Ways To Help Improve Your Credit Score – Time To Take Action

July 24, 2011 by  Filed under: Credit 

Majority of consumers have credit score that is less than 760. This can only mean that plenty of people need to improve on their credit score in order to have less interest rates and better credit loan offers. You are the key to the answer of how you can improve on this. There are things that you might be responsible for and others which may be brought on by human errors. If you are tired of dodging the issue of possessing a not so ideal credit score, then its time to face the consequences of your past actions.

Get a copy of your credit report and look them over for any negative things that may impact your score. Before you begin to write a dispute letter for the errors that you have notice you got to look over the credit reports. Be thorough. Write your full name and address in the upper left hand corner of your credit dispute letter. Below this write: To: Error Resolution Department. Be sure to write the particular bureau that you wish to include along with address. Specify your subject so that the people concern would know that the letter is for them and the reason why it was written.

Place a reference on the errors by using highlighted markers. You should not forget to include any evidence that can support your claim such as cancelled checks. Do not forget to be polite all through out the body of the letter and say thank you at the end of the letter. Do not forget to sign your letter and keep track by sending it via postal mail with return card for proper documentation purposes.

Here are several short tips on how you can fix your credit mishaps. Your first step is to prove that from now on you want to come across as a responsible borrower.

  • Pay on time.
  • Catch up with your delinquent accounts. If you cannot afford to pay all of your bills then you can call your creditors to negotiate lower payments.
  • Close accounts that you don’t need but be sure that there is no remaining balances on them.
  • Don’t open new credit card accounts that you do not need.

Credit scores are not just ordinary scores they are the basis of how potential lenders view you as a borrower. Having a high credit score can make all the difference when it comes to giving you a lower interest rate and being offered more loan options that are usually not available for those who have low credit scores. Credit repair is not something that can be done in a hurry. It takes patience and dedication on your part to succeed.

Are you waiting for the day when you can actually say you have a good credit score once again? Did you know that each score is varied by each of the three bureaus. Today can be the day you actually change your life for the better.

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