For anyone who is planning to apply for a loan, it would be a great thought to check your credit score and review your credit report. Lenders base their decisions with regards to your creditworthiness on your credit score. This becoming so, you should make certain that your score is according to accurate info. By taking some basic steps, you stand to raise your credit score in as small as 30 days.

Go more than all of the negative facts on your credit report. The negative items would fall below any of the following categories: Repossession; Foreclosure; Write-off; Charge-off; Settled; Included in bankruptcy; Collection amounts; Court accounts for instance liens, judgments, divorce, bankruptcy chapters 11, 7, or 13; Late payments; Inquiries.

Highlight any negative facts which you know are inaccurate or misleading. Some widespread errors consist of duplicate charges, accounts that belong to an additional particular person, or wrong balances.

Write a dispute letter to the credit bureaus concerning the inaccurate information. You have to identify the specific erroneous information, the reason why you believe the information is inaccurate, and what you want the credit bureau to do regarding the error. You may, for instance, ask them to delete or correct the error on your credit report. You need to enclose copies of documentation supporting your dispute, as well as a copy of your credit report with the highlighted inaccurate information.

The credit bureaus are legally obligated to investigate your dispute within 30 days. So, then, you might anticipate a response from them concerning the matter within that time frame so long as you may have clearly communicated the required details and offered them using the documentation supporting your dispute.

Aside from taking steps to correct inaccurate information on your credit reports, there are other steps you can take that can improve your credit score within a month’s time. One of the things that affect the calculation of your credit score is your debt to credit ratio, that is, the total amount of your debts divided by your total credit limits. If you pay off some of your credit card balances, you would lower your credit utilization ratio. The ideal ratio is just about a third of your total credit limit. Knowing this, avoid using up your entire credit limit. The restraint you demonstrate in your purchases would give a substantial boost to your credit score.

There are options available to repair bad credit and raise your credit score. Something as simple as disputing negative items can help. These items can be erased from your credit report, resulting in a significantly higher rating. Click the following link for more information on how to repair bad credit quickly and legally: improve credit score