| Raise Your Credit in 72 Hours without the need of a | | | | and ask them for a "Credit Limit Increase". |
| single cent. To "Raise Your Credit" you don't need to | | | | Using the example from above, if that limit was raised |
| pay anyone. All you have to do to RAISE YOUR | | | | to $200, then you would be below the 50% mark |
| CREDIT SCORE for FREE is the following steps. | | | | without having to make a single payment. |
| Here's how to Raise Your Credit Score. | | | | Now lets talk about getting this updated within 72 |
| If you want to Raise Your Credit Score without | | | | hours. |
| spending any money then first you have to understand | | | | To do this we need to do a "Rapid Re-score" which |
| the way Credit Scores are calculated. There are a | | | | can be done by any Loan Officer you go to for a loan |
| few factors here, but we will be focusing on one of | | | | or Credit Agency. But if you are applying for a |
| the Main Factors, which is, the percentage of "credit" | | | | Mortgage/Loan then let your Loan Officer handle this |
| that you are using against the amount that's available | | | | since the company will more than likely be willing to |
| to you. | | | | pay for this (since it improves your chances of getting |
| Ex. If you have a $100 limit on a credit card and you | | | | approved). |
| have a $90 balance, then you are using 90% of the | | | | Here is a very important tip... |
| credit that is available to you. Now if you have any | | | | When you call to ask for a "Raise Your Credit Limit" or |
| "tradelines" that are Maxed Out, or close to it, then you | | | | you make a payment, you MUST tell the |
| could Raise You Credit Score by 20, 30, 50+ points by | | | | representative that you speak to that you need a |
| getting that percentage down under "50%" of the limit | | | | Letter (on their letterhead) with your name, account |
| (even just 1 credit card will give Raise Your Credit | | | | number and you need it faxed to you ASAP. We do |
| Greatly). | | | | this because we need proof to send to the LO or |
| There are 2 ways to do this... | | | | Credit Agency so they can have documentation with |
| 1. Pay down the balance so that you would be "below" | | | | the information that needs to be updated (which is the |
| 50% of the limit. | | | | balance). And if you do this, you will Raise You Credit |
| 2. Or to do this for Free, then all you have to do, is call | | | | within 72 hours. |
| the Creditor that you have a Maxed Out Debt with | | | | |