How to Increase Your FICO Score 50 Points in 30 Days
Sometimes, people make bad decisions and they end up losing their house, car and credit cards that ruin their credit history.
There are several legal and highly effective ways to improve your credit rating. As a result, follow these steps below and you will be able to take your credit score from lets say a 583 FICO Score to a 633 FICO Score almost overnight.
Step #1: Remove the negative accounts from your credit report — write letters to the collection agencies requesting proof that the accounts are yours. Most of the time they will have no proof that the bad accounts belonged to you and you will be able to get them deleted from your credit file.
Step #2: Open new credit card accounts (Secured Credit Card) with high credit limits and kept the balances low — if you keep your available credit limits high and only use 10 to 30 percent of the credit you have available, your credit score will improve dramatically.
Step #3: Add accounts with years of perfect payment history (Piggybacking) to your credit file — this step will boost your credit score 75 points almost overnight.
Although there are several highly effective steps you can take to increase your credit score 50 points, these steps are the ones which are highly effective — each step can also be completed in less than 30 days.