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Posted on 24 February 2017 | 2,197 views

How to Raise Your Credit Score 40 Points in 24 Hours

Have you ever seen your credit score crash? Sometimes at the last minute? We’ve all been surprised by credit reports that weren’t as great as we wanted them to be. This is how to make sure your credit report is headed in the right direction, especially if your going to get a home loan mortgage in the next 30 days.

When it comes to credit scores, the most recent two years mean almost everything. Even that $50 dental collection that you left unpaid can hurt your credit score if it happened in the past two years. Paying off an unpaid collection or charge-off can raise your credit score 30-50 points almost overnight.

If your unpaid collection is over two years old, dispute it. You have the right to dispute any and all information in your credit file you do not believe is 100% accurate. If there is “ANYTHING” on your report you don’t believe is true, challenge it! The credit reporting agencies must remove the item your challenging from your credit report but if they find it is indeed correct, they can legally add it back to your credit report. Congress gives you the right to do it and if you’re FICO Score is low, this remains your primary vehicle to get it up in a hurry. Removing an unpaid collection or charge-off can raise your credit score 30-50 points almost overnight.

Want to know the “secret” that those credit repair companies don’t want you to know? See the above — you only need a dispute letter to get these unpaid collections off of your credit report.

You don’t need to spend $500 to $2000 dollars to get it figured out? Even the FTC ( the government agency responsible for overseeing consumer issues related to credit reporting issues) says that self help is best. Credit repair firms are certainly legal, (don’t let anyone tell you otherwise) but for those of you with a good head on your shoulders, they are entirely unnecessary!

How to Raise Your Credit Score 40 Points in 24 Hours


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