If you have a bad credit and want to do something about it, usually it is only a simple problem to follow the procedure of step by step that will ensure a relatively fast increase and free to bother in your credit score (also known as your fico score). But it is important to have a plan and not only get your current credit report and start making phone calls to companies that have reported insulting entries to your report. Here is a simple checklist for how to improve credit score:
Request for free copy:
Ask for a free copy of your current credit report. Federal law mandates that everyone is entitled to a free copy of their reports from each of the three main FICO reporting agents every year. Everyone must use this and remain the latest with all items in your FICO report. In this way you can be proactive and quickly eliminate inaccuracies (what happens more often than you think).
Credit repair guide:
Get a credit improvement guide and read it to get an overview of the process of improving your FICO score. There are several guidelines available, and one especially called “Credit Secrets Bible” is the most popular. This was written by an expert in the credit improvement business. This gives you step by step for how to analyze your report and speed up your score increase.
Make an appointment:
Avoid companies that make an appointment to increase your credit score at a cost. There is nothing that can be done by these companies that you cannot do yourself as long as you have the right knowledge. This knowledge is easily obtained by using a guidebook such as the “Crede Secrets Bible” manual mentioned above. Most companies that claim they will increase your credit score in a certain amount basically prey on individuals who do not want to invest time and efforts to increase their scores or think they have no choice because the system is too complicated and they will never be able to understand it and navigate through it. Both are wrong assumptions.
After you are armed with your credit report and a good guidebook on how to analyze and start increasing your fico score, take action. The first time you undergo this process may be quite a lot of work if your report has a lot of insulting entries and you have never gone through the previous process. Low credit score today’s anything under 600. You are not good to get your FICO report, buy a guidebook, and then do nothing with him. So make sure you are ready to try hard because, in the long run, it will be commensurate with the time you spend on it. If you do it every year, the whole process should not take more than a few hours.
The four simple steps above must keep your credit score stable and allow you to take advantage of more attractive interest rates, or even get loans that cannot be obtained by others, because of their low scores. So remember, this is not a difficult process. Only requires time and action. But remember, it will pay off a large dividend with your ability to borrow money that attracts interest rates in the future.