http://www.fastscoresystemvideos.com/credit-repair-greensboro-nc/
There are many misconceptions about credit repair. There are many marketing companies out there telling people they can improve their scores by 200 points in a couple of weeks. The fact is that many of these claims are not true, and the methods used are unscrupulous, illegal or simply not real.
The person can take the following steps to increase your credit score. (your credit score can mean the difference between a prudent borrower qualification for buy a home, not in this market)
1. Maintain a balance of 25% or under any unsecured credit card you have. (eg limit $ 1,000 balance must be maintained below 250).
2. ONLY dispute inaccurate information in your account. (If all you dispute on your account, can sometimes make more harm than good.
3. When paying a credit card, do not close it. (Credit available Cushion is a very important factor in your credit score.) The Banks want to see that credit could be used if you want, you do not want.
4. This may be common sense, but … Do not be late on any payments to credit reporting agencies. If you must arrive late, no more than 30 days late on anything ever. This is the single fastest way to bring your credit score down. If you are going to be late for anything, call your creditor and let them know first and make them put in writing a report to the credit bureau.
5. If you have credit available and the money to pay, use, then pay immediately.
6. (Most important) Live within your means. Do not use credit to finance their way of life. Create a budget and stick to it each month. (using tools like mint.com to help)
Use these tips and you can increase your score greatly over time. Your score will not go up 150 points in one day if you follow these tips, but can rise substantially over a period of 3-6 months if you follow these guidelines.
In this current environment, banks will loan find reasons to turn people down, so the better your credit score, the more likely qualification and will purchase the home of your dreams.
Greensboro Investment Homes is an investment company that has purchased 100’s of houses in the triad.
If you have a house to sell go to http://www.greensboroinvestmenthomes.com
If you are looking for a house to buy go to http://www.triadhouses4sale.com
Cash Money Tuesday! – “Credit Repair”
