If you're interested in improving your credit score for starters are going to need your credit report. Your credit report is full of all the information that goes into the calculation of your credit score. If you can change the information on the report of course that will result in your score to raise. So you can see how important checking your report can be when trying to improve your credit. Here are a few things I can help you understand what's in your report and in turn boost your credit score.
First of all learn how to dispute errors that are on your credit report. You can do this by contacting the three major credit bureaus and getting copies of your reports and scores. You can save time by using one of the many online services that provide all three in a bundle package. After investigating your report should you find any errors contact the specific bureau in person by phone and in writing as to keep a record.
That letter is called a dispute letter and o nce the credit bureau gets it they have 30 days to investigate your claim. Like I said before the letter should have two copies and make a note of the date that the letter was sent. In your letter all you have to do is simply state the problem and request an investigation.
Also include the fact that you know they have 30 days to investigate and make you will be following up with them periodically. This will let them know that you are serious about your credit situation.
With all the technological advances of the Internet you can now state claims and even correct errors on your report online. The majority of credit reporting agencies have detailed instructions on their websites as to how to go about stating a claim and having the error removed from your credit report. It's important you follow the exact directions given if you want your credit score and report updated as soon as possible.
Another useful tool that most people do not know about is the ability to add a note to your credit report. You can attach this note to any misleading information or negative marks explaining the situation. For example if a contractor never finished work that was agreed upon and you decided not to pay for their terrible service and unfinished work they could possibly report this nonpayment to one of the bureaus. Most people in charge of lending credit will sympathize with a situation like that. In short notes are used to explain why negative marks on your report should not be considered. Of course this does not always make a difference and lenders decisions but if you have been wronged in the past it is definitely worth adding a note to your file.
The first step in taking command of your credit and your life is to find out where you stand. How's your credit score? 0-600 Poor, 601-680 Fair, 700-774 Good, 775+ Excellent. Find out your score now! There are no excuses since you can get a Free Credit Score!
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