How to Raise Your Credit Score
You have three credit scores Transunion, Equifax and Experian. I destroyed my credit with student loans, three credit cards and medical debt worth a total of 80,000 in debt here are some easy tips to know to avoid bankruptcy. which by doing these simple steps I raised my credit two hundred and thirty points.
1. Student Loans
if you have student loans the best thing you should do is file for a hardship if you don’t get paid much, find a program that works for your income and consolidate your loans. If you miss payments on your loans before you consolidate them talk to you loan provider and ask them to put your account as current and backtrack your miss payments if you are paying them off, some will and some wont its worth the try. Just know those miss payments will be on your credit report for 7 years but read disputes to find out ways to get rid of them.
How to make a dispute: Every 30 days go to Transunion go to this site https://dispute.transunion.com
easy disputes is to fine any thing 7 years old on you account that is NEGATIVE and dispute it. Fair Credit Reporting Act, or FCRA. The act states that most negative items must be removed from your credit report seven years from the first date of delinquency. Read more: http://www.bankrate.com/finance/debt/old-debt-fall-credit-report.aspx#ixzz45ATeC1Sg THOSE WILL COME OFF EASILY!! Each dispute you have to put in an description for those just copy and past the italics about the FCRA. also bubble too old or not reliable for the debt
After that dispute any and everything on you account, every month do this on your transunion and equifax over flood them with disputes or even letters. If that company does not reply back in thirty days about your dispute it automatically get taken off.
3. Credit Karma
This is a free credit app that good to monitor your credit and give you good advice on what you can do to raise your credit and see whats been added and removed from your credit report.
4. Giving Credit
If you have a mom, uncle, grandma or even friend that have good establish credit with good standing on their credit card they can give you years of credit by adding them to their account. Only do this if you trust they pay their cards off , or temporarily to raise your credit to get a house, refinance or whatever you are trying to do for one month. This is good to do if you have children and you have good credit is to add them so when they graduate from high school their credit is established.
5. Secured Credit Card
This will help your credit if you get a secured credit card but you must use it right and always keep a low balance remember you are trying to build your credit. keep 90% use on your secured card it will help you
6. Bank Loan/Credit line
Later you can also ask you bank to give you a 500 loan or line of credit to help
7. BUILDING YOUR CREDIT IS A PROCESS
It doesn't happen overnight inquiries hurt your score so avoid trying to apply for cards knowing your score is not ready , if you trying to get a secured card read about that card!!