5 Simple Steps to Improve Your Credit Score in Less Than 90 Days

When some things in life remain better, there is almost no praise for you; unless you have no intention of applying for credit of any kind in the next decade or so. While the 7 year statute of limitations on many things derogating from your credit, Bankruptcy, Child Support and Judgments will keep you in the hunt for much longer.

Credit Score models are not an exact science, but a statistical model based on several factors such as:

• Payment History
• Account balance versus available credit limit
• In the age of reason and faith in the history of history
• Types of credits (institutional credits, debt, mortgages, mortgages, etc.)
• Recent credit and credit applications

Also, and this works in your favor when they work in your better name, your credit is a snapshot in time, any of these things mentioned below can affect your credit as little as possible in a few days or more generally. 30-90 days.

Follow these 5 simple steps to improve your credit in less than 90 days;

• 1) This one sounds obvious: pay your bills on time . . This is the simplest and yet the most important thing when it comes to rebuilding your faith. If you do nothing else, pay your bills on time! The way statistical models are designed into credit scoring, current results reflect much more than the old ones. So you can spend a ton of time and money trying to get an old charge off your credit report, and in the meantime you forgot to pay your $15 installment store credit card, your score will probably be lower than what you started with.
• 2) Revolving your open accounts (Credit Cards) and repay them at 30% limited credits granted to you by the Lender. If you had a visa credit card with a $1,000 limit, you would never spend more than $300 at any given time of time Why any given moment in time? When you pay off your entire credit balance each month, the credit company balances your monthly payments and while it shows whether you are current or late on your payments, it does not show whether you pay it in full or pay the minimum. . So on a credit card incurring a $1,000 limit shows you as “maxed out” and will result in a lower credit score. however your check for $950 may be in the mail.
• 3) Ask creditors to release late payment. This is more often than not but as with many things in life, if you don’t ask, you don’t get. Call your credit card company, credit card issuer or student loan servicer and ask them to release your late payment. to an exceptional circumstance (once I was late, while on my Honeymoon and I wanted to get rid of those late salary goals), personal trouble (loss of job) or simply because you had years in the pay period, and you simply deserve a break. (it was done and still works). Please remember that when you call your lender, a lot of their willingness to help you depends on customer- Rep. So please nice! You are asking a favor after all. And, in the worst case scenario, call the end of a good note so that you don’t turn off the negative words on your board and talk to someone else.
• 4) Do not dissolve/descendive old collections. This is by far the most important decision you will make when it comes to improving your credit. Unfortunately, paying old collections (older than 2 years) will take an initial drop in our name. I have seen credit scores drop by 40 to 100 points simply because the old collection was paid off. Here’s why: While accounts stay in your credit for 7+ years, most running 12-24 month accounts are considered the most relevant. Let’s say you have unpaid collections from 5 years ago and you touch them and pay or settle the account. That collection remains in your credit report, with 2 small but important changes: First, now I will talk about the composition or the collection to be paid. Second, it will show that the time of the last activity is now, thus bringing this nasty old from 5 years ago to now and here, so it hurts you exponentially. The bottom line is when you haven’t paid the bills that are owed. An example of an exception to this rule is when you are successful in negotiating your creditor’s “delete” letter, which says that the creditor will delete your account in payment, in which case it will be removed from your report and benefit from repayment. These “deleted” letters are not the easiest to come by, but I have seen my share over the years.
• 5) Check for mistakes and when you find one, call the creditor who reports you correctly and see if you can get a certain result. It is surprising how many legitimate errors he believes in people’s opinions. I have seen accounts relating to a sibling or parent (due to similarities in names), accounts relating to a whole different person and different Social Security number, and it is unfortunate that one of the most common reasons is open identity theft by others (in America white collar crime is increasing more and more).