Raising Your FICO Scores Fast By Removing Charge Offs From Your Credit Report

By Doherty • February 14th, 2011
RTP Federal Credit Union.

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In these financial conditions, a clean credit report is more important to your financial situation than ever. With the tightened up requirements for a new loan, your FICO score may be more important than ever. In this article, we’ll examine how you can raise your FICO score the easy way. When researching this topic I found geld lenen.

If you want to improve credit, you have to get charge offs removed from your credit report. Charge offs can have a real negative effect on your FICO score. Getting charge offs removed from your credit report has a substantial effect on your credit score. If charge offs are effecting your credit score now, you can do something to get them removed. This will improve your credit and give you lower interest rates and monthly payments in return.

In order to get charge offs removed, you need your credit report first. You have the right to 1 copy of your credit report per calendar year. This allows you te investigate what is in your credit report.

It’s not uncommon to see a mistake on your credit report. If you find one, write a letter to the credit agency. Do not write an email, compose a real letter. You know, with ink and a stamp. If you do not hear something from the bureau within 30 days, the charge off gets dropped from your report. This way, you get your FICO scores going in the right direction again

It may be a small step each time, but small steps will get you where you want to go too. It’s possible save thousands of dollars in the next few years by increasing your credit score by a seemingly small amount. So be picky when doing your preparation.

Going over your credit report is not done by a lot of people. People presume that there are no mistakes in their reports. The truth is that there are lots of mistakes being made. You have the possibility to remove charge offs and increase your score. You just have check your credit report, find the mistakes and send a letter to the credit bureaus. Just doing this can save you thousands of dollars in the coming years.

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