By Linda Knox
If you’d like to get approved for credit when you apply for it and get the best interest rates, having a good credit score is a must. These tips discussed in this article will help you get a better credit score so you can enjoy the advantages a good score carries.
One of the swiftest ways to improve your credit score is to get inaccurate items taken off your credit report. Some folk think you need to hire a professional credit counsellor to do this but it’s something you can easily do for yourself.
All that’s required is a copy of your credit report. You’re entitled to free copy every year and they are available from annualcreditreport.com. When you get your copy go over it looking for any inaccuracies that could be on it. Identity theft is on the increase and data entry clerks can make errors when inputting data onto reports so you need to thoroughly check it over.
If you see any inaccuracies on your report like late payments showing on there that have been paid or inquiries that appear on the report that you did not make, you need to write to the credit agency and query the inaccuracy. You legally have the right to do this. To aid your dispute, it is prudent to supply copies of any paid receipts or check stubs that can prove your case. Don’t send the originals.
Post the letter by certified mail so that you have confirmation of the date it was sent. When the credit agency receives the dispute letter they will make contact with the creditors or lenders involved to confirm whether the items you are disputing are inaccurate.
There is a 30 day period in which the credit agencies must execute this however it may be a bit lengthier than this if the other party involved takes longer to get back to the credit bureau. If the disputed item cannot be proven as accurate, then the item in dispute will be taken off your credit report.
This is the fastest way to get inaccurate items removed from your credit report and even though it does take a little time to do, it is worth the effort – a person of average intelligence is quite competent enough to do it. Taking the time to get errors removed from your credit report will help to increase your credit score so you can enjoy the benefits a good credit score brings.
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Topics: Finance | Comments Off
MLA Style Citation:
Knox, Linda "Guidelines For Increasing Your Credit Score." Guidelines For Increasing Your Credit Score. 22 Jun. 2010. uberarticles.com. 1 Oct 2014 <http://uberarticles.com/finance/guidelines-for-increasing-your-credit-score/>.
APA Style Citation:
Knox, L (2010, June 22). Guidelines For Increasing Your Credit Score. Retrieved October 1, 2014, from http://uberarticles.com/finance/guidelines-for-increasing-your-credit-score/
Chicago Style Citation:
Knox, Linda "Guidelines For Increasing Your Credit Score" uberarticles.com. http://uberarticles.com/finance/guidelines-for-increasing-your-credit-score/
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