Raising a FICO Score - Raise Credit With More Than 100 Points Using One Simple Strategy
Raising a FICO score can be a daunting experience.
Financial discipline, effort and careful budget planning seem like an inseparable part of the credit repair process.
Luckily, there are faster routes that will take you to the desired destination.
The only requirement is credit knowledge and thinking outside the credit box.
Here is one simple strategy that can bring substantial changes in your score over a short period of time.
Under the Fair Credit Reporting Act you can dispute any inaccurate, outdated and ambiguous info on your credit report.
You can also dispute unverifiable negative information.
If credit bureaus or debt collectors are unable to provide documentation proving that the debt is yours, they are required by law to remove the negative item from your record.
Because of the acquisitions that took place during the last years, most credit card and mortgage lender companies don't keep records of files older than 12 (18 months in some cases).
Why? Because it costs an arm and a leg to keep a huge database updated or to import files from one database to another.
Requesting debt validation (copy of the original signed agreement or credit card application plus written proof of the payment history) can turn into a challenging task for the credit bureaus or debt collectors.
If a creditor can't verify a debt, they are not allowed to collect it, contact you about it or report it to credit bureaus.
The Fair Credit Reporting Act also states that you can sue for any violation of the act.
Raising FICO score could be achieved with knowledge about your legal rights and the credit system.
Once you start thinking outside the box, you'll be surprised to find how easy credit repair actually is.
Financial discipline, effort and careful budget planning seem like an inseparable part of the credit repair process.
Luckily, there are faster routes that will take you to the desired destination.
The only requirement is credit knowledge and thinking outside the credit box.
Here is one simple strategy that can bring substantial changes in your score over a short period of time.
Under the Fair Credit Reporting Act you can dispute any inaccurate, outdated and ambiguous info on your credit report.
You can also dispute unverifiable negative information.
If credit bureaus or debt collectors are unable to provide documentation proving that the debt is yours, they are required by law to remove the negative item from your record.
Because of the acquisitions that took place during the last years, most credit card and mortgage lender companies don't keep records of files older than 12 (18 months in some cases).
Why? Because it costs an arm and a leg to keep a huge database updated or to import files from one database to another.
Requesting debt validation (copy of the original signed agreement or credit card application plus written proof of the payment history) can turn into a challenging task for the credit bureaus or debt collectors.
If a creditor can't verify a debt, they are not allowed to collect it, contact you about it or report it to credit bureaus.
The Fair Credit Reporting Act also states that you can sue for any violation of the act.
Raising FICO score could be achieved with knowledge about your legal rights and the credit system.
Once you start thinking outside the box, you'll be surprised to find how easy credit repair actually is.
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