Credit Repair For Free!

That is my credit score which I can get from Alliant Credit Union on quarterly basis. As you can see I managed to increase credit score by 100 points … almost. The actual number is 70 but this is not the main point. The main story here is to show you how utilization rate, which is the ratio between revolving balance and revolving credit limit, affects your credit scores. With all the rest of my personal credit staying for the most part the same, I have managed to increase my credit score quite significantly. Not by 100 points but still, considering that by simply paying down Capital One credit card and thus lowering utilization rate, I gained 70 points is quite remarkable. June to December is just 6 months.

Even though it is Experian Advanced Risk Score 2.0 with the different range than that of FICO, you can play the same way and achieve very similar goal. To increase your credit score, simply pay off a revolving debt or a few debts down, as much and as quick as you can.

Read full article…

Tags: 100 Points, Credit Score, Increase Credit Score, Points

You found a house you always dreamed of and you can even afford it today. The only problem is, you need to raise credit score 50 points or 100 points and fast. Otherwise someone else will get it and that absolutely can not happen. The sellers have agreed to wait. After all they couldn’t sell for 2 years. But they will only wait for 30 days. Well, may be 45 days before you raise credit score. And 50 points is the very least, according to your mortgage broker, 100 points is a sure shot. Gotta do it fast, but how? You have collections, high credit card balances, few old late payments or whatever. And remember you have to send your improved credit scores to the seller’s attorney. We are going to give you few pointers on how to raise credit score fast. And there is very little you can accomplish quickly disputing late payments, so we put those aside for now.

Collection accounts
Debt collection accounts, no matter how small or old, give very negative impact on your credit score.

Read full article…

Tags: 50 Points, Points, Score 50, Score 50 Points