Fast Credit Repair
by Ken Lund

Raise Credit Score ? 2 Strategies to Avoid

It is entirely possible for people to use raise credit score techniques without the help of a hired professional. With just a little organization and time, you can get your credit repaired just in time to get approved for a loan. Unfortunately, those who prefer the do-it-yourself method often end of making matters worse by doing things that actually affect them in a negative way. Don’t fall victim to raise credit score methods that hurt you by implementing some of these myths.

Myth #1: Closing Credit Card Accounts can Raise Credit Score
This is generally not the case for two reasons. Lenders like to see a long credit history on your report. The less history you have, the lower your credit score will be. Secondly, closing accounts can limit your available credit to debt ratio. If you are closer to maxing out your credit cards, that does not bode well with lenders. They like to see that you have lots of available credit because that is an indication that you know how you manage your money and pay back your loans on time.
Myth #2: Piggybacking Works
Piggybacking used to be an effective method to almost instantly increase your credit worthiness. This was the process of having someone with good credit add you to their accounts as an authorized user of the account. In doing so, their credit history would end up on your personal credit report. As a result you would have a glowing report. Unfortunately, people starting abusing this loophole by selling their information to people with poor credit scores, which corrupted the integrity of the entire FICO scoring system.

These are just two of many credit score myths that exist. Repairing your own credit is entirely possible, but only if you know what you are really doing. Don’t fall victim to practicing techniques that can actually make things worse.

Fast Credit Repair

Free report at: www.CSBCards.com – (*24hr Recorded Message (775) 473-9014*) CREDIT REPAIR: info from the credit secrets bible Rebuild Credit: Insider Credit Repair Techniques to Improve Credit Score Fast! What’s the fastest way to raise your credit score? To quote the classic magazine salesman from the movie Office Space “That all depends”… While the removal of negative items from your credit report will almost always result in an increase in your credit score, there is a method that works better. Here’s why. Adding positive accounts is actually more effective at improving your credit score (in the short term) than removing negative one. Unfortunately, few consumers or credit repair companies know this. One of the biggest problems with trying to get approved for new credit is that you need to “have” credit in order to be approved. This causes a sort of catch 22. How does one “get” credit if no one will give them credit because they don’t have any credit to begin with? A vicious cycle indeed, but a real one. However, if you have someone you can use a cosigner this is NOT a problem. Simply have them cosign on the new credit application for you. If you don’t have a cosigner, read on. Contrary to popular belief (or what myfico and credit repair companies would like you to believe), the largest factor in building a solid foundation for your credit score comes down to two credit scoring factors: 1.) The “High Credit Limit” and 2.) Your “Debt to Credit” Ratio Your high credit …
Fast Credit Repair