Raising Your FICO Scores Fast!

By Frank Milstone

It's more important than ever to have a clean credit report. Now that banking companies are more mindful about lending money, your credit score may be more important than ever. Now, we'll examine how you can raise your FICO score the easy way.

Charge offs should come off your credit report if you want to improve your credit score. Charge offs can have a real negative effect on your credit score. Getting them removed from your credit report has a considerable effect on your FICO score. But if they are there, you can do something to get them removed. This will improve your FICO score and give you lower interest rates and monthly payments in return.

The order of geting charge offs removed starts with a copy of your credit report. You get one credit report per calendar year. This gives you the possibility to take a look at what your credit report says.

It's not uncommon to see a mistake on your credit report. When you see a mistake, compose a real letter to the credit agency. Don't write an email, compose a real letter. You know, with ink and a stamp. If you don't hear something from the bureau within 30 days, the charge gets dropped from your report. This means an increase in your FICO score

It's these small things that count most in the process of raising your FICO score. It's possible save thousands of dollars in the next couple of years by maximizing your credit score by an amount that looks small on the surface. So be precise when searching for faulty charge offs.

The majority of the population never really read their credit reports. People take for granted that there are no mistakes in their reports. Actually, credit bureaus make a lot of errors. You can remove charge offs and increase your score. You just need to do is your research and write a letter to credit bureaus. Just doing this can save you thousands of dollars in the next few years.

About the Author:

Frank writes about financial matters and about lenen zonder bkr and geldleningen in Dutch.