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Whatever your background or record, you can take some simple and quick steps to begin your own credit repair. It costs nothing and you can begin right away - but the results can be tremendous!

The first step is to get copies of your credit report, read them, and understand them. There are three credit reporting agencies, and there can be differences in your file between them.

By law, consumers are entitled to one free credit report from each of the these agencies, TransUnion, Experian, and Equifax. You can get one from each agency, each year.

The Federal Trade Commission, or FTC, has set up a website where you can order them: annualcreditreport.com. Be careful of any other website that claims to offer you free reports - this is the “official” site, and any others have strings attached.

As soon as you receive your reports, you can begin the process of credit repair. You will start by going through these files line by line.

Along with the report, you will get a “dispute” form - or an address where you can get it. This is where your initial credit repair efforts will focus.

For every entry that is incorrect, inaccurate, or outdated, you will be filing a dispute. Provide the correct information, or why it is incorrect, such as a debt that has been paid but not removed.

By law, the credit reporting agencies have 30 days to verify the information being disputed. If they cannot verify it, or don’t do so within the allotted 30 days, those entries must be removed from your credit report.

By taking this simple step, you will find some of those negative entries will come off your credit report, and as such no longer contribute to a low credit score. In some cases, this can boost your score by hundreds of points!