Credit Repair

Tips To Do Credit Reapir ASAP

There are several ways out there that can help you do a thorough credit repair ASAP. However, it is very important for you to keep in mind that major improvement in credit score is a time-taking process. No matter how great a strategy you use, you cannot bring a significant increase in your FICO score within a matter of just a few days. However, there are still strategies that can help you bring some small positive changes. Therefore, if you are looking out for ways on how to increase just a few points in your credit report so that you can qualify for a specific loan program, you will find the following information very helpful. The main factors that the health of your credit report depend on include the length of your credit history, age of debt, debt to income ratio, amount of available credit, and payment history. Following is a brief overview on some of the specific actions you can take to improve your condition regarding some of these factors.

Look Out For Unresolved Adverse Actions

When it comes to doing a thorough credit repair ASAP, the first thing you have to do is to request copies of your credit reports from the three major credit bureaus Equifax, TransUnion, and Experian. You are legally entitled to get a free report at least once every year from the credit bureaus. There is no need to hire a credit repair agency to do this. You can place the request on your own and then check the reports for any unresolved adverse actions, such as regarding outstanding late payments or regarding the accounts sent to collections. Contact the lenders those unresolved adverse actions relate to. Tell them that you are willing to make the payment but you want them to report your payments to the credit bureaus the same day. When entries regarding debt payments are entered into your credit report, you will notice a little change in your credit score, which is likely to rise by a couple of couple of points.

Maxed Out Credit Cards

While you are working on your strategies to do credit repair ASAP, the next important factor that you have to work on is the payment on those credit cards where you have reached the maximum credit limit. If you manage to make payment toward those credit card debts, it will add a few positive points to your credit score. The higher amount you pay toward those debts, the better improvement you will notice in your credit worthiness.

Overall, if you seriously work on a few small things with a great sense of financial discipline, you can easily do credit repair ASAP. Though the changes will be small, it can help you qualify for better loan offers.

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

One Response to “Tips To Do Credit Reapir ASAP”

  1. Macc says:

    Every one who depends upon the plastic money has to face the need of Credit Repair either today or tomorrow, because Credit Cards have become the need of today’s life so Credit Repair has to be taken as a necessary step to take. Though, it is a slow process and it gives the result after a long time yet, if you want addition of few points in your Credit Score, you can try an instant Credit Repair because Credit Score depend upon the length of Credit history, payment and Credit history. If you keep an eye upon these aspects, you can increase your score in a very short period of time. First of all you should do a thorough study of your Credit reports. If there is any account in Collection Status or any late payments present on your Credit Report, you should contact the creditors and telll them that you will do the payment but they have to report regarding the payment to the credit bureau at the same day. This step will give a little bit of rise in your score. One more thing you can do is that you should do the payment of Credit Cards of which you have crossed the maximum limit.

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