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How to Raise and Rebuild your Credit Score Fast

Learn How to Repair Credit Score
Written by BidyutJi

It is necessary to rebuild your credit score fast. When you are working harder towards achieving your goals maybe you have missed out some important factors that can boost your efforts towards enhancing credit. You can raise and rebuild your credit score in a couple of months or even less than that. Studies at the National Foundation for Credit Counselling have proven that a majority of the population in the United States has a bad credit.

As you may be knowing that it is impossible to live with a bad credit. Therefore, it is crucial to repair your credit fast. It takes some time to regain a good credit. However, Repair Mantra has brought you a detailed information on how to raise credit score fast.

How to Rebuild Credit Fast

How to Rebuild Credit Fast

Before getting started with the repairing and rebuilding procedure it is important that you analyze what needs to be fixed. Sometimes there are minor errors in the credit report that can be repaired by writing to the credit agency. However, to begin with, uplifting your credit you need to analyze what is wrong. Here are some things that can help you while monitoring the problem.

Check your Credit Report

Every credit improving agency would ask you to produce your credit reports for getting started with the repairing process. You can repair your credit yourself instantly with the help of your credit reports.  Demand the credit bureau for your reports and examine it. If you find any activity that has not been performed by you, immediately inform the credit agency.

Fix Errors Online

Sometimes there are disputes in the credit process. You need to avoid such disputes. If you accidentally enter into such an error, try to fix it at the earliest. There are online agents such as the TransUnion, Equifax, and Experian that may help you to settle a dispute online. Visit the homepage of any of these and you are ready to go.

 Pay Bills on Time

No one can deny the fact that people skip their credit card bills when they fall short of cash. It may be that this is one of the primary reasons behind a bad credit score. If you were kicked out of the job last year or had a financial crisis you stopped paying your credit bills.

To instantly improve your credit it is crucial that you get in touch with the creditors and write them for payment of the unpaid amount. This is always a good idea. Your debt will be paid and this would provide a positive reflection on your credit report.

Use your Previous Good History

You can apply this technique to make a positive change in your credit score faster than ever. This is all about making use of your previous goodwill to eliminate the negative signs from the credit report. For an instance, if you are a Visa credit card customer paying all the credit card bills before the due date. When you made a late payment for a couple of months your credit score went down.

You can feel free to write Visa. The letter would emphasize your previous good payment history and ask for the removal of the bad credit marks.

Make Less use of Credit Cards

When you have a high credit limit, you tend to withdraw a huge amount of money and use it for your everyday expenses. Consider minimizing your credit limit. This would reduce your debt amount, thus making it easier for you to repay. Get to know your credit limit before applying for a credit card.

Get a Secured Credit Card

Generally secured credit cards are the easiest way to improve credit card. Unlike a general credit card the approval for a secured card is extremely easy. Even if your credit score is bad you can get the credit card.

Once you obtain a credit card, request your near ones to add you in their existing credit account. Talk about sharing the bills and ensure the primary account holder of payment security. If you are an authorized user, this also affects the green side of your credit records.

Request for a Credit Limit Increase

Request for a credit limit increase. Visit the MasterCard office to increase your credit limit. This hack works wonders towards enhancing your credit score. However, you need to have self-control, as when the credit limit increases you tend to use more credit. Therefore, you would enter more debt. So, it is recommended that you do not use your credit card to the maximum limit.

Manage your Past Due Accounts

You need to manage your previous accounts which were due. As your payment history has a significant role in determining your credit score. Pay the entire due balance to the creditors. If you have paid off a major portion of your debt then your debts will reduce. Now you have to pay a less late fee. This will also positively affect your credit.

To deal with the past due accounts you can consider consolidating the account, settlement or ask for a pay for delete account. This requests the creditor to delete your previous loan account and open a new one. This starts the credit from a fresh start, thus you get a chance to improvise your credit score.

You can write a pay for delete letter and feel free to mail it to the credit issuing company.

Use your Old accounts

Credit age or credit history matters a lot when it comes to repairing your credit score. As your old accounts depict your goodwill. Keep your oldest credit account active. Old credit accounts are a great weight to your credit records. Maybe when your credit began everything was good. Opening a new account would involve beginning of a new credit. So it is recommended that you use old accounts for obtaining a credit card or other credit.

It is possible to build your credit score fast. You can regain a good credit within a couple of months. You are just required to follow the above-provided steps. If you need further assistance, feel free to get in touch with us through the comments section.

 

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About the author

BidyutJi

Marketing professional with over 17+ years of progressive experience in digital marketing, product management, and user experience design.
Entrepreneur, Mentor for 1k+ Startups, Speaker. Passionate about innovation and entrepreneurship. Helped 1200+ small business to large corporations to grow through digital marketing and conversion optimization.

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