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Credit Repair Patience
There is one common theme to every credit repair discussion I have…PATIENCE! About 75% of the people I have talked to about credit repair over the last 15 years of my career need to have their credit report repaired in a short time frame. Everything from buying a house this month to I need to buy a car cause mine died, from trying to get a job in a specific industry to I am thinking about bankruptcy! I have heard just about all there is to hear.
What I tell people is, they didn’t get, build, and ruin their credit overnight. What makes you think that you can repair it overnight? The answer is…YOU CAN”T! There is nothing you can do to change that. The world of credit, credit repair, credit reports, and credit scores operate on a due process timeline. You have to allow the laws of our country handle your request in time.
The old “I don’t need credit, I pay cash for everything” doesn’t apply to most. If you don’t have a lot of money there is a real good chance you will need credit somewhere down the road. If you are rich you still may need credit, but what if you lost all that money…then you may need credit again. Even nation averages contribute to the overall big picture.
Start repairing your credit when you do not think you need to, start repairing your credit when you don’t need credit, or plan into your master scheme of things to allow 6 months or so to repair your credit. Don’t think about fixing your credit 30 days before you buy that house, or plan for that vacation, or need to buy that car. Think ahead, remember you need to exercise some patience and allow the laws to handle your request. No one is going to say “ooooo…here is Mr. Soandso’s request, let me handle this right now”. it doesn’t happen in the real real world.
You have to order your credit reports, and wait. Then sometimes you get a letter from the credit bureau asking you to verify your identity, so then you need to send that information…and wait. Then when you get your credit reports back you have to type all your letters and mail them back to the bureaus…and wait 30 days. Once that period in time lapses and you get your requests back 35 days or so later, you may actually have to type more letters in response to the bureaus letters. or maybe you have to send more disputes, so then you have to wait…another 30 days! Now after 90 days or so, you have determined that you need to work on settling your debts cause nothing you can do will get that item deleted from your credit report, then what? You call the collection agency or the creditor, offer a settlement, send the money (…and wait), now you have to either wait for the agency to notify the bureau that your bill is paid and the item gets updated, or you have to mail the bureaus a copy of your satisfied letter and request a manual update…and wait some more. Then to add insult to injury, you may have to wait another 30 days or more for it to actually start helping you, and worst of all…now you have to wait 7 years for that item to drop off your credit report!
So save yourself some stress, save yourself some agony, and learn where others have failed to learn. Exercise some patience in credit repair, it will do a lot for your sanity down the road, trust me!
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