It is totally possible to get to a credit score of 700 or above, no matter how low it may be right now.
The secret is persistence; dedicate yourself to spending money responsibly, using credit carefully and applying all your credit bills on time.
While the results will take a few months up to a year, you can do a few things to get started with DIY credit repair right now!
1.Apply for a new credit card
Get one more credit card with the intention of using it only to build your credit. Yes, getting more credit may feel a little counter-intuitive, but adding more to your credit limit will help raise the credit utilization ratio. And the little things count! So go head and apply for that credit card right now.
2.Get your credit limit increased
When your lenders approve you for more credit than usual, it sends a signal to other lenders that you are dependable and trustworthy. Also ask around if you can score some cash back incentives on your credit cards so you can make some money, while spending it!
3.Transfer your balance
Transfer the outstanding balance of the old credit cards onto a new one. The new card is preferably one with 0% intro APR for up to a year or more. This will give you that chance to pay off balance without paying extra interest. This is a tried and tested method for easy credit repair.
4.Write a Goodwill adjustment letter
If you have a history of past repayments, but have sworn off that irresponsible behavior, it’s time to let your lenders know. A goodwill adjustment letter may just help remove a late payment or two from an otherwise perfect credit report.
Tell your creditors why you deserve a break, why they should remove the delinquency, and show them that you have been doing a lot to improve your debt and financial situation.
5.Fix errors on your credit report
Errors include incorrect late payments notifications, accounts that were paid but went to collections anyway, or accounts falsely opened in your name without your permission or knowledge. Get your credit reports from the three credit bureaus, i.e. Equifax, TransUnion and Experian. Go through these item by item and then get back to your reporting agencies to get any errors fixed.
Here at QuickCreditRepair, we’re here to help you learn more about the fast credit report repair process. Are you ready to repair bad credit fast? Find out how you can dispute errors or start building your credit fast!