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Monday, March 2, 2009

How To Get Your FICO Score Up

By James Gangrut

Having a clean credit report in this real estate market is important. Now that the credit market has gotten tight, your FICO score may be more important than ever. In this article, we're going to examine how you can raise your credit score quickly and easily.

Few people know that charge offs can be taken off from a credit report. Charge offs can have a truly negative effect on a credit score. You don't want them on your . If you presently happen to have them, there are still ways of removing them. This will improve your credit and will lower your payments and interest rates on loans and mortgages.

Beginning the process of charge off removal starts with getting a copy of your credit report. You have the right to 1 copy of your credit report per year. This allows you to see what your credit report says.

It's not rare to get a mistake on your credit report. When you see a mistake, write a letter to the credit agency. Don't try to save time and send an email, compose a real letter. You know, with ink and a stamp. let's hope you don't get a call from the credit bureau, because if you don't, the charge gets dropped from your report. This comes down to an increase in your FICO score

It's these small things that matter most in the process of increasing your credit score. Just a small difference in interest rates for a mortgage can save you thousands and thousands of dollars over a couple of years. So be precise when doing your research.

The majority of the population never look over their reports. People assume that there are no errors in their reports. The truth is that there are many mistakes being made every day. You can get the mistakes off your credit report and increase your score. You just need to do is your research and write a letter to credit bureaus. You can save thousands and thousands of dollars just by taking action.

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