How can I speed up the process? Following these 7 steps will increase your score quickly. Credit Report Basics 1. Order fresh new copies of your credit reports from all 3 bureaus: Equifax, Experian and TransUnion. *We will assist you with this step. 2. Correct all inaccuracies on your Credit Reports. *We will assist you with this step. 3. If you have any negative marks on your credit report, negotiate with the creditor or lender to remove it. *We will assist you with this step. 4. Pay all credit cards and any revolving credit down to below 30% of the available credit line. 5. Do not close your old credit card accounts. 6. Avoid applying for new credit. 7. Have at least three revolving credit lines and one active (or paid) installment loan listed on your Credit Report. Throughout this process, always remember: It takes up to 30 Days for any of these items to get reported and often longer to reflect on your Credit History Reports. Very often we must write a series of letters challenging the credit bureaus. Each time we must allow them 30 days to respond. It can feel like a slow process, but hang in there, because it does work and the end result will save you a tremendous amount of money.
Posted on: Fri, 28 Nov 2014 19:47:59 +0000
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