Bad credit repair and how to overcome bad credit.

Bad credit repair is a common problem and more are seeking help with credit repair, particularly because of the economy we are in. Many have become overextended and need some help either because they are in situations through no fault of their own or because like so many of us, got caught up in the prarie fire called the inflated housing market.

Bad credit repair is possible and having bad credit is not the end of the world. Some deep analysis will be required here. Your going to need to start with your credit report if you haven't done so already.

Three credit reporting agencies are used here in the U.S. I'm not sure about other countries or if these I list here work in other countries. The major 3 credit reporting agencies are:

Experian Transunion Equifax

You must check your credit report at least once a year!

Once a year is the minimum though. If your credit is ever stolen, the thief can make off with a lot in a year. I would recommend at least three times a year. I check mine monthly.

You will not damage your credit score by checking it to often yourself. You are free to check it as often as you want. Your credit score will go down if others, like creditors are checking it to often.

Or if you are applying for too many credit accounts in a short period of time. The second part of the analysis is whether your credit is bad because of any fraudulent activity on someone elses part. If this is the case and you are seeing accounts on your credit report that you did not open or apply for you need to put a fraud alert on your credit report right away!

You should be able to get the phone number of each credit reporting agency from their website. Do not wait, do this right away if you see accounts you do not recognise!

I'm putting in a link here to take you to a page where you can get your credit reports. Equifax is one of the credit bureaus you will need to get a credit report from. Equifax 3 in 1 credit monitoring will provide you with your credit reports from ALL 3 agencies at less than $11.00 per month! I get my credit reports this way and it is money well spent! Bad credit repair begins with knowing what is in your credit report.

You can check your credit reports as often as you want to without affecting your credit score and you will be the first to know if anything that shows up in them are accounts that you opened or not.