fix credit score online

Jon Arnold asked:




It is beyond my comprehension to note that many people don’t have a clue what their credit score is. For one thing, this is easy to find out and determine. But even more importantly, especially in these dire economic times, your credit score is something you should know as well as you know your phone number or street address because of the huge importance it has on virtually every aspect of your life.

You think you don’t need to know your credit score because “what it is is what it is and I can’t do anything about it”? Nothing could be further from the truth. In fact, multiple studies over the years have shown that the majority of consumer credit reports have errors in them, which impacts how your credit score is calculated. Just one error in your credit report, such as reporting someone else’s charged-off account as being part of your report, can lower your score to a level which may disqualify you from getting approved on that mortgage or new car loan.

And there definitely is something you can do about it. If one or more of the three major credit bureaus are reporting inaccurate information about you, it is actually your duty and responsibility to do something about it to get it corrected. One common myth is that those inaccuracies will self-correct over time, but again, that is a myth. If you do not dispute the inaccurate information being reported about you, that inaccurate information will continue to be reported for many years and may never “self correct”.

So you think you don’t need to know your credit score because you have no plans to apply for a loan or new line of credit? Although applying for a loan is the most common place your credit score is used, it is far from the only place. More and more, this score is being used to evaluate a person who is applying for a new job, to determine if they should be approved to rent this house or apartment, and even for car insurance. Car insurance companies allegedly have statistics that prove that people with lower credit scores make more claims on their car insurance, so if your credit score is low, chances are good that your car insurance is costing you more than it needs to.

Get a free copy of your credit reports today, one from each of the three major credit bureaus. Chances are better than excellent that your reports are different at each credit bureau since different accounts report to different bureaus, and therefore each agency has a different view of your and your usage of credit. But this aspect only compounds the issue of having errors on your report, which you need to get corrected.

Betty

Tom Tessin asked:




Everyone knows that if you have a bad FICO score, you’re not going to be able to get a loan for your next home, auto, or even a personal loan. Since most of us can’t just throw down a few hundred thousand for a house, it’s important that we get a mortgage. Now having a bad FICO score doesn’t mean you can’t get a mortgage ever again. There are just some steps you need to take in order to improve your FICO score so that you can get that loan once again.

Get a credit report – If you haven’t received a credit report yet, you should go out and get a copy of your credit report to look it over. Make sure that you get a free report that the government allows you to get every year. When you get a hold your credit report, look it over and see if anything looks wrong or shady. If something looks fishy, you’ll want to fix it as soon as you can. There are many steps you can take; the first step I suggest you take is by calling the credit bureaus and seeing what you can do from there.

Pay your bills – No matter what you do with your bills, make sure you always attempt to pay off the minimum at least. If you don’t pay your bills, you’re going to get hit with late payment fees and this will affect your credit score a lot. Make sure that you pay at least the minimum. If you can’t afford to pay the minimum, I suggest you go out and find another ways to get money. There are many part time jobs out there that you can pay you a few extra hundred dollars a week like pizza delivery or working a retail store.

Get rid of your balances – When you’re trying to get out of debt, make your number one focus to pay off your credit card balance. Try and put as much money toward your debt as possible. This means you’ll want to cut back on the leisure expenses and focus on debt. So, instead of eating out for thirty dollars, make a five dollar meal at home and put that twenty five toward the debt.

Close a few accounts – If you have a few accounts laying around that you don’t use anymore, call up the credit card company and close them. Make sure that you know what you’re doing thought because some of your old accounts may be helping you. Credit companies love to see older established accounts. If your report shows nothing but new accounts, the companies will be a little suspicious of this. Make sure that you close a few accounts that aren’t as old as your oldest one.

If you can focus on paying off your debt and making a lot of money, fixing your debt shouldn’t be that hard at all. As long as you’re focused and determined to pay it off, you should have a problem at all.

Louise

Jon Arnold asked:




It probably comes as no surprise to most people that “somewhere” there is a credit report on them that knows everything they ever did, good and bad, financially. Unfortunately, this is where their knowledge stops though, and not knowing the real scoop about how this really works is actually hurting them.

There are three companies that keep track of your financial and credit history, which are Experian, TransUnion, and Equifax. They know more about you than you think or perhaps are even comfortable with, but that’s what it is. They compete with each other so they do not share information between them. Some lenders report to one of them every month, other lenders report to another one, and large financial obligations like your mortgage probably report to two of them or even all three.

So far no news alerts but it gets worse. They are in business for profit, so they want to get as many lenders as possible to report to them for their customer’s credit information. They occasionally have specials for lenders to switch to them, so Discover may have reported to Experian last year and this year they report to TransUnion, and your Exxon account may have reported to Experian last year and now reports to TransUnion. This type of change occurs on a very regular basis.

Are you starting to see where a problem could (and does) occur? What happens is that not one of these credit reporting agencies really has a complete and accurate credit picture about you. Further, when a creditor of yours who reported to one agency that you were past due and then switches to another credit reporting agency, the first credit reporting agency continues to report you as being past due on that account because they never get corrected information.

The truth is that studies have shown that the majority of people in the US have at least one inaccurate item on their credit reports. That is almost a guarantee that there are errors on your credit report. The impact of those errors means that your credit score is being calculated lower than it really should be, which means that you are paying higher interest rates than you could be, as well as the other areas of your life a credit report affects.

There is no self-correct mechanism built into the system, and these errors will never be corrected unless YOU do it. There are right and wrong ways to get this information corrected and if you don’t do it right, you could make it even worse. You need to make your dispute be legitimate, not frivolous. There are a lot of people out there with accurate negative information on their credit report who are disputing that information with the credit bureaus in the hopes that even though it is accurate, it will disappear. You on the other hand have a legitimate beef that you want incorrect information corrected.

There is no sense in having inaccurate information about you being reported as accurate and factual. Get it corrected, and this is something you can do yourself, where you do not need to spend money on a “credit fix”. This is entirely legal, and is indeed your responsibility. You are only hurting yourself if you don’t get this done.

Sherry

Malik Watson asked:




Think your credit problems won’t affect you in the workplace? Think again!

Increasingly, employers are conducting credit checks as a standard part of the hiring and promotion process at many companies nationwide. This number has gone up tremendously since the end of 2009.

Years ago this practice was only limited to jobs on Wall Street, or in financial institutions where a person was responsible for handling money. These days, thousands of companies are making credit checks a standard new-hire procedure, just like criminal background checks, regardless of the type of position.

Blame it on the economy. Blame it on the mortgage and financial crisis! You can even blame it on your parents if you like. It doesn’t matter. What’s important is that this way of hiring people is becoming the standard way of doing business for many human resource departments. And with so many people losing jobs and becoming unemployed, protecting your credit is more important today than ever before, if you expect to be able to find employment once the economy turns around.

After nine years of working in the financial sector, here’s what I’m starting to notice become commonplace across most industries:

When it comes to hiring and promoting employees, companies are starting to believe the way you handle your finances and credit is a direct reflection of your behavior in other areas of your life.

If you regularly pay your bills late, they believe you are much more likely to be constantly late for work. If you’re behind on bills, you’re more likely to steal from the company. Although not necessarily true, in 2010 this is becoming the standard way of thinking in companies across America.

Even if there’s a reasonable explanation for your past credit problems, companies consider bad credit as a distraction and feel it takes away from worker productivity.

Recent research shows that employees with bad credit are significantly less productive on the job than those who have their finances together. With so many people expected to be out of work and seeking employment in 2010, its way too easy for a company to not even bother risking hiring a person with bad credit when they can easily hire someone else with good credit. Especially in a market like this, where every time companies need to fill a position, they get thousands of people applying for it.

Companies use this same ‘drop and run’ process when running background checks. Try admitting on an application that you have a felony criminal record and see how fast your resume gets trashed. It doesn’t matter how much you might have turned your life around. Companies aren’t willing to take a risk. There are way too many other applicants who have a clean record.

They could care less about why you had problems in the past. They don’t care about the details. The same happens with all these companies who now run credit on new job applicants.

Don’t say you haven’t been warned.

Under the Fair Credit Reporting Act, a prospective employer must get your signed permission to conduct a credit check. For them, that process is easy. Once they hire you, you’ll usually see a piece of paper that needs to be signed, along with all the other new-hire paperwork you get after starting any new job. The paperwork will usually say you have to give them the authorization to run your credit, as a condition of employment. Usually they won’t even tell you in the beginning that your credit is going to be considered as a condition of employment. You won’t find this out until after you’ve gone through the entire hiring process.

According to the Federal Trade Commission, this procedure of running an applicant’s credit is totally legal and is increasingly becoming used as a prescreening tool.

If a company decides to fire you because of your credit, they are required to provide the reasons why and provide you with a copy of the credit report and a disclosure of your rights under the Fair Credit Reporting Act. That might be nice, but what good is that after you’ve been terminated?

With this practice becoming more common in 2010 and beyond, I would highly recommend if you’re out there looking for a job or plan on getting a promotion, be sure to keep your credit scores high and resolve any credit related problems you might have. Today’s job market is much too competitive to miss out on an opportunity or end up getting fired because you’re sitting there with bad credit and haven’t done anything about it.

Tina

Darin Sewell asked:




We all want perfect credit and the benefits that go along with it. But for so many a good credit score escapes them for one reason or another. There are however simple tricks you can use to increase your credit score.

Tricks To Raise Credit Your Credit Scores

The first trick is quite simple and can be accomplished with a phone call to the credit company. This trick is increasing the credit limit on your revolving accounts. By increasing the credit line you will lower your balance to limit ratio and effectively boost your score slightly. The magic number to shoot for is the area of 45% of the limit be used. So if you had a credit card with a $10,000 limit you would want no more then $4500 on the card at anytime.

The next trick is to have yourself added as an authorized user on a relatives or friends credit account. The important thing to keep in mind here is that you want to be added to an account that has no late payments and has a balance that is at most 45% of the credit limit. Try and keep the credit lines you are added to at $5000 or above.

Smaller accounts the are in the $500-$2000 range ill not do much for your credit score. Be sure that who ever you use to do this trick always pays there bills or your credit will suffer as well. The are now services that offer to put people with bad credit to get added as an authorized user on accounts of people with good credit. These services are quite expensive however and can range from $500 to $2000.

Another simple method to increase your credit scores is to go through your credit report and dispute any false information or in formation that is very old. Often times creditors will not challenge disputes on accounts that are over 3 years old. Online disputes can be done at the credit bureaus websites directly.

These 3 simple steps have helped many of my clients raise their credit scores significantly to help them qualify for mortgage financing. Although not an overnight fix when applied these tricks will help but in the end timely bill payment and financial responsibility will almost guarantee a high credit rating!

Elaine

Rachel Mohan asked:


You might wonder what’s the fastest way to raise my credit score?. The answer is only one – How much do you want to raise it? The proven techniques to fix credit score have laid out some strategy depends on how much you would like to raise your credit score. For example, if you wish to increase your score from 580 to 650 then your strategy will be very different from someone wanting to go from 670 to 725.

Why? Because you starting point is different which requires a different approach. Also, while the removal of negative items from a report will almost always lead to an increase in score, it’s a basic concept at best. Therefore, within this article, we’ll discuss somewhat inside techniques known by very few since this is a limited guide being published by Consumer Publishing Group a.k.a the Credit Secrets Bible.

Among the few insider techniques explained in the guide are:-

ADVANCED CREDIT PROFILING



This is a strategy while not complex, can be taken to very complex levels. Even in its’ most basic form, it’s taken advantage of by very, very few. It involves intentionally building your credit report in a way which creates a “profile” that closely fits the criteria of most lenders (as well as the overall credit scoring system). Again, this is a technique which can be used in a myriad of complex ways, but for simplicity I will explain it in its’ most basic form.

While many consumers will boast when they have 10, 20, 30 or even 50 thousand dollars worth of credit cards on their report, many of these same people do NOT have even one mortgage, automotive loan or lease, equipment loan or a even a line of credit with a local bank or credit union. These other forms of credit create a much more well rounded credit profile for the consumer. This is achieved by showing greater credit account diversity and experience with multiple types of credit due to the various lines held.

For example. A person with $50K in credit cards does not represent near the credit experience as a person with the same $50K along with a mortgage, an automotive loan and an equipment lease. We have clients who have financed vehicles not because they had to (or even wanted to) but because they “needed to” in order to create a credit profile that would position them in the future to secure the lowest possible rate on a mortgage when they applied and needed it.

Subscribing to Affluent or Semi-Affluent Business and Professional Publications and Organizations

More complex forms of Advance Credit Profiling involve one subscribing to affluent or semi-affluent business and professional publications and organizations. These would include magazines, newsletters, trade journals and national associations. The goal is to get ones name into the databases of these publications and organizations.

Why?

The reason is simple – to get on highly targeted lists in order to receive select credit offers.

Marketers of credit offers have found that simply renting names of consumers from the credit bureaus does not provide enough information about the person as a credit risk anymore. Therefore, it is speculated that many will rent a list from the credit bureau and then cross-reference this list against another list they have secured from a consumer source such as an affluent business or professional publication, trade journal or organization.

By crossing the two lists together the marketers find the names contained on both lists. This in turn provides them with one highly refined and targeted list to mail their offer to. This results in shortening the process of securing a new quality account holder thus lower the overall account acquisition cost of new accounts.

When a consumer learns how to intentionally put themselves into these databases to wind up on these refined lists, the credit building process is sped up exponentially. Of course, many would call this “highly speculative” but we have undeniable experience that it works.



DEPOSIT LOAN PROGRAMS:

This is a technique so unbelievable that I myself proclaimed it had to be a scam before researching the facts. It allows the consumer (or business) to have a $25,000 to $250,000 loan appear on their credit report as “Paid as Agreed” by way of very creative financing. This method is extremely effective and not within the budget of most ($750 to $7,500 upfront).

Also, because this technique takes advantage of certain banking laws, I have reason to believe it could be made unavailable at any time if those banking laws were to change. This method can be used with consumer credit files on SSN’s as well as business and corporate credit files done on TIN’s as well as Dunn and Bradstreet.

In the end, all of us need to remember that today our credit score is more important than it has ever been in the history of the credit reporting system. While credit miracles don’t happen overnight, you can create your own credit miracles by applying simple insider strategies consistently over time.

Learn more techniques and get the full story on how to fix credit score.



Alvin

Ryan asked:


If you are in the process of getting an auto loan or mortgage for a new home, you want to make sure your lender sees the best possible credit score. A poor credit score can literally cost you twice the amount of money for your purchase over the length of the loan. Sadly, it’s quite probable that there are errors on your credit report that are keeping your credit score from looking its best.

Fixing your credit report has become a lot easier than in the past. New laws protecting the consumer require credit agencies and creditors to respond to an issue you bring to their attention within 30 days. That’s great, but what if you are applying for a loan today. How can you get your credit score repaired within the next two days? The good news is it’s possible with the help of a credit rescorer.

The first thing you want to do is pull your credit report. All three credit bureaus are required to send you a free copy of your report once a year, which you can quickly access online. Take a good look at it for inaccurate, false information and highlight the errors you find on your report. Some errors will affect your score more than others. A bankruptcy that never actually occurred is a lot worse than your employer’s address, for example.

Once you have identified the errors, call a credit rescorer. A credit rescorer is an agent with that will work on your behalf to contact the individual credit bureaus and the lender that reported the false information. The rescorer has an inside to these organizations and knows how to get the process resolved quickly and painlessly. As a result, they can have our credit score corrected in a single day and have the changes made on your credit report.

Using a credit rescorer will cost you about a $100 per an error, but it will save you thousands of dollars in the long run with better loan terms. But before you go to spend the $100, learn a few tricks on how you can quickly improve your credit score on your own.

Get Your Credit Score



Nancy

SlevinKelvera asked:


When we first got our home we had to put all four memebers of our family (Parents, me and my sis) on the mortgage. But now we have a chance to refinance our home at a lower fixed rate. I was wondering if my credit score will be affected if I got my name removed from the mortgage and just left my parents on it? And what other side effects this may have? And is it a good idea??

Roberto

Mike asked:


me and my wife are wanting to get a house, my credit score isnt very good (560) but hers is like 720. How do banks figure out how to handle a mortgage when the husband and wifes credit score are so different? i have been working to fix mine but we are wanting to get a house within the next 6 months. what should we do?

Juanita