There are a lot of ways to do self-help credit repair, but one of the least-known credit repair secrets can help you improve your credit at its very source.

Most people have heard of credit reporting bureaus, yet surprisingly few people take the time to review their credit reports. This is the first of three easy steps to self-help credit repair.

By federal law, you are entitled to review your credit report for free once a year. You can do this online, by phone at 877.322.8228, or through the government’s Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.

Once you’ve received your credit reports, review them thoroughly for errors. (According to a 2004 government study, up to 40% of credit reports contain errors-some of which could negatively impact your ability to get a loan.)

Here’s where one of the least-known credit repair secrets comes in: If you find mistakes in your credit report, you can ask that they be fixed!

Start your self-help credit repair by listing the most serious mistakes first. Then, write a separate letter to address each item on your list. Be sure to use firm language, and don’t take “no” for an answer. If the credit bureau has made a mistake, you have a legal right to have it corrected.

It may take a few weeks to have a new credit report issued, but your efforts could pay off in better interest rates down the road. It’s one of the least-known credit repair secrets, but it’s also one of the most effective ways of doing self-help credit repair.

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