Raise Your Credit Score Fast

If you need to raise your credit score fast, here are some strategies that can give your scores a quick boost.

Check Your Credit Reports

You can raise your credit score fast by having inaccurate information removed from your credit reports and keeping them accurate. The three major credit bureaus: Experian, TransUnion, and Equifax, are notorious for containing errors in credit reports.

Some errors, such as a misspelled name or out-of-date address, are not cause for concern, but should be corrected. Other mistakes can lower your credit score dramatically, so look for them. In order to raise your credit score fast, begin work immediately on having any inaccurate items on your credit report removed.

Look for accounts that do not belong to you and any outdated items remaining on your report which should have dropped off the report by now. Slow pays and late payments should only stay on your report for 7 years, collections for 7 years from the date of last activity, a foreclosure 7 years, and a Chapter 7 or Chapter 13 bankruptcy, 10 years.

You should dispute any mistakes and errors through the respective bureau. Send your dispute in writing stating that the entry is inaccurate and asking them to remove it. The credit bureau has up to 30 days to investigate your claim and make a decision to either remove the item from your report or to let it stand. They must notify you by mail of their decision.

Look at Your Credit Cards

Credit cards, if managed intelligently, can be a good way to raise your credit score fast. First, look at the balances on your cards. If one or more of your cards has a balance of more than 35% of your credit limit, this will have a negative impact on your credit score. A fast way to help improve your credit score is to pay the balance down below 35% of the high limit.

Piggybacking

Despite its’ virtually unlimited potential, piggybacking is not used by nearly as many consumers as it should be. It’s easy, effective, and extremely fast. Unfortunately, it’s mostly used among parents and siblings while those who can really benefit stay in the dark.

How it works. Almost every credit card or credit account will allow the primary account holder to add on (at a later date) what’s known as an “Authorized User” or “Secondary Account Holder”. In most cases, when this is done, the entire account history (retroactively) gets posted to the authorized users credit report regardless of their current age or credit history!

For example: If it’s a credit card with a $10,000 limit which has been paid as agreed for the last 10 years, then that complete history will be posted to the authorized users’ credit report.

In the end, we need to remember that today our credit score is more important than it has ever been in the history of the credit reporting system. While credit miracles don’t happen overnight, you can create your own credit miracles by applying simple insider strategies consistently overtime. Before you know it, you’re a proud member of the 700 Club. The “700Plus Credit Score” club that is.

If you want serious results in raising your credit score fast, this is all you will need.