Increase Your Credit Score With These Tips
You need a good credit score in order to get quick approval on credit applications and to pay the lower interest rates. But how can you get a good score? By sticking to the guidelines mentioned in this article you’ll be well on your way to an improved score and the rewards it brings.
Removing incorrect items off your credit report is the quickest way you can improve your credit score. It’s quite within the average person’s capability to do; you don’t have to engage the services of a credit counsellor.
You just need to get a copy of your report; which is available for free once per year from annualcreditreport.com. When you receive it you need to look it over for any inaccuracies it may contain. Data operators can make mistakes when inputting information and identity theft does occur so you want to check it over for any errors.
If you come across any mistakes in your credit report, for example inquiries on your report that you didn’t personally make; paid accounts showing up as unpaid or late; you can query these by writing to the credit agency and disputing them. Legally you are permitted to do this. When sending the dispute letter it is wise to enclose copies of any check stubs or receipts that can back your claims. Keep your originals.
Post the letter by certified mail so that you have confirmation of the date it was sent. When the credit agency receives the dispute letter they will make contact with the creditors or lenders involved to confirm whether the items you are disputing are inaccurate.
There is a 30 day period in which the credit agencies must execute this however it may be a bit lengthier than this if the other party involved takes longer to get back to the credit bureau. If the disputed item cannot be proven as accurate, then the item in dispute will be taken off your credit report.
This method for removing inaccurate items off your credit report is one of the quickest ways to increase your credit score. It is a little time consuming looking over the credit report yourself, but well worth it if you can get some negative items removed off your report and by doing so, increase your score. Then you’ll be able to enjoy the advantages a good credit score produces.