If you want to erase negative credit from your report, but thought it would be too difficult…you’re not alone. As many people assume that it is too difficult to do themselves, credit repair services and agencies earn literally millions of dollars a year in custom from those with financial problems.

However, the truth is you can repair your credit yourself rather quickly and for little or no money. Also, not only is it possible to do it yourself, but it is probable that you would be able to do a better job of it than a traditional credit repair clinic.

Here, in a nutshell, are the 3 major steps you can take to repair your credit history yourself:

1) Obtain A Copy Of Your Credit Report

Every 12 months, you are entitled (by law) to a free copy of your credit report. There are two ways that you can request one from annualcreditreport.com; either fill out and return (to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281) their request form, or call them on 1-877-322-8228.

Once you receive your report, go through it and write down every negative item you want to dispute. Oftentimes, your report will contain mistakes, out-dated information, and even completely false blemishes on your record.

2) Set About Rectifying Out-Dated Information And Mistakes

You need to let the credit bureau know about everything that you want dispute by sending them a letter. Keep it short and to the point. Be sure to include copies of any proof supporting your position. On receiving your letter and any supporting evidence, the credit reporting agency will then evaluate your position. They will get back to you with their decision – either removal of the negative credit marks, or verification of them..

3) Supplement Your Credit Report With Positive Information

This is something that you can do yourself, which even the best credit repair services wouldn’t be able to do for you. Over a period of time, you start accumulating positive marks on your credit report. By simply getting a secured credit card, gas or department store cards, or a small installment loan and paying them on time, you can build up a good recent credit history.

In summary, it’s definitely worth taking the time to follow these guidelines and to learn how to erase negative credit from your report yourself. It’s your credit history at stake, so take responsibility for it.

Technorati Tags: build credit, credit reports, improve credit scores, repair your credit