ICAATS

You need a good credit score in order to get quick approval on credit applications and to pay the lower interest rates. But how can you get a good score? By sticking to the guidelines mentioned in this article you’ll be well on your way to an improved score and the rewards it brings.

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.

You just need to get a copy of your report; which is available for free once per year from annualcreditreport.com. When you receive it you need to look it over for any inaccuracies it may contain. Data operators can make mistakes when inputting information and identity theft does occur so you want to check it over for any errors.

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 method for removing inaccurate items off your credit report is one of the quickest ways to increase your credit score. It is a little time consuming looking over the credit report yourself, but well worth it if you can get some negative items removed off your report and by doing so, increase your score. Then you’ll be able to enjoy the advantages a good credit score produces.