How to Raise My Credit Score in 30 days

How To Raise My Credit Score in 30 Days

Many individuals want to know “how to raise my credit score in 30 days” if they are in need of finance and want to be able to not only get approved for the loan but pay the lowest interest rates possible.

If you’re in a hurry to raise your credit score in 30 days this article tells you what you can do now to raise it – it may take longer than 30 days but you will be well on your way to having an increased credit score in a very short period of time.

One of the quickest ways to raise your score is to pay down some of your credit. You see the amount of debt you owe against what you originally borrowed accounts for 30% of your total credit score, so nearly one third of your score is determined by your debt ratio.

So if you’ve got a credit card that you are using up to its limit – that is lowering your score. To raise it quickly you want to bring the balance of that credit card down to around 50% of its limit. This will improve your credit score considerably.

Every 30 days creditors and financial institutions report your accounts to the credit bureaus. So by paying down your credit card, you will raise your score by the next month.

The next thing you want to do is check over your credit reports. It’s amazing how much inaccurate information can be listed there that you end up being penalized for by means of a low credit score.

Go over your credit report and try to get as much negative information removed as possible. Get your free reports from the major credit reporting agencies at annualcreditreport.com. You want to look for any discrepancies, old accounts that have been settled, old inquiries, and any bills you’ve paid in full yet still show as outstanding.

Then you write the credit bureaus a letter disputing any of the above items. Try to be as detailed as possible as this saves time at the other end and you’re all about trying to raise your credit score as fast as you can.

Send the letter by certified mail and include copies of any data or receipts that can prove your claims. The credit reporting agencies then have to verify these items and when they can’t (because they’re old or they’ve settled) these items are removed off your credit report thus raising it substantially, depending on what items end up getting removed.

So for those keen to know “how to raise my credit score in 30 days” this article gives you some sure-fire ways to raise your score within a very short time.