Jan 12
17
How Can I Raise My Credit-A Easy System to Boost Your Own Credit
How Can I Raise My Credit-A Easy System to Boost Your Own Credit
Article by Darin Sewell
I need a way fix my credit ASAP! If you have ever been rejected for a loan or even insurance that you wanted very badly then you have probably said these words in your braiin. But like alot of consumers you are probably very confused and not sure about whats involved in fixing your credit.
How To Fix Your FICO Score Yourself
the first thing that you are going to have to do before you can start to fix your credit is discover exactly why your credit score are bad.
The only way that you can do this is to get a copy of your credit report and scan it it for false information and other information that will cause your credit scores to sink lower.
What Am I Trying To Find Exactly
When studying your credit report you want to look first for wrong information. Mistakes on your report are accounts that have information that is not true. It could be that a past due payment is noted when there never was a past due payment, or even the limit is reporting wrong and the report thinks that your balance is far over the account limit.
Derogatory information is information that is negative in nature and true. This information is often late payments, charged of accounts, collections, judgments and bankruptcies. All of these will push your credit scores down quickly.
What Can A Person Do After I Find This Information?
First make a list of the said accounts so they are separated from your good accounts. Make sure that you arrange these accounts so that the oldest account is listed first and the newest is listed last.
Next You will need to write a credit dispute letter for the first two accounts to each credit bureau that is reporting negative information on this account. This is important because there are three bureaus and they all report differently so you want to make sure that you are not sending a dispute letter to a bureau that is not reporting negatively about you!
What Is On a Credit Dispute Letter and Why am I Writing It?
This letter is basically telling the bureaus that you do not agree with the information they are reporting. The credit dispute letter that you are writing should have your account number, your name, address and social security number. You also need to state the reason you do not agree with the account information.
How Will a Letter Help Me Repair my FICO Score?
Once your letter is received the bureaus under Federal Law must investigate this information with the original lender. If the original lender does not or will not provide proof of the information then the bureaus must remove the item. Once the negative item is removed from your report your scores should increase and your credit should be fixed a little bit.
About the Author
One Final Tip To Help Boost Your CreditIf you are unsure on how to go about doing Self Credit Repair Repair then pick up a good book or guide on the subject. I Recommend the ones at http://www.creditfix123.info
