The Ultimate Guide to Fast Credit Repair Results

If your credit is anything less than perfect, you should be aware that fast credit repair is the most important thing you can do right now to boost your credit score.

If you want to repair bad credit, the best way to achieve fast credit repair results is to improve the handling of your credit over time.

Need Fast Credit Repair?

Credit repair is the process of fixing a bad credit report (e.g., removing negative information from your credit report that is inaccurate).

More simply, it is the process of fixing mistakes or errors on your credit reports with the credit bureaus.

If you know there is negative information on your credit reports that is not accurate, you have the right to contact the credit reporting agencies and dispute that information on your credit reports online, by phone, or by mail.

You could technically write and send out your own dispute letters, pull your own reports, and get negative listings on your reports removed, but this is far from the easiest credit repair method.

If you do not have the time to repair your credit yourself, there are credit repair companies such as CreditRepair.com which can be useful. Credit repair services are best when used for disputing errors, or things reported on your credit report beyond the statute of limitations.

Credit repair companies act on your behalf to dispute incorrect listings on your credit reports using proprietary credit repair software.

If you want to achieve fast credit repair results, you may want to dispute your credit report issues as quickly as possible. Having said that, some credit report issues are easier to dispute than others.

For example, identity theft may require extensive credit repair work.

How you can achieve credit repair results fast also depends on how quickly you can send out dispute letters to the credit reporting agencies to fix item(s) on your credit reports that has been found to be inaccurate, unfair or wrong.

If you are looking for fast credit repair option, you will first gather credit report from the three credit reporting bureaus to make sure the information is correct on all the three credit bureaus.

So it is important to check your credit reports regularly to make sure they contain the information on all of your credit accounts is accurate

How To Repair Your Credit

“There is no quick and easy way to fix your credit.”

Negative, but accurate, information such as late payments, delinquencies, etc. will remain on your credit report for 7-10 years.

Having said that, there are steps you can take to achieve fast credit repair results and boost your credit score over time.

Here are 3 important things you can do right now to provide debt relief.

Check Your Credit Report Regularly

It is important to pay attention to your credit score factors that are currently affecting your credit score and history.

When you order a free copy of your credit report from one of the three main credit reporting agencies, it features a list of the top factors that are currently affecting your credit score.

If you know there is negative information on your credit reports that is not accurate, you have the right to contact the credit reporting agencies and dispute that information on your credit reports online, by phone, or by mail.

Your credit report helps you gain a clear understanding of what you can do to repair your credit as well as boost your credit score over time.

You can achieve fast credit repair results if you pay attention to the factors affecting your credit score because they will help you determine what changes you can make to further repair your credit.

Set Up Payment Reminders To Avoid Late Payments

Making regular payments on time on your credit cards and loans is one of the most important factors to repair and rebuild your credit over time.

You could check with your bank if it offers payment reminders through its online portal that can send you an email or text message reminding you when a payment is due.

You could also setup automatic payments through your credit card and loan providers to have payments automatically debited from your bank account, but this only makes the minimum payment on your credit accounts.

It does not help making only the minimum payment on your credit card(s) and loan(s).

Reduce Your Overall Debt Load

Reduce the amount of debt you owe to not only repair your credit but also defeat the debt monster over time.

One of the best ways to reduce your debt is stop using your credit cards.

If you have more than one credit card debt, check recent statements of all of your credit accounts to determine the amount of debt you owe on each account and what interest rate they are charging you.

You could put the most of your available budget for debt payments towards the credit card with the lowest balance or the highest interest first, depending on your payment plan, while maintaining minimum payments on your other accounts.

How To Boost Credit Scores Fast

There are some things you can do right now to improve your credit scores, such as:

  • Make all your payments on time, every time.  Your payment history is the single most contributing factor in your credit history and score. So make sure all of your payments are made on time, every time.
  • Keep your utilization rate as low as possible.  Keep your credit utilization rate as low as possible, preferably below 30%. Keep balances as low as possible on credit cards and other revolving credit because high outstanding debt can affect a credit score.
  • Pay down balances in full each month.  Paying down balances in full each month is the most effective way to boost your credit score quickly over time.
  • Have different types of credit accounts.  Have different types of credit accounts, such as revolving and installment accounts.  Apply for credit only when you need it as multiple applications hurt your credit score.  Consolidate some of your debts using a consolidation loan.
  • Re-Establishing your credit. If you had problems with your credit and you have repaired it, then re-establish your credit history. Open new accounts, but use them responsibly by paying them off on time to boost your score in the long term.
  • Check your credit reports.  Check your credit reports regularly to make sure the information contained by the reports is accurate. Ordering your credit reports from the credit reporting agencies or an organization authorized to provide credit reports to consumers will not affect your score.
  • Apply for and open new credit accounts only as needed.  Apply for credit only when you need it as multiple applications hurt your credit score. Besides, opening new accounts just to increase your available credit probably will not raise your credit score. In fact, this approach actually lower your credit scores.
  • Have credit cards. Have credit cards, but manage them responsibly to raise your credit score. Having credit cards is a a great way to boost your credit scores. Someone with no credit cards tends to be a higher risk to potential lenders than someone who has managed credit cards responsibly.  The American Express Blue Cash Back card is a great choice!
  • Do not close an account.  Closing an account does not make bad credit go away. In fact, it can actually lower your score, because a major component of FICO scores is credit utilization.  Closing an account lowers the amount of available credit.

In conclusion

The length of time it takes to repair credit depends on your previous credit history and how it is currently affecting your credit score.

Repairing your credit report and scores is absolutely important if you want to boost your credit score. Improving your score after a credit repair will take patience and discipline.

If you need help repairing your credit I highly recommend the services from CreditRepair.com.

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