Fast Credit Repair
by Ken Lund

How To Raise Your Credit Score

If the last few years have been tough, and there has been some difficulty in meeting your financial obligations, there is a possibility that your credit score has been adversely affected. This will have an impact on your ability in the future to be successful in applying for loans. You may need to consider ways to raise your credit score and thus head off any future problems. Your credit score is like your financial health score. It gives potential offers of credit a measure of your relative risk.

First up, you need to do a stock take of your credit situation. Work out what you have and what you now no longer have. Assess the situation. Be real, be honest, be open and do not leave any stone unturned. What credit cards do you have? What loans do you have? How many store cards do you have.

Make up a spreadsheet of all the details, keeping them in a very safe place. Identify the outstanding balance, monthly payments, and (the scariest part) how much interest you are being charged.

If there was a payment problem in the past, dig up those details, and gather all the information about the repayment plan you agreed to.

To raise you credit score, you will need to know what your current score is. This will involve contacting the relevant credit agencies and credit bureaus and have them supply your details. You will need to get a transcript of your credit history. You will need to take particular attention to the problem areas such as letters of demand, overdrawn accounts, default payments bounced payments, arrears amounts etc.

Once you are armed with this information you can develop a plan to raise your credit score. This will involve some hard work, some letter writing, some phone calls, and above all, a determination to succeed. It can be done. And there is a systematic plan you can follow that will ensure that every possible avenue is pursued to have the poor credit issues resolved or erased leading you to have your credit score raised. It is possible to raise your credit score by over 120 points in as little as six weeks.

At the same time you need to be working on a debt reduction plan. This also takes discipline, hard decisions, prioritisation and a willingness to do the hard yards. Ultimately you can do this, as long as you remain committed and have a comprehensive plan to follow.

Fast Credit Repair

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