HOW TO IMPROVE YOUR CREDIT USING OUR FREE CREDIT REPAIR GUIDE
WHAT IS CREDIT REPAIR?
Credit repair basically means disputing the negative accounts on your credit report. This is what credit repair companies do for their clients, and it’s effective.
All two Canadian Credit Reporting Bureaus(Equifax and Transunion) allow consumers to dispute any item on their credit report. When you dispute an item, the credit bureau has 30 days to validate the account.
If they do not hear back from the creditor with satisfactory validation within 30 days, it must be removed from your credit report.
WHY YOU CAN DO CREDIT REPAIR ON YOUR OWN
You do not need a professional credit repair company to fix your credit, you can do it yourself.
Disputing accounts on your credit is something you can do yourself, and have success. Use the advice in our guide to increase your credit score quickly.
GET A COPY OF YOUR CREDIT REPORT
IDENTIFY THE NEGATIVE ACCOUNTS
PAY OFF CREDIT CARD BALANCES
CONTACT COLLECTION AGENCIES TO SEE IF THEY WILL REMOVE THE ACCOUNT FROM YOUR CREDIT REPORT IF YOU PAY IT OFF
IF THE COLLECTION AGENCY WILL NOT REMOVE THE ACCOUNT FROM YOUR CREDIT REPORT THEN DO NOT PAY THE COLLECTION ACCOUNT
DISPUTE EVERY NEGATIVE ITEM ON YOUR CREDIT REPORT
DISPUTE CREDIT INQUIRIES
GET ADDED AS AN AUTHORIZED USER
GET COLLECTION ACCOUNTS REMOVED
Collections lower your FICO score significantly and paying them off will do nothing to improve your score.
There are a few ways you can remove collection accounts from your report.
The first step you should take is to dispute them. We show you how to do this in our free credit report guide, If that doesn’t work you can send a debt validation letter to the creditor.
The debt collector has 30 days from the date they receive your request to respond with the information verifying the debt. If they do not respond within 30 days, they must remove it.
These are just some of the reasons why you should pursue credit repair in 2019. Please contact us If you still need information about committing to the process.
QUICKEST WAYS TO RAISE YOUR SCORE
The quickest ways to raise your score include paying down debt and improving your debt-to-credit ratio, also known as your credit utilization.
Opening a new credit card without paying down any debt can improve your credit utilization.
Applying for a card can lower your score, but generally only by a few points.
Another way to raise your score quickly is to start making your payments on time. This will raise a score faster for a person with little credit history and no credit problems than it will for someone with a major credit problem.
Another way to quickly raise your score is to remove incorrect, negative information on your credit reports.
You can get free copies of your two reports by going to the websites of the two main credit-reporting agencies in Canada, TransUnion and Equifax.
If you find negative information, follow the directions on the credit report for challenging the information and getting it removed.
TYPES OF ACCOUNTS WHICH HAVE CREDIT LIMITS
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