FreeStuffEngine.com - 3 Ways to Improve Your Credit Score by 50 Points In Less Than 30 Days By Hartley Pinn

In Less Than 30 Days.
?
"What can you do to increase that set of three numbers on your
credit report that can be so important with your financing?"
?
I came across this question as I was surfing discussion groups
the other day.? Check out my answer:
?
Dear Friend,
?
Here are 3 steps I used to take my credit score from 592
(horrible credit) to 762 (perfect credit) almost overnight.?
If you?re interested in improving your credit rating quickly,
you?ll find this story helpful:
?
In 1995 I made a decision that would ruin my perfect credit
history.? I quit my salary job to become an insurance salesman.?
The job paid commission only.? Within a few months I lost
everything - house, car, credit rating and my self respect.
?
By the end of 1996 I was living with my mom, all my credit
accounts were severely past due,? and I was paying 22%
interest on a broke-down green Geo Storm...I was a real loser.
?
Then, in 1997, I became a banker.? I didn?t know it at the time,
but this would turn out to be the break I needed to eliminate my
credit problems forever.
?
During my seven years as a banker, I came across several
legal and highly effective ways to improve my credit rating.?
As a result, I was able to increase my credit scores by an
average of 170 points.?
?
Here?s what I did:
?
Step #1:
After spending hundreds of dollars on credit repair services that
didn?t work, I found out how to get negative accounts removed
on my own.?
?
Basically, I wrote letters to the collection agencies requesting
proof that the accounts were mine.? 89% of the time they had
no proof that the bad accounts belonged to me.? So I was able
to get them deleted from my credit file.
?
Step #2:?
I opened new accounts with high credit limits and kept the
balances low.?
?
I discovered that if you keep your available credit limits high and
only use 10% to 30% of the credit you have available, your
credit score will improve dramatically.
?
?
Step #3:?
Next, I added accounts with years of perfect payment history to
my credit file.? This step took my credit score from 647 to 762.
?
While you can certainly add seasoned accounts to your credit
file for free, there are companies that claim they can do it for
a fee.?
?
The problem is, they charge between $2,000 and $2,500 per
account.? If you want a 700+ credit score you?ll need 3 to 4 of
these accounts. That equates to a cost of $6,000 to $10,000.?
?
(You can conduct a search on your favorite search engine for
companies that offer this service.)
?
?
While there are several highly effective steps you can take to
increase your credit scores by as much as 200 points, these
are the main ones...And here?s the good news:? Each step can
be completed in less than 30 days.?

Credit
added July 9, 2006 In Less Than 30 Days. ? "What can you do to increase that set of three numbers on your credit report that can be so important with your financing?" ? I came across this question as I was surfing discussion groups the other day.? Check out my answer: ? Dear Friend, ? Here are 3 steps I used to take my credit score from 592 (horrible credit) to 762 (perfect credit) almost overnight.? If you?re interested in improving your credit rating quickly, you?ll find this story helpful: ? In 1995 I made a decision that would ruin my perfect credit history.? I quit my salary job to become an insurance salesman.? The job paid commission only.? Within a few months I lost everything - house, car, credit rating and my self respect. ? By the end of 1996 I was living with my mom, all my credit accounts were severely past due,? and I was paying 22% interest on a broke-down green Geo Storm...I was a real loser. ? Then, in 1997, I became a banker.? I didn?t know it at the time, but this would turn out to be the break I needed to eliminate my credit problems forever. ? During my seven years as a banker, I came across several legal and highly effective ways to improve my credit rating.? As a result, I was able to increase my credit scores by an average of 170 points.? ? Here?s what I did: ? Step #1: After spending hundreds of dollars on credit repair services that didn?t work, I found out how to get negative accounts removed on my own.? ? Basically, I wrote letters to the collection agencies requesting proof that the accounts were mine.? 89% of the time they had no proof that the bad accounts belonged to me.? So I was able to get them deleted from my credit file. ? Step #2:? I opened new accounts with high credit limits and kept the balances low.? ? I discovered that if you keep your available credit limits high and only use 10% to 30% of the credit you have available, your credit score will improve dramatically. ? ? Step #3:? Next, I added accounts with years of perfect payment history to my credit file.? This step took my credit score from 647 to 762. ? While you can certainly add seasoned accounts to your credit file for free, there are companies that claim they can do it for a fee.? ? The problem is, they charge between $2,000 and $2,500 per account.? If you want a 700+ credit score you?ll need 3 to 4 of these accounts. That equates to a cost of $6,000 to $10,000.? ? (You can conduct a search on your favorite search engine for companies that offer this service.) ? ? While there are several highly effective steps you can take to increase your credit scores by as much as 200 points, these are the main ones...And here?s the good news:? Each step can be completed in less than 30 days.?
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