Guidelines For Increasing Your Credit Score
You need a good credit score in order to get quick approval on credit applications and to pay the lower interest rates. But how can you get a good score? By sticking to the guidelines mentioned in this article you’ll be well on your way to an improved score and the rewards it brings.
The fastest way to improve your credit score is to get any inaccurate items removed from your credit report. You don’t need to hire a credit counsellor in order to get this done; it’s quite easy to do for yourself.
You do need to obtain a copy of your credit report though. You can get one for free from annualcreditreport.com. Once you get your copy, you want to check over it for any errors. Mistakes can be made by those entering data onto your report and identity theft is on the rise, so need to give it a good look over.
If you happen to discover any errors on your credit report like inquiries you have not made or accounts that have been paid that are showing up as late payments, you are legally entitled to write to the credit bureau and dispute the error. To help your case it is advisable to provide proof in the form of check butts or receipts. Keep your originals and attach photocopies of these items to your letter of dispute.
It is worthwhile sending the letter by registered mail so that you have evidence of the date it was sent. Once received by the credit agencies, they must contact the parties involved on your behalf, and wait for them to provide proof that the item in dispute is accurate.
The credit agencies have 30 days to hear back from the creditors; however it may take more time than this if the creditors have difficulty locating their records. If the items in question are not able to be verified by the parties involved then those items, by law, must be removed from your credit report.
This method for removing inaccurate items off your credit report is one of the quickest ways to increase your credit score. It is a little time consuming looking over the credit report yourself, but well worth it if you can get some negative items removed off your report and by doing so, increase your score. Then you’ll be able to enjoy the advantages a good credit score produces.
If this article has been helpful then take a look at fix my credit for more useful advice and tips on how to fix credit in 30 days
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