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3 Ways to Improve Your Credit Score by 50 Points In Less Than
30 Days
In Less Than 30 Days.
"What can you do to increase that set of three numbers on
your
credit report that can be so important with your financing?"
I came across this question as I was surfing discussion
groups
the other day. Check out my answer:
Dear Friend,
Here are 3 steps I used to take my credit score from 592
(horrible credit) to 762 (perfect credit) almost
overnight.
If you're interested in improving your credit rating quickly,
you'll find this story helpful:
In 1995 I made a decision that would ruin my perfect credit
history. I quit my salary job to become an insurance
salesman.
The job paid commission only. Within a few months I
lost
everything - house, car, credit rating and my self respect.
By the end of 1996 I was living with my mom, all my credit
accounts were severely past due, and I was paying 22%
interest on a broke-down green Geo Storm...I was a real
loser.
Then, in 1997, I became a banker. I didn't know it at the
time,
but this would turn out to be the break I needed to eliminate
my
credit problems forever.
During my seven years as a banker, I came across several
legal and highly effective ways to improve my credit
rating.
As a result, I was able to increase my credit scores by an
average of 170 points.
Here's what I did:
Step #1:
After spending hundreds of dollars on credit repair services
that
didn't work, I found out how to get negative accounts removed
on my own.
Basically, I wrote letters to the collection agencies
requesting
proof that the accounts were mine. 89% of the time they
had
no proof that the bad accounts belonged to me. So I was
able
to get them deleted from my credit file.
Step #2:
I opened new accounts with high credit limits and kept the
balances low.
I discovered that if you keep your available credit limits high
and
only use 10% to 30% of the credit you have available, your
credit score will improve dramatically.
Step #3:
Next, I added accounts with years of perfect payment history
to
my credit file. This step took my credit score from 647 to
762.
While you can certainly add seasoned accounts to your credit
file for free, there are companies that claim they can do it
for
a fee.
The problem is, they charge between $2,000 and $2,500 per
account. If you want a 700+ credit score you'll need 3 to 4
of
these accounts. That equates to a cost of $6,000 to
$10,000.
(You can conduct a search on your favorite search engine for
companies that offer this service.)
While there are several highly effective steps you can take
to
increase your credit scores by as much as 200 points, these
are the main ones...And here's the good news: Each step
can
be completed in less than 30 days.
By Hartley W. Pinn, Jr, CEO, http://www.AtBalanceCreditRepair.com
Revealing the insider credit secrets you can use to increase
your credit scores by up to 200 Points.
For more information please visit:
http://www.AtBalanceCreditRepair.com/credit/8
MORE RESOURCES:
SEC finds shortcomings in credit ratersReuters - 16 hours agoWASHINGTON (Reuters) - Credit rating agencies did not properly manage their conflicts of interests when assigning ratings to structured products such as ... |
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