People ask all the time about fast credit report repair. While it is true that there is no quick fix for bad credit, there are several easy steps that you can take to fix your credit faster than you thought possible.
Dispute Questionable Items
Any items that are negative and either incorrect or questionable should be disputed with each of the three major credit bureaus. Once you have filed the dispute, the creditors will have thirty days in which to verify that the information they are reporting is accurate. If they fail to do so the items will be deleted from your credit file.
Pay Down Revolving Debt
Paying down your credit cards a great strategy for fast credit repair. This should come as no surprise since the ratio between your credit card balances and limits accounts for 30% of your total credit score.
Pay for Delete
If you have a collection account, don’t just pay it off! Get an agreement between you in the lender in writing that states that if you pay the account off in full, they agree to delete all negative history of the account from your credit file.
Piggyback
If you have a parent or spouse that has great credit, why not ride on their coattails? Have them add you to a credit card account that has a low balance and high limit. You will benefit from the entire history of their account.
Debt Validation
If you have an account with a collection agency, make them prove to you that you owe THEM the money. Debt validation is an advanced credit repair strategy. Basically, you request a copy of your original contract, payment history as well as something between the collection agency and the original creditor that shows that they have the right to collect on the account. If they can’t provide you with all of these things, they must remove the account from your credit file.
Popularity: 1% [?]
Hi, I'm Monica P. Thanks for stopping by my free articles website. I hope you enjoy all the interesting articles that are available here for you. Feel free to leave any comments for me! 