Credit Rating improved in 30 days

Credit Rating improved in 30 days
Did you know you can improve your credit rating in 30 days?
Most people don't know what to do to get their rating up
quickly. There are some tricks you can do to your personal
credit report to increase your credit score with ease. In
this article I am going to discuss how you can do this
within 30 days. Keep in mind while you are doing this
process I am about to discuss make sure you are not
charging up your credit cards, and make sure you are not
late on any of your obligations that report to all 3 credit
bureaus.

Paying down credit card debt
Since amount owed on debt that reports to credit bureaus
accounts for 30% of your overall credit score, this is what
we will attack first. This is the quickest way to increase
your credit rating if you are about to make a purchase and
need that credit score higher. If you have some money in
savings, take that money and pay down any credit cards that
are above 30% of your allowed credit limit. If you can pay
them off, your credit rating will sky rocket. Let's assume
you can't pay them off, make sure you pay down the credit
cards that have the highest balance owed.

Increase your credit card limits
This is a little trick that I have done for myself. I have
increased credit limits at times when I did not have the
money to pay down my debt at the time. The trick is to get
your credit card balances below the 30% allowed credit
limit threshold. Typically when you do this you will see
about a 20 to 30 point increase in your overall credit
rating. I know it sounds crazy to increase your credit
limit on credit cards to get your score up, but it will do
the job.

Get a letter to delete collections from creditor
If you have not done a credit check lately go ahead and do
so. Once you have got a copy of your credit report with all
3 credit scores, look at it and determine if you have
anything that has gone to collection. Always start with the
most recent collections and small balances owed first.
Typically medical and apartment collections are the easiest
to get removed from a credit report. The reason is the
collection companies usually are more willing to give you a
letter once paid or settled to remove any record from
TranUnion, Equifax and Experian. Once you have paid in full
or settled on debt, make sure the collection company gets
you a letter to delete. After you receive this letter you
send a copy of the letter to all three credit bureaus to
remove any record of the collection. This process will
increase your credit rating around 10 to 15 points,
depending on how many collections you get a letter for.

Once you have gone through this entire process make you do
a credit check to see where you stand after 60 days. The
results will surprise you because you will have an increase
in your overall credit rating.

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About the Author: Mike Clover is the owner of
http://www.creditscorequick.com/ . CreditScoreQuick.com is
the one of the top on-line resources for free credit score
report, fico score, identity theft protection, secured
credit cards, student credit cards , mortgage loans, auto
loans, insurance and a BlOG with a wealth of personal
credit information. The information within this website is
written by professionals that know about credit, and what
determines ones credit worthiness