How To Improve My FICO Scores: A Quick Guide To Fast Credit Repair

When it comes to fast credit report repair, there is no quick-fix. Nothing worthwhile will happen in a matter of hours.

The best suggestion for DIY credit repair is to manage it carefully and pay at regularly intervals before due date. If you are not known for doing that, then credit score improvement will be very difficult.

Working on a better credit score will help you get a favorable mortgage faster. It will also qualify for better auto insurance premiums and make you a more attractive potential employee!

Let’s get started:

FICO Score: What’s included?

This one takes account of all your financial and related information to come up with a truly detailed credit report. FICO scores are a snapshot of all your credit data when the report is pulled. The FICO Score is made up of:

• Your Payment History : 35%
• What You Owe : 30%
• Span of Your Credit History : 15%
• Your New/Recent Lines of Credit : 10%
• Credit in Use : 10%

But in order to truly figure out what’s impacting your good or bad credit, you will have to get the credit report and review it thoroughly. You can individually contact the main credit reporting agencies to get your reports. But more conveniently, you can employ these credit monitoring services that will not only give you quick access to your credit reports from Equifax, TransUnion, and Experian but also inform you of your overall credit score.

3-Steps to Improving Your FICO Score

It is important to review your credit report to find any errors. This is imperative, so as to ensure the highest FICO score possible.

Once you are satisfied that the report is error-free, it’s time to follow these guidelines to fix credit fast. Mind you, these credit repair tricks will require patience and discipline.

1. Verify Your Credit Report – As stated earlier, your credit report has all the information required to determine your score. The trouble is that it may contain errors that are damaging your credit score and thus your reputation with lenders. Make sure that it lists all the payments and credit cards etc., correctly. Dispute any discrepancies with the credit report agency and your lenders.
2. Set Up Reminders For Timely Payments – Paying off your credit card installments, mortgage payments, car loan installments, etc on time is very important for a healthy credit history. Set reminders in your smartphone and make payments responsibly.
3. Reduce Your Debt Reliably – Take all your debts, and make a smart payment plan that addresses all your outstanding balances on all the different credit cards. Pay off the ones with the highest interest rates first, but continue to make minimum payments on all accounts. Make sure that you can accommodate this in your budget.

Repairing bad credit takes time and endurance. But it’s doable! Here’s the information you need to start contesting credit report errors. Quick Credit Report offers definitive resources for fixing bad credit while building good credit concurrently.