Boost Credit Scores – Boost Your Score Over 100 Points With 6 Easy Steps

Want to clean up your credit report, but don’t know where to start? Are you trying to get rid of debt, but don’t have the extra money to pay it off? More than 35 million Americans are in the same boat as you. Some seek the help of professional credit counseling services and pay exorbitant fees for things they can do themselves. Others have discovered the benefits of the “do it yourself” credit approach.

Here are 6 simple tips that will help you understand how increase credit scores Quick.

Step 1 Get a realistic idea of ​​where you stand on the credit scale.

Request a copy of your credit report at annualreport.com. If you already got your free report for the year, you may still be entitled to a second free report, if you’re unemployed, turned down for a mortgage or car loan, on welfare, a victim of fraud, etc. If none of these apply, go to the websites of the three major bureaus and request a copy of your report for a nominal fee.

Step 2 Analyze the report in depth.

Take a careful look at your report. Rank all items in descending order of importance: Bankruptcies, Foreclosures, Repossessions, Loan Defaults, Judgments, Collections, Late Payments, Late Payments, Credit Inquiries. Certain items (bankruptcies, liens) are final and not subject to change. All you can do is wait until they disappear from your registry. The rest, however, are negative items that can be changed and even removed from your report. Focus your efforts on the items that hurt your credit the most.

Step 3 Identify any incorrect or outdated information on your report.

Under the FCRA (Fair Credit Reporting Act), you are allowed to dispute any outdated, incomplete, inaccurate, questionable, biased, or unverifiable item on your report. You are also allowed to dispute at various levels: credit bureaus, collection agencies, original creditors. Exercise your legal right and start to dispute.

Step 4 Always request validation of the debt.

If an agency cannot validate the debt (provide proper documentation showing that the debt is yours), then the respective agency has to remove the item. You may be surprised to find that many credit bureaus, collection agencies, and even creditors often do not have the proper documentation to validate the debt.

Step 5 Items that must be paid in full.

There are certain items that must be paid in full if you want to increase your credit score. Items that fall under this category are legal judgments, tax liens, child support, back payments.

Step 6 Items you do not need to pay in full.

The collection are examples of such items. Collection agencies still make a nice profit from you, even if you pay them 25% or less of the amount you owe. Negotiate with them until you reach a settlement amount that you are satisfied with.

Step 6 Delete, delete, delete

You should always aim for the complete removal of negative items from your report. Use all possible strategies: dispute, negotiation, debt validation requests, etc.). Use different approaches with different agencies to achieve maximum results.

There are numerous credit tricks and little-known secrets that will help you increase credit scores Quick. Once you start thinking outside the box of credit, you may be surprised to find out how easy it really is to repair credit.