There are many companies out there that claim to be able to repair your credit. They will charge you for things you can do on your own. Here’s how to do it on your own. You must first get a copy of your credit report from all three credit bureaus (transunion, Equifax, Experian). Many people have errors on their credit report. These must be corrected, and the results could improve your credit score. To remove these items, you must dispute them with the three credit bureaus individually. The credit bureau is then required to contact the erroneous reporter and verify the information. If the information is not verified with 30 days, it must be removed (deleted) from your credit file completely.

By law, credit bureaus are required to provide consumers one free credit report per year. The three major credit bureaus, Equifax, Experian, and transunion have set up a web site, www.annualcreditreport.com, to provide such free report.

The first thing you will want to do is obtain credit reports from each reporting bureau. The three bureaus are transunion, Equifax and Experian. Separate credit reports will help you see what each bureau is reporting, while this can be seen a tri merge report it is easier for the average individual to read separate reports.

Credit score differ because of the credit items that are being reported to each credit bureau, all three credit repositories are independent of each other, and because their are different credit scoring modules. Some creditors only report to one or two credit repositories while others may report to all 3. Transunion is different from Equifax and they are both different from Experian. By all three being independent they all have their own individual credit scoring systems. Lastly, just like there are windows 98, windows 2000, windows xp, etc as operating systems for a computer, there are different versions of credit generation also. Some lenders may use an older credit operating system simply because it is cheaper to obtain credit reports than the latest credit operating system out available.

The primary reason for discrepancies in the three different credit scores is that each credit bureau uses a different scoring module. The scoring system used by Experian is the fair, isaac module, the one used by transunion is called empirical and Equifax uses a scoring system called beacon.

The three national credit reporting bureaus – Equifax, transunion, and Experian – are required to provide you with a free copy of your credit report, by your request, once every 12 months. If you come across inaccurate information regarding any accounts, a good credit repair tactic would be to write each bureau a letter stating that there is erroneous information contained in your credit report. Then state that you would like to dispute that item(s) and always be sure to provide documentation supporting your claim.

When working the restore you credit the first thing you should do is obtain a copy of your credit report through all three of the credit bureaus to find out what is fraudulent and incorrect and what is not. The three credit bureaus are transunion, Equifax, and Experian. You can obtain a free annual credit report without any charge one time per year. After you have discovered what is in error or fraudulent you will need to write each of the credit bureaus that is reporting the incorrect or fraudulent information and dispute it with them. If you have proof of the fraud or incorrect information, it is highly recommended to send that information along with your dispute. If you would like this all can be done online too and you can fill out the dispute forms and submit them online to save some time. You will still need to mail or fax any helpful documentation over as soon as possible too. This can prove to be a timely and difficult process for you to handle alone. There are many attorneys and credit repair companies who can help you to handle this for a minimal fee. Also, many mortgage professional can help out and hold your hand per say, throughout the process and help answer questions and lead you in the proper directions.

Your mortgage broker may pull either a single bureau report, a double bureau report or a tri-merge report when he pulls your credit. There are three credit repositories that they can pull your credit report from: transunion, Equifax, and Experian. A single credit report would simply be just one of the repositories listed, a double would be two of the three and a tri-merge is when they pull all three. Generally most lenders want a tri-merge report pulled and they use the middle score of the 3. If the lender allows a dual bureau report then they will usually use the lower score of the two scores pulled.

Provided by the major credit bureaus, Equifax, Experian and transunion, a credit report provides a detailed account of your credit history.

If you notice inaccurate information on your credit report, talk to your broker or contact the three major credit bureaus. Transunion, Equifax or Experian.