How to increase your 100 points Credit Score in less than 4 weeks. In most cases, you can easily increase your credit score by at least 100 points in a month. The key to doing this is focus, organization, and having the right techniques. Thousands of people over the years have followed advice on how to successfully use the techniques described in this article to quickly increase their credit score. Now let’s go into it so you can do the same thing.
Before we get into this technique, there are a number of things you need to do. First, you need a copy of your current credit report. In addition, it is recommended that when you are in the process of increasing credit, you register for a credit monitoring service. This allows you to withdraw your credit report and credit score every day to see what progress you have made.
There are several good credit monitoring services out there, so it’s up to you which one you want to use. You can use the FICO Score and it works well for most people. There are no free credit monitoring services, but they are cheap enough and you can always cancel them after your credit score is increased.
After you get the credit report in front of you, let’s start reading it.
Credit Score scale.
Identify all negative entries on your credit report
The first step is to identify negative things on your credit report that need to be addressed. “Intended”, which means here that we will try to remove it completely from your credit report. That’s right – 100% deleted, as if they never existed.
Here are some negative entries that you should look for on your credit report:
- Late Payment
- Charging Offs
- Lien Tax
If you like most people, you might have some late payments and maybe billing or billing. If you have a more serious negative item, don’t worry, there are also removal techniques for this. Therefore, let’s start with the most common negative entries.
How to challenge late payments, collection and collection of fees
Many articles about how to remove late payments, collection, and billing, and we don’t want to be super specific, but at least it can give you a general idea and then direct you specifically how to carry out the technique.
Basically, to delete this negative item, you must follow a few steps. First, you need to write the original creditor “Goodwill Letter”. This letter will only explain the situation that causes late payment, billing, or billing. At the end of the letter you will ask them to consider “good intentions” and delete entries from your credit report. Simple.
Removing late payments, billing, and billing will probably make your credit score easily rise by 100 points, but if that isn’t enough, let’s move on to the next step you must take to increase your credit score.
Optimize your debt to credit ratio for an increase in a large credit score
Many people don’t know this but most of what determines your credit score is how much credit you use from all your available credit. Let’s be clear this is a little simpler.
If you have a credit card with a credit limit of $1,000 and your balance is $800, you use 80% of your available credit. This has a negative impact on your credit score.
Simply put: You want to keep your debt to credit ratio below 30% on all your credit cards. However, don’t be confused that this means you can have a 60% balance on one card and a 10% balance on the other card and it’s fine because it averages under 30%. No, each card must be under 30% individually. Very important thing to remember.
So to see an increase in fast credit scores, pay credit cards with a balance above 30% of available credit.
Create a positive credit history quickly with a secure credit card
Now that you have removed the negative entry and optimized your debt to credit ratio on your credit card, the final step is to start building a positive credit history. Even though some negative entries are still unacceptable on your credit report, you may find it difficult to get approval for traditional credit cards. This is where credit cards safely come into play.
Those who have bad credit, most choose to get a safe credit card and this kick starts their journey to perfect credit value.
If you don’t know what a secure credit card is, let me explain it. This is basically a credit card that is approved by everyone regardless of whether they have bad credit. The reason why everyone is approved is because it is “safe”. In other words, you deposit money into your account and it acts like a debit card. The difference between a secure credit card and a debit card is that a secure credit card will be reported on your credit report. Therefore, this is the gold standard for building a positive credit history when you have bad credit.
There are hundreds of safe credit cards to choose from, so it’s up to you. I will reviewed credit cards secured from greendot – you can read the review for the best guide.
That is all. I hope you find this technique useful in your credit repair journey. https://bit.ly/2UCkGmT.