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Q&A: What is the best and quickest way to raise my credit score?

January 12, 2011 6:00 pm Published by

Question by Savage Henry: What is the best and quickest way to raise my credit score?
My credit score is low. I have recently paid off all my major debt. I have about 6 K in savings, no outstanding debt, creditcards ect. I want to buy a house in the next 2 years. How can i raise my score?

Thanks

Fast Credit Repair
Best answer:

Answer by crazykahlua81
keep paying things on time and what I found that helps….. when I get my bill for discover card in the mail, I pay it all. Don’t leave any unpaid because why pay interest on crap seriously. close most of the credit cards such as sears and target and mainly use just one and pay the bill when you get it. ask for a credit limit credit increase on the one card you use.

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Removing Charge Offs From Credit Report Can Raise Your Credit Score Substantially

January 11, 2011 7:29 pm Published by

What are credit card charge offs? A charge off is a severe credit status a consumer can get on his credit report. It’s in lieu with bankruptcy and foreclosure but not as severe as the prior. Your accounts can only be inside the charge off status when you neglected to pay your bills on time.

Prior to accounts are declared charge offs, the credit providing provider will turn them over to the collection agencies. For those who fail to settle your accounts in the collections stage, they’ll be declared as charged offs by the creditors. Charge offs are treated as expenses by the creditors for the reason that of their inability to collect receivables from their clients.

Charge off status is activated at the end of the year, generally when the credit organizations file their yearly Profit and Loss Statement with the IRS. Even if your debt’s status has been changed as charged offs, that you are still necessary to pay your debt in full or a lawsuit might be filed against you.

One of the elements that negatively affects your credit score is the appearance of charge offs inside your credit report even if you totally settled your account with the provider. Due to the fact of the Fair Credit Reporting Act, charge offs will stay on your credit report for a maximum of seven years.

For those who locate an erroneous entry filed as charge off inside your credit report, you ought to file a complaint with the creditor concerned. If the creditor doesn’t cooperate, make sure you write a complaint letter to all the important credit reporting bureaus carefully outlining the charge off status of the account. The creditor is given 30 days to respond to the complaint and if they don’t respond inside the given timeframe, the charge off item might be removed from your credit report.

However, if the charge off in your credit report is legitimate, you can work directly with the original creditor and make a deal with them. You should avoid cutting deals with collection agencies because this will only lead to lawsuits filed against you. If the original creditor agrees to your terms, you may be required to make partial or full payment of your total debt before they revert back the charge off from your credit report.

By removing charge offs from your credit report, you are eliminating negative factors that directly affect your total credit score. Always remember, an unblemished credit report provides better credit standing for you.



1 Secret Method to Raise Credit Rating by 20 Points

January 11, 2011 6:00 pm Published by

1 Secret Method to Raise Credit Rating by 20 Points

Everybody has his or her own ideas on how to raise credit rating. There are all the same old tricks, which the credit monitoring firms have caught on with. You see I have 1 method that is guaranteed to raise your credit rating by 20 points.

After working in the financial industry for many years, I uncovered a lot of trick when dealing with my clients that proved to be beneficial to my friends and me. I accumulated all these tricks and I going to share one powerful method with you right now.

Raise Credit by 20 points

Call all your credit card companies
Call only the ones you don’t have a balance with or a very little balance (less then 500)
Tell them reduce your credit line to the minimum point
Do this for all the credit cards you own that don’t have a balance or a minimum balance

How will these raise credit ratings by 20 points? You see credit-monitoring firms don’t want you to take on credit, which you don’t need. So if you have credit, which you are not using, get rid of it. You don’t need to worry because whenever you do need you can always increase it back to what you had before because you are qualified for it. So there is no worries on that end.

If you so this for atleast 3 credit accounts you can expect to raise credit score by more then 20 points. See how simple that was, yet no credit counseling firm will tell you that because these are industry secrets.

 

Fast Credit Repair

Now if you are serious about keeping your credit rating very high, I have made a special report that reveals 5 tips that can improve your credit rating by 100 points in less than 1 week. I have made it completely FREE, so if you want to RAISE CREDIT ratings even higher, then claim your FREE 5 Tips to improve credit rating by 100 points copy now!

 

Article from articlesbase.com

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