Simple Ways To Fix Credit Score
One of the simplest ways to fix credit score is getting inaccurate information off of your credit report. Better than half of all credit reports have errors that could keep your credit score lower than what it should be.
That means you could be paying higher interest rates, get loans denied, and even lose employment opportunities just because of your credit report. So now that you know how important it is to fix your credit score here are a few easy ways to do it.
Check To See What Is On Your Credit Report
Mistakes on your report can take 30 days to clear up so get your report immediately and start looking for any errors.
Use a legitimate service to get your credit report and credit scores.
When you order your own credit score, it does not lower your score as long as you get your credit report from a legitimate service. This is a simple and effective way to fix credit scores.
Correct Any Mistakes
Credit report mistakes can occur for a number of reasons like the report might contain someone else's' information. Hand written applications are another cause of mistakes especially if someone can't read your handwriting. Even Social Security numbers get entered wrong and that could cause major problems with getting the correct credit on your report.
If you do find errors, make a copy of your credit report and circle the incorrect items. Then, write a letter to the creditor who reported that statement to the credit bureau that you disagree with. Send any proof or copy of a document that supports your dispute for faster service.
Send another letter to the credit reporting agency with a copy of the document that supports your dispute. If you send these letters by certified mail with return receipt requested, it gives you proof that the letter was received.
Bring Down Your Debt Ratio
Another easy way to fix credit score is to lower your debt ratio with your credit cards. As an example, if you have a credit card with a $6000 limit and you have a $4500 balance, your debt ratio is at 75%.
But if your credit card company raises your limit to $10000, with the same $4500 balance, your debt ratio is now only 45%. One phone call to ask them to raise your limit can work to fix credit scores fast. Try to stay below 50% of your available credit limits in use for optimum benefits.
Keep Old Credit Accounts Open
Leave old credit card or charge accounts open because it raises your debt ratio if you close them. Credit scores are based on how much available credit you have along with your credit balance. The length of your credit history also plays an important role with your scores. So just by keeping old credit accounts open you can fix credit score.
You can see there is nothing hard about these simple ways to fix credit score. If you would like to learn even more easy ways to fix credit score visit Credit Secrets Bible the #1 best selling credit repair guide since 1992.
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Regardless of your current credit situation
