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Home: Credit Repair - Can I Really Fix My Credit?: Making a List
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Step 2 (Analyzing Your Report) covered how to identify items, both positive and negative on your credit report. Now you have this list, you should rank each item according to the amount of damage they are doing to your overall credit picture. Rank the most damaging information first, followed by the next most damaging information, followed by those items which are neutral. Do this for each credit report, as remember, they may not all have the same information on them. They may even have duplicate information. If this is the case, you will need to write to each credit agency individually for each duplicate item. |
The items here are listed in order of descending importance with the first item being the "most damaging" to your credit.
- Bankruptcy
- Foreclosure
- Repossession
- Loan Default
- Court Judgments
- Collections
- Past due payments
- Late Payments
- Credit Rejections
- Credit Inquiries
Also, if your creditor has NOT notified you of negative information they have recently placed on your credit report, they are currently in violation of the Fair Credit Reporting Act. You can use this to pressure the original creditor to remove the listing by reminding them they are in violation of the FCRA by not notifying you.
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