Letter - Request to Cease and Desist Date: Name and Address of Collection Agency: Re: Account name and number: You are hereby notified under provisions of Public Law , Section C, The Fair Debt Collection Practices Act, to hereby CEASE and DESIST in any and all attempts to collect the above debt.
Home >> Credit Repair >> Free Sample Letters of Credit Simply copy and paste the letter of your choice into a word document, and replace each variable. The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies.
There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as .