| There are many credit secrets and little known | | | | 2 The magic word. |
| loopholes that can help you fix credit history fast. | | | | There is one magic word in the credit world-"ON |
| According to the general myth fixing credit requires | | | | TIME". Payment history is the single most important |
| time, effort, dedication and financial planning. The | | | | factor in your three digit credit score.According to |
| careful application of these factors will undoubtedly | | | | Credit.com, a single 90-day late payment is as |
| raise your score in the long run. But who wants to wait | | | | damaging as a bankruptcy filing, a tax lien, a collection |
| that long? You want that brand new car NOW, not | | | | or a judgment. It doesn't matter if you are late paying |
| later.The housing market has never been more | | | | credit card bills or a mortgage payment.A single late |
| favorable for buyers and you want to take advantage | | | | payment can bring down your credit with almost a |
| of it NOW. Contrary to the general myth, you can take | | | | hundred points. Take care of late payments first if you |
| action that can cause quick surge in your credit rating | | | | want to boost your credit score fast. If your late |
| over a short period. All you have to know is how the | | | | payment was simply a one time incident and you were |
| credit system works and what are the loopholes in it. | | | | overall a good customer, call your creditor and ask |
| 1 Credit reports are not mistake free. | | | | them politely to remove it from your record. Deleted |
| You have to keep in mind is that credit reports are not | | | | late payments will raise your credit drastically. |
| mistake free. Actually more than 40 % of credit | | | | 3 The perfect debt to credit ratio. |
| reports contain some sort of inaccurate information. | | | | The debt to credit ratio is the second most important |
| Order you credit report copy from The Federal Trade | | | | factor in the credit score formula. Creditors look at 2 |
| Commission has set up this site so that you can get | | | | factors-the balance on each of your credit card |
| one free credit report from each of the major bureaus | | | | compared to the limit on the card and the total of all |
| (Equifax, TransUnion, Experian). Don't assume that the | | | | your credit card balances compared to your total |
| three reports are identical. Since different creditors | | | | credit limits. The ideal debt credit ratio is around 30%. If |
| report to different credit bureaus, there might be | | | | you have high balances on your credit cards, the first |
| substantial differences in the reports. Now carefully | | | | thing you want to do is bring the balance back to the |
| examine the reports and look for errors. If you do find | | | | recommended 30%. You can also do balance transfer |
| inaccurate information, file a dispute form immediately. | | | | among cards so that the balance/credit ratio on each |
| Even if you don't have the proper documentation, | | | | individual card remains in the "healthy' zone. |
| credit bureaus are required by law to conduct an | | | | There are many little known credit secrets that will |
| investigation in a timely manner. Fixing any errors in | | | | help you fix credit history over a short period of time. |
| your report is the easiest way to alter your credit | | | | Once you start thinking outside the credit box, your |
| score. | | | | score will start rising. |