How to Increase Credit Score? 3 Tips For Quick Credit Repair
The importance of your credit score goes beyond shopping for houses or brand new cars.
The three digit FICO score can affect where you live and where you work.
Creditors, employers, landlords, insurers-all of them are pulling credit reports in order to evaluate applicants.
The growing significance of your FICO makes having a good score a necessity.
Here are 4 simple tips that will help increase credit scores fast.
1 Credit repair services vs Do-It-Yourself approach When it comes to credit repair, a lot of people feel helpless and overwhelmed.
They turn to credit repair companies and pay exorbitant fees.
In reality, there is nothing a credit repair company can do to improve your credit that you can't do yourself.
Besides, there are many scam services which charge you for credit repair efforts before they provide any service or do not tell you your legal rights or what you can do for yourself.
Keep in mind that with the right amount of perseverance and knowledge you can do more for your credit than anybody else.
2 Learn more about your legal rights.
Knowing your legal rights will help you find the right strategy when dealing with collection agencies, credit bureaus and original creditors.
For example, under FCRA (Fair Credit Reporting Act) you can dispute any outdated, incomplete, inaccurate, questionable, biased or unverifiable item on your report.
Credit bureaus and companies reporting to such bureaus are required to conduct proper investigation in a timely manner and correct the error.
If you are not satisfied with the correction, you have the right to add a brief statement about the issue to your report.
Under the Fair Debt Collection Practices Act creditors are required to send written notice informing the debtor that they will place a negative item on his/her report.
If no such written warning is sent, creditors are in violation of the FDCPA.
The more you know about your legal rights, the better your chances to choose the right strategy when dealing with various credit agencies and debt collectors.
3 Which skills do you need to master? The ultimate goal of fast credit repair is the deletion of negative items from your report.
The deletion can only be achieved through "dispute" and "negotiation".
Negotiate with collection agencies till you reach a settlement amount that satisfies you.
Dispute items with creditors, debt collectors and credit bureaus until you convince them to remove the negative item from your report.
In a nutshell-master the art of dispute and negotiation and you are on your way to success.
How to increase credit score? There are many ways to raise your FICO.
Some require financial effort and careful budget planning.
Others require credit knowledge.
Little known secrets and credit tricks can boost your credit in no time.
Once you start thinking outside the credit box, you'll be surprised to find how easy credit repair actually is.
The three digit FICO score can affect where you live and where you work.
Creditors, employers, landlords, insurers-all of them are pulling credit reports in order to evaluate applicants.
The growing significance of your FICO makes having a good score a necessity.
Here are 4 simple tips that will help increase credit scores fast.
1 Credit repair services vs Do-It-Yourself approach When it comes to credit repair, a lot of people feel helpless and overwhelmed.
They turn to credit repair companies and pay exorbitant fees.
In reality, there is nothing a credit repair company can do to improve your credit that you can't do yourself.
Besides, there are many scam services which charge you for credit repair efforts before they provide any service or do not tell you your legal rights or what you can do for yourself.
Keep in mind that with the right amount of perseverance and knowledge you can do more for your credit than anybody else.
2 Learn more about your legal rights.
Knowing your legal rights will help you find the right strategy when dealing with collection agencies, credit bureaus and original creditors.
For example, under FCRA (Fair Credit Reporting Act) you can dispute any outdated, incomplete, inaccurate, questionable, biased or unverifiable item on your report.
Credit bureaus and companies reporting to such bureaus are required to conduct proper investigation in a timely manner and correct the error.
If you are not satisfied with the correction, you have the right to add a brief statement about the issue to your report.
Under the Fair Debt Collection Practices Act creditors are required to send written notice informing the debtor that they will place a negative item on his/her report.
If no such written warning is sent, creditors are in violation of the FDCPA.
The more you know about your legal rights, the better your chances to choose the right strategy when dealing with various credit agencies and debt collectors.
3 Which skills do you need to master? The ultimate goal of fast credit repair is the deletion of negative items from your report.
The deletion can only be achieved through "dispute" and "negotiation".
Negotiate with collection agencies till you reach a settlement amount that satisfies you.
Dispute items with creditors, debt collectors and credit bureaus until you convince them to remove the negative item from your report.
In a nutshell-master the art of dispute and negotiation and you are on your way to success.
How to increase credit score? There are many ways to raise your FICO.
Some require financial effort and careful budget planning.
Others require credit knowledge.
Little known secrets and credit tricks can boost your credit in no time.
Once you start thinking outside the credit box, you'll be surprised to find how easy credit repair actually is.
