While it’s true that your credit score will be adversely affected by these items, it is also true that you can move past blemishes on a credit report.
You may want to consider doing some credit repair or credit restoration. It isn’t hard to do, and when taken step by step, it can be handled in an organized, manageable way.
The first step that you need to do is to get and review your credit report. I’m always amazed by the psychology of just this step. Most people don’t want to pull their credit report because they “just feel” like it will be bad, and they don’t want to see it.
However, you won’t know where you are at or how to get onto the next phase of recovery until you figure out where you are at.
You have seen all the commercials, and can sing the jingles, for some of the places to get your credit report. There are pros and cons for any of the places you can get your credit report.
The two words of caution I offer here are:
1. You can get an annual free credit report (the one that the government requires the 3 credit reporting bureaus to provide) from annual credit report dot com.
However – if you choose this route – it is free, but it then bumps up the time that a creditor has to investigate any of your disputes from 30 to 45 days.
This isn’t a great option, in my opinion. You’ll understand why after you learn about the dispute process.
Also, be aware that this service doesn’t have to give you your 3 digit credit score – which you might want to know.
2. Most of the other services offer you a free 30 day trial period, and then you get “enrolled” in their credit monitoring program. If you aren’t one to keep track of the 30 day trial time frame, you could end up sucked into paying for something that you wouldn’t normally want to spend monthly money on.
In the next article about your credit report restoration, I’ll talk about how to review your report, what to look for, and how to analyze it.
Annett is a Real Estate Agent/ Broker at Florida Connects Incorporated.
FTL Phone: (954) 543-1794
View My homes for sale at www.FloridaConnectsInc.com
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
The views expressed here are Annett T. Block’s personal views and do not reflect the views of Florida Connects Incorporated.
This information on The First Step To Fixing Your Credit After A Florida Short Sale is provided as a courtesy to our viewers to help them make informed decisions.