In this article I’m going to share with you 7 tried and tested techniques that will improve your credit quickly. These techniques will work for 90% of individuals that find themselves in the position of having to live with poor credit.
1. The first step to improving your credit score is obtaining your free credit report… But buyer beware… The word free means free, do not fall for the old give us your credit card number trick. If you are in doubt do not hesitate to contact the credit bureau and ask for advice… After all that’s what they are there for.
2. Upon getting your credit report check out your credit rating to get an idea of where you currently stand. No matter what your current credit score is at this very moment your goal is to raise your score to 700 or above. Anything below 700 will need some improvements.
3. Now that you know where you stand highlight any discrepancies that you have found on your report. Take note of errors such as your name and address, job etc… If you come across something on your report you should challenge it also. Send a letter of dispute to all three credit agencies along with any proof of your claims.
4. I cannot stress enough the importance of this section. You will want to check the dates of ALL of your accounts. You are looking for those accounts that are seven years old or more. According to the credit consumer law the agencies must remove the accounts in question. REMEMBER IT IS THE LAW AND THEY MUST ABIDE.
5. Start making arrangements for any late payment entries that you may have on your report. Simply approach your lender and let them know that you are fully prepared to workout something. If the lender refuses to work with you, immediately contact the credit bureaus and report the entries as errors. The lender now has to respond within 30 days to any disputes and if they don’t the bureaus are bound by law to remove any and all accounts from your credit report.
6. It’s time to start paying down your debts. This is crucial if for whatever reason you foresee that you are going to be late paying your debt I highly recommend that you contact the lenders right away. Let the lender know your situation and that you want to workout some sort of payment arrangement.
7. When paying your debts down you should always start with the debt that has the highest interest rate first. If your current budget allows for it I recommend that you pay a little extra instead of the minimum requirements.
You have discovered techniques that have been proven to get you results. If you execute each step to the letter you will drastically improve your credit report. Obviously there is no way for me to tell you everything there is to know about credit repair in this article. I recommend that you use the following credit report system and follow each of the detailed steps to improve your credit report rapidly.
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