| Are you trying to improve credit rating? Do you want | | | | accounts have bigger impact on your FICO than older |
| to increase your chances of getting approved for a | | | | accounts. Once you identify the most problematic |
| mortgage or an auto loan? Are you hoping to get a | | | | accounts, start working on them. |
| favorable business loan, but fear your credit score | | | | 3 Different strokes for different blokes. |
| won't qualify you? Creditors, employers, insurers, | | | | Credit bureaus, collection agencies and original creditors |
| landlords and many more are pulling up your credit | | | | can help you raise your score fast if you know how to |
| report when evaluating your application. Because of | | | | approach them. Different strategies should be used for |
| the growing significance of your FICO score, a good | | | | different agencies. For example, if you want to get a |
| credit score is no longer a luxury. It's a necessity. | | | | creditor to remove a one time late payment from your |
| Here are 3 simple tips that will help you understand | | | | account, you have to be diplomatic and polite. Explain |
| how fast credit repair works: | | | | the sob story surrounding the one time late payment |
| 1 Evaluate your situation. | | | | and promise to be a good customer in the future. |
| Do you need to raise your score with 5,10,50,100, 200 | | | | When dealing with collection agencies, however, you |
| points? What are the specific requirements of | | | | can use more aggressive strategies. Ask for validation |
| creditors for a mortgage or auto loan in your area? In | | | | of debt-you'll be surprised to find that most collection |
| order to come up with a winning credit strategy, you | | | | agencies don't have the proper paperwork. |
| have to know where you stand (current FICO) and | | | | Always hassle till you reach a settlement amount that |
| where you need to be (desired FICO). | | | | satisfies you. Keep in mind that collection agencies still |
| 2 Winnow the chaff away from the grain. | | | | make a handsome profit out of you even if you pay |
| Not all debt is created equal. Certain items in your | | | | them 25% or less from what you actually owe. Also |
| credit report affect your score more adversely that | | | | promise to pay ONLY if they agree to remove the |
| others. The typical order of adverse items is | | | | negative item from your credit report. In a nutshell-use |
| bankruptcies, foreclosures, repossessions, loan default, | | | | different strategies with different agencies if you want |
| collections, past due payments, late payments, declined | | | | to achieve maximum results. There are different ways |
| credit, credit inquiries. Take a careful look at your | | | | to improve credit rating. Knowledge about the credit |
| report and highlight the items that affect your score | | | | system and the various loopholes in it, however, |
| most adversely. Also keep in mind that more recent | | | | seems like the fastest route. |