Boost Your Credit Scores

Boost your credit score by requesting free annual copies of reports from the three major credit bureaus. Each bureau will have one score on each consumer. However, it is possible to find out the scores by purchasing them. The average costs are usually less than $10. Knowing the numbers will benefit in trying to determine how much repair is needed to boost your credit scores. Low numbers means paying higher interest and fees when applying for financing.

If the overall numbers are below 620, efforts to boost your credit score should be taken immediately. Begin by checking history and personal information for any errors. Also, check for derogatory items or items that do not belong. Fill out dispute forms that are furnished by the bureaus by clearly stating the error. Be sure to include any information on the dispute form that might assist the bureau in correcting the error. This process should be done with each bureau since they do not share information but keep totally separate files on individuals.

Credit bureaus have 30 days to answer dispute forms made by consumers. In order to boost your credit scores one may need to follow up with the bureau after 30 days. It's important to be consistent with follow up on all disputed items to receive satisfactory results. After disputes are sent to account holders they should respond by providing the bureau with satisfactory proof that the account information is correct. If that information isn't provided by the account holder it should be removed from the record.

To boost your credit scores, pay down debts and cut back on using charge cards but most importantly pay the bills on time. Being consistent may raise numbers in just a few months time. As Christians, it's important that every aspect of our lives reflect righteousness, even our debts and attempts to pay them. "Withhold not good from them to whom it is due, when it is in the power of thine hand to do it. Say not unto thy neighbour, Go, and come again, and to morrow I will give; when thou hast it by thee" (Proverbs 3:27-28).

One way to boost your credit score is to pay off charge card debt. Having a lot of charge card debt and limits on existing accounts being maxed out can affect numbers negatively. Too many inquiries for new accounts and late payments on accounts affect the numbers negatively. When concerned with debt problems it is wise to avoid filing bankruptcy if at all possible. This will have a negative affect on numbers for up to 7 years and longer depending on the type of filing. Learning to live within budgeting guidelines is important. Trying to live above one's means will usually result in debt problems. Make a budget and put forth every effort to live within that budget, the results will boost your credit scores.

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