One of the main benefits of raising your credit score is the fact that you will be able to qualify for credit card, home and car loans at the best rates possible.
This also means that you will be able to qualify for a higher loan amount thanks to the lower interest rate.
In this article I will go over a couple of ways to raise your credit score quickly.
The first thing you want to do is to find out your scores from the three main bureaus, Equifax, Transuinon and Experian.
Each one is its own entity which means three different scores and slightly different methods for calculating each of these scores.
The good thing is that they all follow the same factors for calculating so a change that you make on a particular account will affect all three in the same way.
The first way to quickly raise your credit score is to get rid of as many negatives on your credit report as possible.
You can do this by sending dispute letters to the credit bureaus disputing the negative accounts on your report.
Keep in mind that each account needs to be disputed separately which means that you should send one dispute letter per account.
If you try and dispute all the accounts at the same time your letter may be flagged as "frivolous" and your request will not be investigated.
Another great way to increase your credit score is to a new revolving account such as a credit card account.
This will help you to begin to re establish new credit.
If you are having problems obtaining one you can try to get a co-signer with good credit apply for the card with you.