Bad Credit Repair - 3 Great Tips You Can Use to Raise Your Credit Score Fast

Whilst you won't be able to make any drastic improvements to raise your credit score overnight

, you will be able to realize some real improvements in a month or two by beginning the credit repair process now.

Having a bad credit report can not only make your life a misery, but can deny you the opportunity of getting the benefit of lower interest rates when buying property or motor vehicles and as you know lower interest rates equals massive savings.

For a clearer explanation of this, consider that a 100 point increase in your FICO (Fair Isaac Credit Score) credit rating could translate to a $40,000 saving in interest payments over the life of a 30 year mortgage on a $300,000 home loan.

The above point explains why it is so important to fix your credit rating to ensure that you can benefit from the massive savings in interest that are available.

These 3 tips should help you to start getting your bad credit record repaired.

3 Tips You Can Use to Fix Your Credit Score

Clean Up Your Credit Report

Your first step to fixing your credit rating is to get your credit report and check through it thoroughly to ensure that it has not got any errors in it. It is possible that it does have an error or two that can be detrimental to your getting a decent score so get any errors removed from your report and ensure that it looks as favorable as possible.

Keep New Credit Applications to a Minimum

Whenever you apply for a loan or credit of some sort, this triggers a request of your credit report by the lending institution which can have a negative effect on your credit report. If you need to submit multiple credit applications try and space them out by 2 to 3 weeks so that the lenders won't see so many loan applications all at once which always raises a red flag.

Request a Credit Limit Increase

Simply contact your lenders and ask them to raise your credit limit. This will have the effect of improving your debt ratio and improve your credit report significantly.

In conclusion, whilst many people suffer with a bad credit score, there are many things that can be done to raise your credit score significantly to enable you to enjoy the many financial rewards that come with it.

PS. - To ensure that your Fair Isaac Credit Score is as high as possible, you should start the process immediately by implementing these 6 Steps to Raise Your Credit Score here

or

Just go to this link for these 6 Steps You Can Take to Raise Your Credit Score Fast: http://www.cashloans-unlimited.com/bad-credit-repair.htm

Bad Credit Repair - 3 Great Tips You Can Use to Raise Your Credit Score Fast

By: M Morgan-Bellinger

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