October 16th, 2008
4 Quick Fixes For Your Credit Score
If you are trying to get your credit score fixed as quickly as possible, there are a few techniques that you can use that will dramatically impact it in very little time. These methods will work best for those that have a low score, but many will also impact a medium to high score as well. Before you get started it is a good idea to set up a credit score monitoring service so that you can watch your progress.
Step One – Get rid of any collections you may have accumulated.
This is generally the biggest problem with low credit scores. You’ll need to determine whether or not the collections account is accurate and then take steps to fix it. If it is inaccurate, you can file a dispute with the three main credit reporting agencies to have it removed. If it is a valid collection, you’ll need to send the company a letter requesting a Pay for Delete.
You need to take this initial step for one very important reason. A collections agency doesn’t have to remove the record from your report. They can mark it as paid, but it will still be sitting there, dragging your score down. You need to work out a definite plan with them to get it removed before you pay them. Once you have their agreement that they will remove the record from your report in exchange for payment, then you can send them a check.
