Contact Creditors

Once you have taken a look at your credit report and determined that it

is accurate, the next step in credit repair is make contact with the

creditors that you have delinquent accounts with. You have to deal with

these accounts as soon as possible in order to repair your credit

successfully.

In many cases, the top priority for the creditor will be to recover as

much of the receivable as possible. Many people are surprised how

accommodating they can be in terms of arranging a payment process:

in many cases the creditor will eliminate the interest, or even lower the

bill itself it return for immediate payment. If you can't pay right away,

propose a payment plan to the creditor that you can stick to - creditors

will be accommodating to most payment proposals as, again, their

primary interest will be in recovering the debt.

Remember, of course, that the whole reason you're doing this is for

credit repair: under no circumstances should to commit to a payment

plan with your creditors that you won't be able to meet - it will only

make problems much worse down the road. If a creditor has had

repeated problems with a customer, it's unlikely there will be much trust

in the relationship, and they probably won't want to help you out.

Instead, pick something you can stick to and explain you financial

situation to the creditor. By doing this you can often achieve credit

repair quite quickly.