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Repair Credit – But Learn How to Time it First!

Todays Date: November 12, 2018

To get the most out of your credit repair process, you need to time your credit repair efforts properly. This might not be something everyone can do because most of the time people simply need to get it done because they have put it off for far too long. So, as a rule of thumb, the best time to fix credit is NOW. Just get it done.

But if you have a large amount of outstanding collections and old bad debt, you could do yourself some favors. If the debts are really old, then you might not want to dispute them because after 7 years of no activity, they should just go away on their own. Disputing the accounts could actually reactivate them. Paying those old accounts could also reactivate them, thus giving the creditor more time to keep reporting them against you. If the accounts have a zero balance, then you should dispute them because removing old zero-balance collections from your report can and will greatly improve your credit profile. Do NOT hesitate to dispute collections or bad accounts that have no balances on them. Generally, creditors won’t respond to that kind of dispute since you don’t owe them anything. Then, when they don’t respond, the account is deleted and that is a good thing for you.

If you have small debts that you can pay off, you ought to go ahead and pay them off. Right after you pay them off, go ahead and dispute them. You could well get lucky and the creditor might not respond to the dispute since they will see that the account has been paid. Or the creditor may update your balance to zero more quickly than they would otherwise have done.

If you are in the middle of a bankruptcy, don’t do credit repair until it is discharged. If you are paying on bad debt, don’t do credit repair until the accounts are paid in full. If it is a judgment you are paying on, don’t dispute the judgment until you have completely paid it off.

If you are interested in an online tool that can help you create your credit repair letters in a matter of minutes—for FREE—check out the Credit Repair Letter Wiz™, which can be found at http://creditblossom.com/Content/LetterGeneratingTool.aspx .

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