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E-Fix Credit Blog

How to Increase Credit Score Quickly

Sunday, January 07, 2018

Good credit is the key to success. An excellent credit can help you receive a higher amount for a longer period at a lower interest rate. If your credit score is low, the chance of getting a loan becomes lower. You can only get a very little amount at a higher interest rate.  If you have a lower credit score, you need to fix it fast with no matter it is an established business credit or a damaged personal credit.  

 

As the analytic reports have come, a vast majority of people are interested in getting effective tips how to increase credit score quickly. The best advice for rebuilding or repairing credit is to manage it carefully and sincerely.

 

Given below are the credits boosting tips:

 

Check Credit Report

 

You should make a good start by checking your credit report. Have you not had the report yet?  Contact the three main credit bureaus- Equifax, Experian, and the TransUnion and request them for a free copy of your credit report. Check the errors and suspicious transactions. Mark the late payments to crosscheck these. Make sure they are no listed incorrectly.

 

Dispute Negative Information

 

If you found any erroneous data or outdated information in your credit reports, file a dispute. You could experience a nice bounce in your credit score if you get negative data dropped in the credit reports of Equifax, Experian and TransUnion.

 




Setup Payment Reminders

 

Paying on time becomes an important contributing factor to increase your credit score. Enrolling for automatic payment is good. If you forget to pay according to the payment reminder sent to you as an email or text, it will be automatically debited from your account. Thus, you can avoid late payment.  

 

Eliminate Credit Card Debt

 

Eliminating credit card debt altogether is a straightforward way to boost your credit score.  Keep in mind that 30% of your credit score depends on the amount of credit card debt. If possible stop using your credit cards for a certain period of time and start checking all of your accounts linked to your credit cards. Scrutinize the recent statements to determine how much you owe on each account. Finally, decide the interest rate they are taking from you.   

 

For more professional solutions and advice, contact e-Fixcredit. There are many certified credit counsellors, mortgage broker, tax specialist, business advisors, and debt arbitrators to help you fix poor credits.   

 

 

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