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What is Credit Restoration

What is Credit Restoration

Credit Restoration: What is it and why do you need it?

Thankfully, after hard work and dedication, I was able to recover from identity theft and decades of credit mismanagement.

But, what if your credit issue isn’t as clear cut as that?

What if you have to do some real credit restoration just to get to manageable bad credit?

This article is dedicated to what Credit Restoration is and why you may need it.

  • When you and your parent share the same first, middle and last name and your credit report has a lifetime of history before you even turn 18 years old.
  • You look at your credit report and it is 20 pages long with negative information.
  • When you have had so many fraud alerts, none of the information you provide on that automated line will allow you to get your credit reports sent to you.
  • When you suffer from multiple foreclosures and you can’t seem to find a way out.
  • Your credit could need restoring for many reasons.

Credit restoration is a term used to describe recovery from mismanaged or bad credit that requires more work than the average bad credit.

If you have suffered from any of the scenarios mentioned above, you need credit restoration that often requires getting around a fraud alert, filing a police report, or continual disputing that could last more than 6 months.

Although these scenarios are challenging, they are not impossible.

If you imagine that you have suffered health challenges, getting the right diagnosis from the doctor can make a world of difference for you.

With diagnosing the most challenging problem comes the correct tools to use to help you manage the diagnosis and obtain a quality of life.

Credit Restoration allows you to diagnose what has gone wrong, prioritize tools to recover, and to help you get back on track.

There are three things you can do to begin your Credit Restoration journey:

  1. Get a police report if you suspect any kind of fraud. Go to the police station in the city that the fraud originated, even if you decide not to press charges against the person that may be found, you can still prove that these debts were not yours.
  2. Write dispute letters for the information on your credit reports that does not belong to you. A good dispute letter will solve most of your problems and there are thousands of them online. You can write the letter yourself or you can get someone to help you or you can use someone else’s letter that has worked before. If you have access to an attorney, they can help you write letters to help you recover your credit as well, but it isn’t necessary to use an attorney.
  3. Read good books. There are plenty of books out there that will give you a great place to start. One such book is Better Than Credit Repair: The Handbook of Credit Mastery.

No bad credit situation is too bad for recovery. Some require more effort than others. Stay determined, like I did, and you will get the results you are looking for.

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If you are interested in starting the approval process off with raising your credit scores for free, I invite you to take my free, four-part, Dispute Letter Mastery Course.

In this course, you will learn how to update your personal information, dispute information that has errors, and delete negative information in order to raise your credit scores 50 – 75 points in only 45 – 60 days. A boost like this can really make a difference in your interest rates, and it is all free.

2 comments

  1. This is an excellent and succinct article for anyone who needs to restore their credit. I know a few who need your advice badly, but I won’t name names as I never want to incriminate myself.

    My brother who owns a business had his identity stolen. The crooks somehow learn enough about him by stealing his mail to open up credit accounts with several stores and services. He only found out about it when the cops told him. It could have gone on for years otherwise.

    • Hello again, G.C.,

      I have read that some people don’t even find out their identity has been stolen for four years afterward! Can you imagine trying to track someone down years after the damage has been done? Fortunately for me, I found out only a day or so after because someone called to verify my identity.

      The average person hasn’t seen their credit reports in 12 months – that is shocking and telling about how much we trust that our finances are safe and private. Definitely forward the posts that strike you to people who you feel could need them. There are share buttons located at the top of each page to hopefully make sharing easy.

      Take care,

      Tamara

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