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None of the other banks approved my applications, and my score went down from the very beginning due to the number of “hard inquiries” against my report. Hard inquiries occur when lenders check your credit report before they make lending decisions, and having too many inquiries in a short period of time can result in several dings to your credit score. 
Despite the rosy national picture, we see regional and age-based disparities. A minority of Southerners still rank below prime credit. In contrast, credit scores in the upper Midwest rank well above the national average. Younger consumers struggle with their credit, but boomers and the Silent Generation secured scores well above the national average.
2. Negotiate. You can’t deny that you stopped paying a credit card bill when you were unemployed last year. But you can ask creditors to “erase” that debt or any account that went to collection. Write a letter offering to pay the remaining balance if the creditor will then report the account as “paid as agreed” or maybe even remove it altogether. (Note: Get the creditor to agree in writing before you make the payment.)
But make no mistake, this doesn’t do any of work for you. You still need to identify potential errors in your reports. You enter them into the software and then tell it when you file a dispute (in other words, the software isn’t connected to the online dispute portals for the credit bureaus). So, this is basically a high-tech way to track progress.

I wanted to raise my score a nudge, so I decided to get a car loan at a very low rate. I spent a year paying it off just to get a mix in my credit. At first, my score went down a little, but after about six months, my score started increasing. Your credit mix is only 10% of your FICO score, but sometimes that little bit can bump you up from good credit to excellent credit.
I know this post is nearly three years old but I was desperately trying to figure out how to raise my credit score a little faster than usual. I would just like to say that everything he posted I tried and it worked for me. I have raised my score 50 points in just one month! I still have a long way to go, but now that I know what to do, I see it only going up from here.
Credit scoring companies analyze consumer credit reports. They glean data from the reports and create algorithms that determine consumer borrowing risk. A credit score is a number that represents the risk profile of a borrower. Credit scores influence a bank’s decisions to lend money to consumers. People with high credit scores will find the most attractive borrowing rates because that signals to lenders that they are less risky. Those with low credit scores will struggle to find credit at all.

If you only have one item to dispute, you may be able to save money by learning how to complete the credit repair process for yourself.Remember, that under law you are entitled to a free copy of all 3 credit reports. You can dispute any item on your credit report either by phone, in writing, or online with each of the credit bureaus. Each will give you options to fax or email supporting documentation directly to them. If you have complex credit problems due to identity theft or divorce, you'll want to talk to an attorney that specializes in consumer law before you proceed.
When the bureaus and data furnishers receive the dispute and supporting information, they will then work with the credit repair company to determine if the item should be removed from your credit report. The major law dictating your rights when it comes to credit reporting is the Fair Credit Reporting Act, but it isn’t the only law on your side when it comes to credit repair.
However, each model weights the information differently. This means that a FICO® Score cannot be compared directly to a VantageScore® or an Equifax Risk Score. For example, a VantageScore® does not count paid items in collections against you. However, a FICO® Score counts all collections items against you, even if you’ve paid them. Additionally, the VantageScore® counts outstanding debt against you, but the FICO® Score only considers how much credit card debt you have relative to your available credit.
If you have a low credit score, there are many things you can do to improve it. Sometimes we don’t even realize that our credit report contains errors—errors that can be removed with a little determination and perseverance. Even if your score is low because of your own poor choices in the past, you can still take control of your finances and improve your credit over the long run.
Access to credit and loans may come easier than you expect, but that should also be a danger sign. There are several lenders who are willing to provide lines of credits or loans to people with poor credit. These options are often very predatory. If you’re simply trying to rebuild your credit history and improve your credit score, then there is no need to take this offers. If you’re in desperate need of a line of credit for an emergency, but have bad credit, please email us at info@magnifymoney.com for a tailored response.

Develop the good financial habits of living within your means, setting aside money in your emergency fund, and saving for the future. That way, you’ll be less inclined to skip payments, and you’ll have something to fall back on if you run into financial trouble. Keep with the good habits you formed while rebuilding your credit, and it will be easier to maintain your new, better credit history.
I wanted to raise my score a nudge, so I decided to get a car loan at a very low rate. I spent a year paying it off just to get a mix in my credit. At first, my score went down a little, but after about six months, my score started increasing. Your credit mix is only 10% of your FICO score, but sometimes that little bit can bump you up from good credit to excellent credit.

If a company promises to create a new credit identity or hide your bad credit history or bankruptcy, it’s also a scam. These companies often use stolen Social Security numbers or get people to apply for Employer Identifications Numbers from the IRS under false pretenses to create new credit reports. If you use a number other than your own to apply for credit, you won’t get it, and you could face fines or prison.

Keep in mind that if you have no history at all, it will take an estimated three to six months from the beginning date to see any kind of activity being reported on your credit reports. If you have recently acquired a credit card, you should make small purchases you will be able to pay off by the due date to begin to establish credit and show that you can manage a monthly payment.


Of these five components, two make up 65% of your credit score – your payment history and debt vs. credit available. As you might guess, your payment history is based on how well you’ve handled credit – that is have you made all of your payments and on time. Debt vs. credit available, which makes up 30% of your credit score is really the amount of debt you have available versus the amount you’ve used. This is called your debt-to-credit-available ratio. Say that you add up all of your available credit (your total limits) and got $10,000 but had total debts of $8500. In this case your debt-to-credit-available ratio would be 85%, which would be too high and would make you look very risky to any new lenders. So a quick way to boost your score is to pay down your debts, which would immediately improve your debt-to-credit-available ratio.
Companies that want you to lie about credit history or create a new credit identity can get you into legal trouble. Companies that provide “new” identifying information use stolen Social Security numbers, and if you use this number then you are committing fraud. Likewise using an Employee Identification Number or Credit Profile Number provided by these companies is a crime. Rather than committing fraud, take the steps below to improve credit on your own.
Radio, television and the internet are full of ads for credit-repair services promising to make your credit problems go away. It's not that easy. Be very wary of for-profit-credit-repair services. These ultimately just add to your expenses and, in the case of debt management services, may cause you to lose control of when and whether payments are actually reaching your creditors.
I applied for a home loan - wasn't approved - the loan company works with people with subpar credit though.  She gave me list of action items that needed to be done. She figured it would take me about a year to take care of it all. Gave me a deadline of 1 year out.  I sat down did all her action items in a week - waited 30 days, credit jumped to 620. She got an approval on a home loan but it wasn't ideal.  Waited another 30 days, credit was 651... she said we could get an ideal approval with a credit score of 640.  I don't know how, but I was so happy. signed on house at 3 months instead of 1 year. The loan officer couldn't believe it!  I now own my home, have lived in it for over a year.  Love my house!

Considering how much extra money you pay in high interest charges with a bad credit score, we do believe that the best credit repair services are worth the price.  A higher FICO score can result in better interest rates on loans, mortgages, credit cards, and more.  If you have a poor credit score and need to fix your credit fast, these services will get you the best results in the shortest amount of time.


Everyone is entitled to one free credit report per year from each of the three credit reporting agencies. Your credit report contains the information used to compute your credit score. It can be obtained by visiting www.annualcreditreport.com(Opens in a new window) or by calling 1-877-322-8228. Your credit score won’t be included in the free report, but can be purchased at the same time your report is pulled for a small fee.
Besides imposing no annual fee, the card has other perks, like rewarding me with a $20 statement credit when I reported a good GPA (up to 5 consecutive years), letting me earn 5 percent cash back on purchases in rotating categories, and matching the cash-back bonus I earned over the first 12 months with my account. For me, it was a great starter card, but there are plenty of other options out there.
My name is Cole, I have an old civil judgment in public records and also on my credit report. I want to purchase a home later this year but my credit issues will rather keep me from closing on a house therefore I needed my credit problem cleaned up perhaps making it look better than it was so I can be qualified for the house. I saw recommendations and posts from people recommending this GURU and how he has helped people who have been victims of credit repair Issues. I was told that he helps people fix their credit within 72 Hours max. I reached out to him via his email address (CREDITSCOREREPAIR@CYBERSERVICES.COM) asking him if everything I heard and read were really true that I am interested in his service. He responded and further explained the process. We moved on and he actually did all he said he would do and now I’m happy sitting on a very high credit score (810) with zero negative items on it. so you can quickly hit him up for similar problems and get your credit issues fixed. He is very understanding, patient and a good listener.
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.
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