|
| |
How To Raise Your Credit Score In 24 Hours
by: L.K. Hughes
If you are like lots of people these days, you are thinking of shopping for a
new home or new vehicle loan. Why? Because interest rates are still the lowest
they have been in 40 years, and now is a better time than any to get financing.
I just bought an RV myself, and I remember the nervous feeling while they pulled
my credit score at the dealer. 668 *whew*. Not bad as it turns out.
Many people don’t plan ahead and pick up their credit score before shopping for
a loan to get the best credit possible. A lower credit score (one below 620 or
even 650) can mean the highest interest rate and highest monthly payments. A
score of above 720 means the lowest rates possible. Having the best credit score
you can have means saving thousands of dollars over the life of your loan. How
can you raise your credit score in a quick period of time, and save?
There are several ways to improve your credit score in just a day, or even
hours. One is called the "rapid rescore" process, offered through your mortgage
officer only, by a company called Access. With this system, you must do legwork
to change your credit report contents yourself.. So for instance, you might have
to pay off certain collections or liens and call thecredit bureau to change your
credit report contents. The rapid rescore process gives your credit score a
second look within a day or two sothat any improvements will show on your second
credit score. The drawbacks of this process if you can only do it through a
mortgage broker, and also, you must have something that you can improve quickly
on your report such as paying off a collection or a card balance.
Another way to improve your credit score quickly is to use techniques to
temporarily "bump up" your credit score. I talk about these in my ebook "Improve
Your Credit Score In 24 Hours". I also provide special phone and fax number info
for credit bureaus. Depending on which creditors and credit bureaus you use you
can many times cause your credit a temporary "boost". Techniques like this are a
great "survival skill" in your credit career. I think they are the best because
they work no matter what's on your credit report.
People are getting more financial savvy these days with gurus like Suze Orman
telling folks about their FICO scores (another term for credit scores). I think
it is good because having credit knowledge before you make large purchases for
things like homes or cars can save you thousands of dollars and put more money
where it belongs, your investment future.
Good luck with Improving your Credit Score!
About The Author
L. K. Hughes is a Credit Repair Specialist and the author of "Improve Your
Credit Score in 24 Hours. For more information, see the website "
http://www.thebestever.net/credit/creditscore
| |
|
