Fix Credit Reports – Proven Ways to Raise Your Credit Report Fast

Credit is king in this universe, so here are few less thought of, and perhaps even unconventional ways to see a positive turn-around in your credit score relatively quickly.

1.  Get a credit card

It sounds silly but using and paying off credit cards regularly is one of the best ways to get your credit score moving. It’s important that you don’t max it out though – even if you pay it off each month. Just use it for stuff you don’t need to use it for, like groceries, and then pay it off again.

2.  Take advantage of your good-ish credit history

If you have a pretty decent history with a credit provider, like Mastercard, but due to some unforeseen circumstances were late with a payment or two over a specified period of time (say you lost your job), you can request that they remove these errors from your record because of the circumstances. They may not always comply, but if you have since gone back to good credit card habits, they may be willing.

3.  Increase your credit limit

Again, it sounds silly, but to get the best credit score results none of your credit should be sitting at more than 30% of utilization. If you are hovering right around that point or perhaps slightly over, increasing your credit limit can drop that ratio significantly.

4.  Check for accuracy

Review a current copy of your credit report and ensure that all your credit limits and balances match up with your own records. Sometimes credit increases may not get reported right away, and this can throw off your utilization ratios – thus taking your scores.

5.  Dispute, dispute, dispute

If you find any errors on your credit report, dispute them. As soon as they are removed, your score will adjust positively. You may find clerical errors, mistaken identity issues, or other such things. Be sure you can identify all the accounts and credit allocated to your report.

6.  Keep those old credit accounts open

Although it may be tempting to shut down unused credit cards for the sake of tidiness of it all, it’s much better for your credit if you leave them open. The longer you have an established credit history, the better it is for you because a long and positive credit history always looks favorable and makes your look risk-free. It also happens to have a positive impact on your score. As soon as you close these accounts, however, that positive impact disappears.

There are many different ways you can positively affect your credit score and make some fast changes to your current credit rating. Some of these methods are more realistic than others, given your particular circumstances. Just remember that paying bills on time and paying off any balances remaining on credit cards is important, and will have the most dramatic impact on your credit rating.

It’s not impossible to recover your credit and establish a positive history, but it will take time, discipline and planning to do it effectively.

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