All three bureaus have online dispute links. Find them. Some you have to already have your credit report some you have to buy their credit report, because you need their ID number to process the disputes. Get a credit pull from a lender from all 3 bureaus. DISPUTE ALL NEGATIVES, even if you did it. Some things will come off because the creditor does not exist anymore and if they do not confirm the debt within 30 days it comes off.
If they confirm it and it is an outstanding debt, offer to pay it off if they remove it and try to get a letter to confirm it is being removed. Sometimes they do not follow through and you can send the letter to the bureau yourself.
I once help a homeless due to domestic violence pregnant client take her credit score from 480s, to a high of 720 in 2 months by getting 39 of 42 negatives off, so she could get a mortgage and her own house. You just have to keep working at it.
Simply buying a pack of gum once a week and paying that CC bill in full each month, will help you improve your credit quickly.
I have a great Mortgage Broker at Wintrust Mortgage who has many more ways that you can improve your credit. Just give me a call at 847-533-7115.
John Meyers, Meyers Realty
We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 415-5626.
Sr. Loan Officer
Crosscountry Mortgage Inc.
Toll Free: (855) 415-5626 ext. 5734
2.Payment Reminders â€“ Making your credit payments on time is one of the biggest contributing factors to your credit score. Some banks offer payment reminders through their online banking portals that can send you an email or text message reminding you when a payment is due. You could also consider enrolling in 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 cards and does not help instill a sense of money management.
3.Reduce the Amount of Debt You Owe â€“ This is easier said than done, but reducing the amount that you owe is going to be a far more satisfying achievement than improving your credit score. The first thing you need to do is stop using your credit cards. Use your credit report to make a list of all of your accounts and then go online or check recent statements to determine how much you owe on each account and what interest rate they are charging you. Come up with a payment plan that puts most of your available budget for debt payments towards the highest interest cards first, while maintaining minimum payments on your other accounts.
Call me if you need more details on how to clean up your credit.