How To Raise Credit Score By 200 Points?
Credit Score is something that is keeping many people awake at night. Well, not credit scores, but the bad credit scores. Yes, bad credit scores tend to send people into panic attacks as they realize their score has taken a turn for the worse. It’s what keeps many people away from buying their dream home, cars, and even getting a job. With the ease at which you can spend on things, getting a bad credit score is not a difficult task. If you have a bad credit score and are looking for a quick fix, then forget it. Mending your credit score is not an easy task, but with little patience and discipline, you can improve it. So, how to raise credit score by 200 points?
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How to raise credit score by 200 points?
1. Find yourself a Credit Monitoring Program
This is the first step. Want to fix your credit report? You need to know what really is in there. This information updates itself after 30 days and without this, you will not be able to keep track of your credits. With the help of this program, you will get notified each time someone sees your credit. Most of the time, people use Credit Monitoring Program because they have been victims of identity theft. It will also help one to be more responsible for their high balanced cards, using your card over the limits and all the other inquiries.
2. Being a miser when using your credit
Fixing your credit is going to take painstakingly long time. So, if you don’t want to prolong that time, act wisely. Each time you use your card for high price purchase, you are going away from your goal. Keeping your credit card use below 30% credit utilization ratio will prove helpful.
3. Cash and Credit are the same for you now
As stated earlier, the ease with which you can spend on things, bad credit scores are easy to get. Don’t get tempted to buy each and everything that you see on the window. Remember the 30% rule. If there is something that you buy and it will take more than 5 months to pay back, it might be better to hold back yourself and not buy it at the moment. If you are going to spend above your limits, credit card companies might find you a risky investment.
4. Keeping an eye on your credit information
It is a common situation that most of the time your credit report will have misleading, inaccurate and old information. Many times creditor tend to sell information to the collection agencies in order to collect capital that you owe. The creditor has an obligation to provide your report correctly. When such an incident happens, you must amend it with Transunion, Equifax and Experian. It generally happens that they lack any evidence to back certain claims as the information is too old to reach. If an investigation into the report begins, all the creditors and credit offering companies see that all the issues are dealt with.
5. Old Debt settlement
Keep your eyes open to seize any opportunity to settle your old debts. Many creditors often offer deals to tick off such items which are affecting your credit. This is down to get payment from you. This can help you improve your credit score and have a relaxing moment.
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We are highly negligent when it comes to monitoring our credit score. With each passing day, more and more people are suffering from the bad credit scores. Keep your head straight and be through with your credit report. You will get there.