A 600 Credit Score is Dismal - Find Out How to Raise it Now Or Pay the Price

A 600 credit score is a problem but one you can fix fairly easily if you know how

. Have you recently checked your credit score only to find it was at the 600 mark. Given the current state of the economy and the reluctance of financial companies to lend money, having a credit rating at this level will probably result in you being turned down for new borrowing. If you are approved, you are likely to pay much higher interest rates than people with a higher score.

Now I know what you are thinking! Tell me something I don't know right? Well, what if I told you that it is possible to increase your credit score at no cost and you can do it yourself. Interested? Thought you might be!

The thing is that there are companies out there who will charge you a fee in order to improve your credit report. Some of these people are ethical but the majority will suggest that you do things which could land you in Federal prison. One thing often suggested is to lie about the reports on your credit file and pretend that you didn't default and weren't late with payments. If there is adverse information filed against you and it is true, you cannot say it isn't. That is fraud. You have enough on your plate at the moment without adding breaking the law to the list.

But I have some news for you. The thing is that often adverse information is misfiled i.e. it is not accurate. The sad truth is that financial institutions make mistakes as well but in this case we can use it to our benefit. If you find a mistake on your credit report, the credit bureau is obliged to remove it if the institution that reported it cannot prove it. All you have to do is contact the relevant bureau, advise them a mistake has been made and they do the rest. If the finance company fails to either prove the record or make a response, that entry will be deleted from your file and your credit score should increase.

There are many other tips and tricks you can use which won't land you in hot water with the Federal or State authorities. Why not give them a go today and see how high you can push your rating up. Even a small increase will benefit you so what have you got to lose?

A 600 Credit Score is Dismal - Find Out How to Raise it Now Or Pay the Price

By: Chloe Lowther

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