| No matter whether you are trying to fix severe credit | | | | these loopholes will get you faster to the "good" side |
| blemishes or simply make your FICO better, fixing | | | | of the credit scale. For example, let's say you have a |
| credit score is always a good idea. The growing | | | | collection account that is 2 years old. The law lets you |
| importance of your credit goes beyond shopping. All | | | | dispute the item with the original creditor (the so called |
| types of creditors, landlords, insurers and employers | | | | 623 Dispute). Most companies keep files of their |
| are pulling your credit file in order to decide the fate of | | | | customers for 13-18 months. The reason is |
| your application. In other words, having a good credit | | | | simple-keeping a large database updated or |
| score in no longer a luxury. It's a necessity. | | | | transferring data from one system to another (in case |
| Here are 3 indispensable factors in the fast credit | | | | of acquisition between companies) is very expensive. |
| repair process. If you are not using these factors, you | | | | There are only a few original creditors who keep |
| are more than likely on the losing track. | | | | decent records. In this case you can dispute a listing |
| 1 Learn more about the credit system. | | | | within the account (wrong balance, wrong credit limit, |
| Knowledge is power and this holds especially true for | | | | did not pay late this month, wrong account number |
| the credit world. When it comes to credit repair, a lot | | | | etc). If the original collectors are unable to find |
| of people feel overwhelmed and helpless. And the | | | | documentation and prove you wrong, they are |
| reason is not only the mounting debt and the harassing | | | | required by law to remove the negative account |
| collection phone calls, but the lack of credit knowledge. | | | | completely. And that's exactly what you are aiming |
| Where should I start? Why is my score so low?Which | | | | for... |
| negative account should I pay first? How to deal with | | | | 3 Create a plan of action tailored to your specific |
| credit card balances? The more you know about the | | | | situation. |
| inner workings of the credit system, the better | | | | Different credit reports require different strategies. |
| equipped you will be to solve your credit problem. Do | | | | What works with collection agencies might not work |
| you know how is your FICO calculated? Do you know | | | | with credit bureaus (and vice versa). The same holds |
| which are the most important factors in your credit | | | | true for the negative items in your credit record. Make |
| formula? How to dispute and eventually delete credit | | | | a list of the most detrimental accounts in your report |
| items from your record? How to prolong the length of | | | | (bankruptcies, foreclosures,legal judgments, |
| credit history? How to reach the perfect balance to | | | | repossessions, loan defaults, collections, late payments, |
| limit ratio on your cards without having to pay off the | | | | credit inquiries etc) and choose a specific strategy for |
| balances? Educate yourself on how the system | | | | each of this accounts. |
| works and you are on your way to credit success. | | | | Fixing a credit score is not that hard. Knowledge about |
| 2 Learn more about the loopholes in the credit world. | | | | the credit system and the little known secrets in it will |
| The credit world is far from perfect-there are many | | | | let you achieve better credit faster than you thought |
| loopholes and shortcuts in it. Knowing more about | | | | possible. |