Quick Credit Repair in 4 Easy Steps

Helpful Tips for Quick Credit Repair

When you see that score on your credit report, you might have one of two reactions. One common reaction is relief, and the other is dread. When you realize that your score is not quite what you want it to be, you might start racking your brain for solutions. Some choices you make can significantly benefit your credit score. These four steps will put you right on track for quick credit repair.

Request A Higher Limit

When your credit company raises your credit limit, your credit report’s utilization of credit decreases. It takes just a few minutes to make this phone call, and the effects can be long lasting. Some companies will increase your credit automatically, whereas others will first ask for an update on your income and employment first. The only concern you should have is whether or not the company will perform a hard inquiry of your report first.

Ask to Eliminate Late Payments on an Otherwise Good Credit Report

Let’s say that you are usually on top of your payments. There was just one month you had a financial emergency and paid off your card a few days late. Now, that payment leaves a black mark on your report for good. If you have a good reason for the delinquent payment, you can call the credit card company or write a letter asking for the bad mark to be removed.

Develop a Payment Plan Together to Reduce Interest Fees

When you are set on paying back your credit card, you can arrange a plan with your credit card company. If you continue to carry a balance from one month to the next, your interest could be soaring. Your credit card company may be willing to work with you to decrease your payments or interest rate.

Consistently Look For Errors on Your Credit Report

Disputing errors is one more way you can improve your credit and make your report more accurate. It takes just a few minutes to fill out a dispute request through your credit reporting agency, and you should hear back within 30 days.

Improving your credit can be fast, but it is not instant. There are plenty of steps you can take to begin raising your score now. Do you still have questions about credit repair? Contact us to learn about additional options.