Credit Score

 "Declined!"

I know that stinging adjective personally. When asked for more details, they always refer you to a letter you will receive in the mail in the next week or so.

If you get a really helpful person who is handling your credit application, they'll probably share with you that often, your credit reports are physically looked at, trade-line-by-trade-line. Instead, they rely on your "Credit Score". Needless to say, the higher the score, the more chance of being approved for credit, whether for loans, credit cards, or even job employment. They typically run from 350 up to 850, depending on the credit reporting agency.

So, what can you do to improve your credit score? I've outlined 3 specific, and highly targeted ways to increase your score, and you can do these without waiting for months.

1. Challenge erroneously listed accounts with the credit bureaus, if they contain any negative or adverse credit history.

Under the FCRA, a congressional act passed in 1977, you have a right as a consumer to a fair and accurate credit report. Negative listings on your report reduce your score and can actually be the primary reasons for being declined for credit.

You should look at each negative trade-line closely, and find the many possible inconsistencies within the account details. Erroneous information could be anything from a wrong account number, to a wrong date of last payment. By challenging these real errors, there is a possibility that the credit bureau doesn't hear back from the original creditor verifying the details within the 30 day time limit.

If that happens, they must follow your demands for reporting the incorrect information, and your demand should be to remove the erroneously listed account from your report. Anytime adverse account information is removed, it increases.

2. Keep your balances on revolving credit down to 30% or less. By leaving 70% of your credit available on your revolving charge accounts, you are in fact demonstrating discipline in your spending habits, and proving that you are responsible with the use of credit.

In addition, it improves your debt to income ratio, which is another primary factor in credit approval. To improve your credit score this month, pay down your revolving credit to leave only a 30% or less balance on each account. Continue making timely payments, and you'll likely be seeing a credit limit extension letter in a short while. Bonus!

3. Lastly, another technique to improve it is to ADD good credit accounts that are not currently being reported.

While credit reporting agencies have no written obligation to add data to your report at request, its a commonly accepted practice when you provide them details and evidence of account history.

Look specifically at your rent payments, or a cell phone bill that isn't prepaid. If you can offer them account number, company name, date of opening, and your payment history, and send with a nice letter of request to report this information, you can many times improve your credit score almost overnight. It could be the difference in getting approved for that specific credit you are looking for, and not. 15 minutes of work, can go a long way.

For a full action plan, see the newly released, "Tim Irish's Credit Repair Truth Blueprinting System" that includes step-by-step video tutorials to create a unique credit repair blueprint strategy for your personal credit files.

If you want to raise your credit score through a new cutting edge customized technique, then see "Tim Irish's Credit Repair Truth Blueprinting System!" Just release, this instantly accessible package including streaming video walk through will show you how you can create a killer credit repair strategy that is personalized to your unique credit files. Credit Repair Blueprinting is about to sweep the nation! Check it out here: http://www.creditrepairtruth.org Tim Irish - Credit Repair Expert Author/Owner http://www.CreditRepairTruth.org Article Source: http://EzineArticles.com/?expert=Tim_Irish