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Before we roll up our sleeves and take the gloves off I highly recommend that you bookmark this article. You will need to refer to it repeatedly. I also recommend that you get something to take notes with.

Before you can worry about repairing your credit history you must first get your affairs in order. You can only accomplish this by first getting organized. So let’s begin by creating a list of your current income. This means including everything from government checks to pension checks. Now that you know what you have coming in on a monthly basis it’s time to figure out your expenses such as car payments, school loans, utilities, rent etc. This is considered a balance sheet and by putting one together you will have an excellent idea of exactly where you are going wrong with your personal finances.

Now the fun begins… It’s time to contact your creditor and negotiate with them on terms of repaying your loan. This step is crucial towards repairing your credit repair history. Once you and your creditor have come to some sort of agreement regarding terms of payment make sure you don’t forget to request that they remove all negative marks from your credit report. Once all negotiations are final you will want to get everything in writing. Do not trust the creditor to write up the agreement… Do it yourself… You write up the agreement and mail it to the creditor along with a self addressed stamped envelope.

If you have a history of delinquencies, and a low credit score, I highly recommend that you write a letter asking the creditor to change any charge-off to a, “paid as agreed”, or “paid in full, on-time.” This process can also be used when dealing with collection agencies and credit attorneys. Remember you do not pay a single dime until the creditor has signed your agreement. If you send the money along with the agreement chances are you deal will be dead. Bottom line… Get it in writing first!

The next method that I recommend to my students is to start a new line of credit. This method is very easy all you have to do is get an secured credit card, secured loan, or an car loan. Out of the methods that I have listed getting a secured credit card is by far the easiest one. It is also important to note that the balance of your secured credit card should never be more than 20% of the maximum credit offered.

The information that I have given you in this article is guaranteed to help you repair credit history fast. Hands down this article is a great start, however it isn’t enough to give you the financial freedom that you truly deserve. Without correcting the errors currently on your credit report all of your efforts will be worthless. Unless you have some rare credit situation I suggest that you not waste your time attempting to repair your credit yourself. Don’t take my word for it visit the website of the Federal Trade Commission who will tell you… “There is nothing that anyone can do for you that you cannot do for yourself.

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