Improve a Credit Score - Three Tips to Improve Your FICO Scores and Boost Your Credit
Do You Want Better Credit? Ask anyone with bad credit and they will tell you that they would like to improve credit score problems that keep them from getting loans, insurance, jobs and even apartments! Most of these people have no idea how to improve credit scores and are confused.
Three Easy Ways To Fix Your Credit Report Tip #1- One of the simplest ways to bump up credit score is pay down your outstanding debt to acceptable levels.
To the scoring bureaus the acceptable level is a balance at or below 50% of your limit.
Once you go over 50% your scores will drop fast.
If you cannot pay down the debt you can try to get account limit increases or spread the balance around to a few accounts, just do not start spending again if you use this method! Tip #2- There is an old credit repair trick that although not as effective as it once was still works a little bit.
This trick is called piggybacking.
What this involves is getting added as an authorized user on a account that has a low balance, good payment history and is held by someone with good FICO scores.
This can be a friend,family member or anyone you know that you can trust.
Once added the account will appear on your report and give you a small boost, just make sure to pick some one responsible because if they start paying late it will reflect on you to! Tip #3- Arguably the best way to increase your FICO score is to do self credit repair and get old and negative information removed from your report.
This is an easy process that involves disputing the negative information with letters sent to the reporting bureaus.
When they receive the letters they will investigate your claims and if the original account issuer cannot provide proof of the negative information it will be removed.
Once removed your scores should jump up a great deal, but you must also pay your bills on time and start reducing debt if you want this method to work.
Three Easy Ways To Fix Your Credit Report Tip #1- One of the simplest ways to bump up credit score is pay down your outstanding debt to acceptable levels.
To the scoring bureaus the acceptable level is a balance at or below 50% of your limit.
Once you go over 50% your scores will drop fast.
If you cannot pay down the debt you can try to get account limit increases or spread the balance around to a few accounts, just do not start spending again if you use this method! Tip #2- There is an old credit repair trick that although not as effective as it once was still works a little bit.
This trick is called piggybacking.
What this involves is getting added as an authorized user on a account that has a low balance, good payment history and is held by someone with good FICO scores.
This can be a friend,family member or anyone you know that you can trust.
Once added the account will appear on your report and give you a small boost, just make sure to pick some one responsible because if they start paying late it will reflect on you to! Tip #3- Arguably the best way to increase your FICO score is to do self credit repair and get old and negative information removed from your report.
This is an easy process that involves disputing the negative information with letters sent to the reporting bureaus.
When they receive the letters they will investigate your claims and if the original account issuer cannot provide proof of the negative information it will be removed.
Once removed your scores should jump up a great deal, but you must also pay your bills on time and start reducing debt if you want this method to work.
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