Credit Repair

Is It Possible To Improve Credit Score In 30 Days?

If you want the answer in one word, the answer is yes. It is very much possible to improve credit score in 30 days, but if you are expecting to achieve a very high score within such a short period of time, your expectations are not very practical. Within a period of thirty days, you can improve your score by a few points, that too, if you follow the right strategies with patience, determination, and financial discipline. Sometimes, you may find yourself in a situation where you need a new loan or a credit card, but you are unable to qualify for a good deal just because your FICO score is a few points lower than what is required to meet the qualifying criteria. In such situations, you may like to try the following tips.

Review Your Report And Check For Errors

In 99% cases, you can improve credit score in 30 days by a few points just by correcting the errors on your credit report. People often do not realize it, but as a matter of fact, credit reports usually contain a few entries that are incomplete or inaccurate. Therefore, the first thing you have to do is to obtain copies of your credit report from the three major credit agencies – Equifax, Experian, and TransUnion. Mark those entries that you think are not correct. Gather proofs to support your claim. For example, you may notice that a timely debt payment that you have already made is still not reflecting on your report. So, bring that payment receipt out and file a dispute with the credit bureaus to rectify that entry. The process usually takes a 30-day period. The bureaus do their investigation and try to confirm your claim by contacting your creditors.

Make A Higher Payment Toward Your Existing Debts

Another effective way to improve credit score in 30 days is by making a higher amount of payment toward your existing debts. But, before you do that, talk to your creditors. Tell them that you are going to pay a certain amount of money extra toward your debt accounts and request them to report these payments immediately to the credit bureau agencies. If you are already behind the payment schedule on those debts, try to make so high a payment that should allow you to get current. When it is reported to the credit agencies, you will see a significant improvement in your credit score.

There are a few precautions also that you must take while you are trying to improve credit score in 30 days. For example, you must not make enquiries for new loans during this period because it may have a negative impact on your credit score.

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Posted in Build Your Credit, Credit Repair | 1 Comment »

One Response to “Is It Possible To Improve Credit Score In 30 Days?”

  1. john says:

    Credit Score is a very important proof of one’s financial status. A good Credit Score reflects a person’s financial stability and punctuality towards its debts. If you think that you need a quick boom in your credit score, you have to wait for some time and have to put some consistent effort but if you want to get little point more, it can be done in a time period of 30 days. First of all you should collect your credit report from any of the three Credit Bureaus Equifax, Experian and TransUnion. If you study the report thoroughly, it is quite possible that you will get some wrong entries in your Credit Report; you have to collect some proofs in your favor that these entries are wrong. If you have already doe some payment and your credit report has nothing about it then you may file a dispute against such entries in the Credit Bureaus. The Bureau will confirm the status with in 30 days. One more thing you can do is that if you have existing debt and you are in a position to do a higher payment, it will also increase your score. If you have sufficient fund to pay a big amount, you should go for it so that your status of debt can reach to current state and this will surely improve your score.

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