February 22, 2011 10:00 ET

5 Biggest Mistakes People Make in Credit Repair

PHOENIX, AZ--(Marketwire - February 22, 2011) - Credit Repair is not difficult, but you can shoot yourself in the foot if you don't pay attention to a few little things. Here are common mistakes people make which can be easily avoided:

  1. Failing to dispute with the credit bureaus FIRST. Don't first send disputes to the credit card, collection agency or mortgage companies. Always dispute your negatives with the credit bureaus before doing anything else. In the first credit bureau dispute, 10-20% of all items fall off. Get the easy stuff first.
  2. Disputing items online. Never do this! You will not have any written records of your dispute (the return receipt). You will not be able to send documentation backing up your dispute. If you are disputing errors in your name, SSN or address, you have to send your request in writing any way.
  3. Failing to document your efforts. The credit bureaus must respond to you within 30 days or the item must come off. If you don't keep track of when the time is up, you are missing an important advantage. Keep track of when you send and receive letters. You should also make sure you send your disputes certified mail, return receipt requested.
  4. Being unrealistic. If your credit report is in bad shape, there isn't a quick fix. Credit repair takes time, usually from 6 months to a year. Patience is required to see results.
  5. Giving up. The process seems overwhelming at first, especially if you are new to credit repair. Take one step at a time. You don't have to do everything at once. Do things a few days or a week apart. Don't spend more than an hour at a stretch doing anything.

Want to learn more? Visit's free online guide to repairing credit.

Founded in 1997, is a free one-stop destination for consumers looking for free advice on repairing bad credit and rebuilding good credit. It advocates the self-help approach to credit and debt management. Editor and founder of CreditInfocenter, Kristy Welsh, is the author of several books on personal finance, including Good Credit Is Sexy, a tongue-in-cheek guide to managing your credit.

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Good Credit Is Sexy:

Contact Information

  • For Press and Media:
    Kathleen Richards