Need a Credit Repair Before You Start a Business?

If you have less than pristine credit, credit repair is a must. Scrutinize your personal credit report and credit score carefully in case there is a need for repair before you start a business.

If you are unsure of what you are looking at, call a financial adviser or accountant to help you evaluate your personal credit situation. If your credit is not what is should be to secure bank loans to launch a small business, begin the process of credit repair immediately. There are many websites on the internet that promise instant or almost instant repair of credit but your credit cannot be fixed overnight but it can be repaired over time. Some of the techniques that are promised on these websites can actually land you in trouble. For more information, go to

To begin the process of credit repair, go to to get your free credit report (you are entitled to get one free report a year at this website). Go to and order your credit score. Once again, there are many websites that promise you a free credit report but it is tied to something else that you need to pay for. is the only website that will give you one absolutely free of charge.

Check your credit report carefully for errors. If you find an error, do not try to handle the credit repair online or by telephone. Write a letter to create a paper trail. Write a letter something like the following. You may want to consult with an attorney before writing a letter to try to repair your credit.

December 00, 20—
My Name
My Address
City, State, Zip Code

Complaint Department
Credit Reporting Company
Credit Reporting Company Address
City, State, Zip Code

Dear Madam or Sir:
I am disputing the following items in my credit file. The items I am disputing in my credit file are highlighted in yellow on the copy of my credit report attached to this letter.Item # 1: I dispute XYZ Bank Account # 1234567: I was not late on my credit card payment.
Item #2: I dispute the ABC Leasing Company Account #345678: This account was not a charge off and I want this information removed from my credit file.
Under Section 611 of the Fair Credit Reporting Act, I am requesting that you reinvestigate those items I have disputed. Under Section 611 Paragraph 5(A)(i) I request that you promptly delete any unverifiable, inaccurate, or outdated information from my credit report.
I want to know how this investigation was conducted. Please furnish me with the names, companies, addresses, and telephone numbers of all those people contacted for this investigation. I further request that should this dispute letter result in changes to my credit report that all parties who received my erroneous credit report for employment purposed over the past two years be sent a corrected report and all parties who received my credit report over the past year for any other reason be furnished with an updated credit report.

My name:___________________________________________________

Social Security Number:_______________________________________

Birth Date:_________________________________________________

Phone Number:_______________________________________________


City, State, Zip Code:_________________________________________

I request that should this dispute letter result in changes to my credit report that I receive an updated copy of my credit report and notification of what items have been deleted.

30 days is a reasonable time for your verification of these items.


Signature: ______________________________

Your Name

30 Days to Verify Info

Under the law, the credit reporting company has 30 days to verify the information. If it cannot verify the information, it must be deleted from your credit report. If the creditor who placed this information on your credit report verifies that it is accurate, it will remain on your credit report.

Depending on the type of information, seven to 10 years is a long time to have black marks on your credit report. If you still feel that the information is incorrect, take it up directly with the creditor. At the same time, write a 100-word explanation about the dispute and send it to all three credit reporting companies so that it can be included in future credit reports.

How to Contact the Three Credit Monitoring Companies for Credit Repair

When you get your free credit report from, the report will furnish information from all three credit monitoring companies. If you find an error on one company’s report, contact it. If you find that the error is on all three company reports, contact all three. Call or email the firms at the following to get the specific address that you should send your dispute letter to.

After Credit Repair, Plan for Pristine Credit in the Future

Regardless of what your credit report looks like right now, do not give up on it. Follow these four rules to better credit in the future:

  1. Pay your bills on time. Your creditors always want to know two things about you—will you pay back the money you owe and will you pay it on time.
  2. Avoid having too much debt. That’s often easier said than done but keep debt to a minimum.
  3. Limit credit inquiries to your account by not opening a lot of new credit card accounts all at once.
  4. Check your credit record at least once a year and get your FICO score at least once a year.

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