Clean Your Credit Report – Raise Your Credit Score 130 Points in 30 Days

There’s a lot of misinformation on the Internet surrounding the topic of cleaning up credit reports. In fact there is so much contradictory information that it can be hard to separate fact from fiction. In this article, I’m going to attempt to provide a lawful and factual approach that will help to clear the haze and assist with raising your credit scores 130 points in as little as 30 days.

Key Controllable Score Indicator #1: Available Credit

Even with all the secrecy around the private scoring methods of FICO and the other credit reporting agencies credit scoring methods, all of them have confessed that the amount of available credit in comparison to your credit limits is a key factor in how high or low your score is.

To see an immediate boost in your credit score, seek to keep your balances at 30 percent of the credit limit. As an example, a credit card with $1000 limit should carry a balance of no more than $300. I’ve seen this done with as little as one credit card which raised the credit score 24 points, instantly.

Key Controllable Score Indicator #2: Amount of Credit Inquiries

If your credit report reveals that you have multiple requests for credit over the past two years, this indicates a potential case that you may not be able to pay back all of your creditors. In other words, having zero to one inquiry would be fine, but once you have more than that over a two year period, it negatively impacts your credit score.

So in this step, don’t apply for any further credit until your finished cleaning up your credit report. Additionally, view each creditor that pulled an inquiry on your credit reports and if you don’t recognize the company as one you specifically gave permission to, absolutely dispute that inquiry with the credit reporting agencies.

Key Controllable Score Indicator #3: Validation of Late Payments

One thing that many consumers don’t check for on their credit reports is the accuracy surrounding any legitimate accounts. They may see an account listed that they know belongs to them, but unfortunately it doesn’t occur to check for accuracy in how that trade-line is being reported.

In this step, you can control accuracy by disputing any unverifiable or wrong late payment histories. Late payments, especially recent late pays, really weigh down your credit score, so be sure to dispute any late payments that you can’t specifically recall being accurate. The credit bureaus then have 30 days to go back to the original creditor and validate their information. If they don’t receive a response in 30 days, or they can’t find records to back up the late payments, by law, the credit reporting agencies must update the trade line per your request to, “never late.”

If you’re in a specific rush to raising your credit scores drastically see the link below for the most widely acclaimed strategy.