A credit score is actually like water; it’s a very liquid. All it takes is the right type of action and you can raise your credit score fast. It’s actually very easy, but it does involve a few steps which include:
- Obtaining a current credit report from all three independent credit bureaus. This is something to which you have the right. If they try to charge you for it, fight them on it. Many times, they will use a ploy like: “You can have (take your pick of credit bureaus) monitor your credit every day of the week for only $19.95 per month. Just fill out the information to the right and we will charge you every month so you can have an up-to-date picture of your credit.” They usually have a 30-day come-on where they say you can have a full month for just $1, that’s right $1. If you are not completely satisfied with the information you receive simply call the service department and ask them to stop the service and any money will be refunded, but we are sure….” This is your right, under federal law, so, though, they may try to charge you for it, say no and if they continue to play hardball, ask the Federal Trade Commission to look into their practices.
- Look closely at not only the credit score but also at any accounts that may be listed. Indeed, all of your credit accounts should be listed and you should be able to see whether you are paid up or behind.
- If you find there are some discrepancies between your records and the credit report, contact their consumer line and open a complaint.
- Find the accounts where you may be slightly in arrears, call the vendor, and arrange to bring them up to date as quickly as possible
- Look for any charges that may look strange to you to make sure that no one has hijacked your identity.
- With all firms contacted with whom you do business, if you are still having trouble, bring in a specialist firm that will help you consolidate all of your credit into one lump sum payment every month and agree to pay that figure over a certain number of months. It may take up to 48 months to complete the program, but you will see that once you are making progress in paying down your debut your credit score should start to rocket up.
To areas where you want to pay close attention are personal lines, which don’t require any sort of collateral and which you must pay down as quickly as you can. Be sure those lines are also included in any programs you start.
As you can see, it doesn’t take long to turn your credit score around and have it rocket up, it’s just having the fortitude to stick out the program because it is not easy to live under, but the rewards in repaired credit are great.