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.
One of the swiftest ways to improve your credit score is to get inaccurate items taken off your credit report. Some folk think you need to hire a professional credit counsellor to do this but it’s something you can easily do for yourself.
All that’s required is a copy of your credit report. You’re entitled to free copy every year and they are available from annualcreditreport.com. When you get your copy go over it looking for any inaccuracies that could be on it. Identity theft is on the increase and data entry clerks can make errors when inputting data onto reports so you need to thoroughly check it over.
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.
Go to the extra effort of paying to get the letter sent by certified mail so you have dated proof of when you sent it. The credit bureaus then have to act on your behalf and contact the creditors or lending institutions to verify the items in dispute.
The credit agencies have 30 days to hear back from the creditors; however it may take more time than this if the creditors have difficulty locating their records. If the items in question are not able to be verified by the parties involved then those items, by law, must be removed from your credit report.
This would have to be one of the quickest ways of getting negative items off your report and though it is a bit fiddly to do, it is certainly something an individual is capable of doing themselves so it’s worth taking the time to do it. Getting inaccurate items off your report in this way can go a long way to improving your credit score so you can enjoy the rewards a good credit score carries.
Want to find out more about how to fix credit in 30 days then be sure to visit fix my credit.