Tips from Equifax on Cleaning Up Your Credit

October 15, 2013

Credit report cleaningEnd this year and start the next one with your finances in order to secure a quality Chicago mortgage for your next house hunt! Learn how to do just that in the new Equifax Finance blog article, “

Four Steps to Cleaning Up Your Credit Report.”

The first step is to get a copy of your credit report. You can get a free copy once a year from each of the three national credit reporting agencies, or one about every four months. When you pull your credit report, you can also order your score from that agency at the same time for an additional small fee. The article recommends carefully going through your credit report to get a good idea of where you stand account-wise, look for errors, make sure negative information has fallen off after the appropriate amount of time and get your accounts in good standing (meet all of your minimum payments).

If you do find any errors, file a dispute with the agency with which you found the error. The agency has 45 days to investigate your dispute and respond to you. If an error is found in the investigation, the agency will notify the other two agencies and let them know of the mistake and updated information. When you communicate with your lenders and a credit reporting agency, keep detailed notes on your conversations, including dates and the names of the representatives that helped you.

Get your paperwork in order. Before time gets tight with the holidays, take a few hours to pull out all of your paperwork, organize it into category (credit cards statements, mortgage paperwork, medical documents, insurance paperwork, tax returns, etc.). Put your paperwork in folders by category. If you’d like, you can scan your paperwork, save it to your computer and back it up to an external hard drive for additional safe keeping. Shred any paperwork that you no longer need.

Create a

budget to pay off your debts. If you have accounts that are behind; get those up to date first and create a plan to start working on paying down your debts. Each small step forward will add up to an improved credit report and score.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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