There are many reasons why you should repair your credit on your own instead of using debt consolidation services.  You’ll be able to track your progress and you won’t have to fall into the trap of being scammed with the consolidation services.  These services are in business for a reason and it isn’t to help you, it’s to make money.

Repairing credit on your own isn’t that hard.  I’m going to provide you with some simple steps you can take in order to make the repairing process a little easier.  As long as you take action and follow these simple steps, you shouldn’t have a problem repairing credit at all.

1.  Get your credit report.

The first step you’re going to want to take is to get a hold of your credit report.  These reports can be obtained free courtesy of the government.  Follow this free credit report link and get your report today.  There are no strings attached, I promise.

You’ll quickly notice that you can get a report from the three main companies.  These companies are Equifax, TransUnion, and Experian.  Most of them are similar but you may notice on some that there may be slight differences.  If you want to get a report from all three, do it.  If not, one report will be just fine.

2.  Check for inaccurate information.

When you have the credit report in your hand, it’s now your duty to study each and every piece of information on there.  Carefully look through every credit account open.  You’ll notice that every piece of credit you have opened in the past will be on here.  If anything looks inaccurate, write it down on a piece a paper and save this until the end, when you’re done looking the report over.

3.  Contact the credit bureaus.

If you do have some inaccuracies on your report, you’ll want to contact that particular credit report company.  They will be able to guide you in the right direction so that you can get it taken off of your report.  If you don’t have any inaccuracies on your report, you’re on the right path to cleaning up your debt.  This simply means that your debt is 100% because of you and not because of these errors.

4.  Close old accounts.

We will now need your credit report once again and what I want you do is go through every credit account that’s still opened with a $0 balance.  You’ll want to cancel these right away.  Don’t worry about your credit score because closing these accounts won’t do you any harm.  If you’re in debt, your credit score is in the dump anyways and everything related to your credit score will slowly build up over time when you attack your debt hard.

5.  Try to transfer.

Try to look at how much debt you have.  Is it all from credit cards?  Is some of it from loans?  Depending on where your debt is coming from, you’ll want to potentially look into get a 0% credit card for 12-24 months.  If you can consolidate all of your debt onto a credit card like this for 1 to 2 years, you can can easily pay off your debt because you won’t have to pay the outstanding interest.  If the credit card deal expires before you can pay it off, try transferring it to a similar card for another year.  The goal in the long run is to pay 0% interest as much as possible.

6.  Kill your debt.

This is the easiest out of all of them.  Once you know where your debt is coming from, start attacking it!  Start getting new jobs and gather as much money as possible.  My word of advice to you is to pay off the highest interest rate first while paying the minimums on everything else.  NEVER miss a payment while doing this plan, it will just hurt you more with finance charges!  As long as your reach the minimum on most of your other cards, you’ll be just fine.

Repairing credit yourself isn’t that hard.  These simple steps can hopefully put you on the right track when you’re looking to repair your credit.  Follow these steps, study your debt and take action.  As long as you can accomplish this, debt will be gone in no time.