Although trying to quickly increase your credit score by 40 points might seem like a daunting task it can open a range of options. A 40 point increase could make a big difference when applying for an apartment, a car, or even a new job, so with some perseverance, you can potentially make a change in a short period of time.
Here are a few tips on how to quickly increase your credit score by 40 points:
1. Always make your monthly payments on time.
Improving your history of payments is a simple way to see your credit score rise. If you have an issue with lenders reporting you a day or two late, call them to see if they can change your on-time payment. This could be offered to you if you are not a frequent offender. The other option is to remove a late payment. You can try to file a dispute against the payment for inaccuracy. You can also call the original creditor and ask for a goodwill adjustment. If they do not allow you to add the adjustment you can negotiate by asking for automatic payments. This will show your interest in keeping up with monthly payments. The good thing is that the impact of past credit issues fades as time passes. Try to keep up with good payment patterns so your report will show you are handling your credit well.
2. Have positive information being reported on your credit report.
The most common way to have a good report is to have a credit card where you keep use low. You should make it a point to pay your statement balance on time every month in full. Another way you can keep a good report is have a card solely dedicated to paying your monthly bills such as rent, utilities, and electricity. This will make sure that you pay your debt every month and on time. You can also pay down the balances on your existing cards to get rid of the revolving debt. If you do not want to have a card dedicated to paying rent you can add your rental payment history to your credit report. If you do this make sure you pay your rent on time.
3. It is imperative to drop credit card debt altogether.
Around 30% of your score is due to the amount of credit card debt you are currently carrying. Once you cut this debt you will see an increase in your score within 30 to 60 days. Another way you can show that you are not a riskier borrower is pay your credit card balances as soon as you can before the due date. If you pay your debt before your monthly statement is due chances are your credit card company will report your reduced balances to credit bureaus. This will show that you are not risky and allow your scores to rise.
4. The last thing you can do is check your credit report for inaccuracies.
Even though you have three different reports from three different bureaus mistakes can still be made. If you have reported this information before always check your yearly statement to make sure the information has been changed. This is one of the main reasons for a declining score time and time again. Be sure to report any inaccuracies you found and do not give in until you see a change.
No matter what your situation, Go Clean Credit has a solution. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.
We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.