Here is the most popular way to increase credit score - challenge errors and inaccuracies on your credit report.
It will work, but you need to know what you are doing if you want to take this route. Let's take a look at the range of things that you need to remember when you do this to repair credit score.
Firstly, you need to acquire a copy of your credit report. It is a well known basic fact that you can get one free copy of your credit report from each one of the three credit reporting agencies per year. You need to ask for this through the special website made available for this purpose. Don't be fooled by other places that promise to get your report for you for free or for a small fee; or claim to be this particular website but have a totally different spelling or domain extension.
Once you have acquired your credit report you must study it for errors and faults. But please note, you are only really interested in the Credit History part of the report. You want to investigate it carefully for faults with regards to names, dates and amounts.
Here are some tips with regards to the approach that you should take in this process:
1. Do not bother to improve anything that is incorrect but is not going to raise your credit score. For instance, the account type may be incorrect but apart from that the information about the amounts and the dates repayments were made are correct. In this case, you do not need to make an issue out of this since the problem is that it will not make a difference to your report and you may just run the risk of the claim being ignored as 'frivolous'. In this case, they could reject ANY claim created by you for the next 12 months as being frivolous and this is definitely not the required outcome.
2. Make 100% certain you have the proof to back up your claims in the case of any mistakes. For example, there can be accounts there outlined as still open (with balances against them) when actually they have been paid off already. Make COPIES of your proofs and submit the copies with your letter. Never send in the originals! If you do not have proof then you definitely should think about whether you should go through the effort of raising the problem. The problem once more is that they can dismiss your claim if you do not have proof.
3. Make certain you do not make use of a form letter, a letter format copied from the internet, or a letter format that you obtained from a credit repair company whenever you state your case. They get plenty of letters in these formats and they're going to probably ignore your request or let you know that the information that they have is accurate and that nothing should be done on your credit ranking.
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