Ever think how a specific soul raised their credit score to 750. Well, I used to ask myself that same question until I evoked applying the five sure killer steps to my situation. Once I started using these techniques, my three digit number started increasing overtime.
How to boost my credit score step 1- Ask for a credit increase
Ask your creditor to bump your limit that way it will trim your balance and give you a slight bump up in your score.
How to increase my credit score step 2 - Employ for credit sparingly
Don't solicit for many accounts in a short period of time because the credit bureau will transmit a Trans Alert to the creditors informing them that you have applied for multiple accounts.
How to increase my credit score step 3- Re-aging
Ask your creditor to re-age your account to improve your credit score. This practice is the process by which your creditor agrees to purge your late payment history and reclassify your account as up to date. You must qualify for re-aging according to (FFIEC) Federal Financial Examination Council and must establish and follow a policy that requires you to demonstrate a renewed willingness and ability to repay the debt. The account must be at least nine months old, and you must make three consecutive minimum monthly payments.
How to increase my credit score step 4 - Rapid re-score
In this arrangement, the lender will review your credit report and tell you which item needs to be paid off or fixed. You will then pay off the negative items and get proof from the creditor. You then give the proof to the lender who will give it to the third - party vender who passes the information to the credit bureau. The bureau will then update your credit report reflecting your new credit score. This strategy is used primarily when you are trying to get a home. This feature is offered by a third - party vender, and the company is contracted by the credit bureau, not to offer the service to the public, but only to mortgage brokers.
How to increase my credit score step 5 - Have the credit bureaus add new accounts
Ask the credit bureau to add any account with a payment history that is not reflecting on your credit report.
Concluding, raising your credit score is not an easy task because it takes education, time, money and patience. Remember the saying that Rome was not built over night. This concept also applies to your three digit number. Now that you are empowered with additional education, gout there and take action.
Author Resource:
Mark Clayborne is a Certified Credit Consultant with ten years of experience assisting consumers with credit issues. For more powerful secrets on credit repair, debt settlement, stopping collectors, rebuilding your credit, and raising your score, please visit the Credit Expert website a Free Restore your Credit E-class at http://www.hiddencreditrepairsecrets.com
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