Jul
14
If you are trying to fix credit fast there are several ways you can get it done. Most of these methods will help you quickly repair your credit. While these changes will not happen overnight they can happen in as little as 30 days if you use the tips below to clean up your bad credit history.
Start Paying on TimeWhile very basic advice it is also the most critical because if you are not paying your current bills on time then any effort to repair your FICO score will fail. To give you an example of how critical timely payments are the average score drop from a single thirty day late payment is 75 points!
Pay Down Your Current BalancesDo whatever it takes to bring the current balances of your credit cards and other accounts down to below 50% of the accounts limit. This is the point where your risk level starts to drop and your FICO scores will start to increase. And keep in mind that how much of your available credit you have used can make up 30% of your scores.
Do Not Close Your AccountsRoughly 15% of your FICO score will be determined by how long your accounts have been open. Many people mistakenly close older accounts when they do balance transfers. By closing older accounts and replacing them with brand new ones you will be reducing your scores quickly.
Do Self Help Credit RepairBy disputing the negative information as well as the information that maybe false on your credit report you can dramatically increase your credit scores in a short period of time. You can either pay a professional service to do this for you or you can do it yourself. I recommend that you save a lot of money and do credit repair yourself and if you are unfamiliar with how its done you can always down load a credit repair guide online.
By: Darin Sewell About the Author:
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