The first step towards business bad credit repair is to obtain the credit report. A person has to approach credit bureau with written matter to get a free credit report. You may also use online services to get the credit report, as the Internet provides instant access to various credit reporting agencies. In addition, there are certain other tools available on the Internet that help submit disputes directly to the credit bureaus.

An individual needs to obtain credit report standings from at least three websites, because not all reports contain the same information. Get a hard copy of the report and mark all the incorrect information on the credit report. Contact the creditors by phone first, before starting to write dispute letters. A list of creditors and their phone numbers can be found on the last sheet of credit report.

Some creditors do not talk to people, as they send the account information to the collection agency. Therefore, the person has to speak to the collection agency. While considering collection agencies, remember to get everything in writing. Do not send them any money unless the settlement is in writing.

Moreover, while interacting with these collection agencies, make sure that, it is the right agency and they have the authority to negotiate a settlement.

When accepting a settlement agreement, make sure that the agreement is printed on the company’s genuine letterhead. Avoid accepting a hand written piece of paper. If the agreement is successful, the person may ask for the removal of the trade line from the credit report. They term it as “Bulls eyeing the account”. Some do and some do not bother to remove the offending trade line.

Writing Letters to Credit Bureaus:

Still, if people are unable to repair the bad credit with consultants, they can write dispute letters to credit bureaus. It is necessary to be polite in the letter. Here, you may require an investigator. Inform your investigator that the misinformation is affecting the credit, and point out the inaccuracies and discrepancies.

Make a habit of keeping a credit repair diary. It is very important to keep the track of all your efforts to repair your bad credit. Sometimes, “credit repair” companies do not consider the dispute letter process. Do not just keep writing letters repeatedly. Keep some proofs or copies of letters to support claims.

Do not use formal letters. You may find many websites that give samples of dispute letters. Ignore those, since people in dispute department recognize these letters and so, they do not take the complaint seriously.

You need to be persistent. If you owe huge debt, then try to negotiate with the creditor. You have to be patient, as it is not going to happen in one day. In short, you need to be patient, polite, persistent, and organized in all efforts towards your bad credit repair.

Attorney for Credit Repair:

You may also choose a credit repair attorney. There are certain law firms or attorneys, who offer expert business credit repair services. Prepare the list of questions and ask law firms to help you choose an expert attorney for the job of business credit repair.

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P­ro­lo­gu­e

My latest adventure, or should I say mis-adventure, involved rib patrol boats and gunboats mixed in a heady concoction of deceit, death, corruption and desolation. It’s a story that’s still going around and around in my head, and hopefully by setting out my thoughts it will help me come to terms with what must be my experience of a lifetime.