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5 Easy Ways To Raise Your Credit From Poor To Good

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Unless your   credit score is a perfect 850 , chances are you could use a boost on your credit score. Unfortunately for all of us, a few negative points on your report can significantly decrease your credit score, especially if you have a short credit history. Depending on what is pushing your score down, you may be able to see quick results in less time than you think.  According to Rod Griffin , director of public education at Experian, “the lower a person’s [credit] score is, the more likely they are to achieve a 100-point increase.” While there isn’t a magic solution to fix poor credit if your credit score is currently somewhere in the “fair” and “bad” areas, use the strategies in this article to improve your credit fast.  1. Make Sure Your Payments Are on Time To ensure your credit score begins to improve, it is important to immediately make sure that all your payments are being made on time. Your on-time payment history is one of the most significant factors when it comes to your
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What is a Good Credit Score?

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Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good, and 800 and up are considered excellent. Working towards good credit can be daunting, but educating yourself is the first step in the right direction. A good credit score is anywhere above about 670. Your credit score is used to determine your eligibility for cards or loans, so having a good score is vital to get you approved for everything you might need. Unsure where to start with your credit? Start here! This article will tell you all about credit scores and what it takes to get a good one. How does a credit score work? Your credit score is a three-digit number calculated from the information provided in your credit report. Your credit score is used by creditors to determine your likelihood of repaying a loan. A credit score influences how much you can borrow, how long you have to repay said bor
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What Are Credit Reporting Agencies?

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Credit bureaus , or   credit reporting agencies , are the companies that maintain, collect, and provide consumer credit information to the lenders we use for our credit cards, car loans, mortgages, and other types of loans.  Credit reporting agencies help to measure a consumer’s creditworthiness, which gives lenders an insight into the likelihood of whether or not a consumer will pay their credit obligations on time. CRAs, or credit reporting agencies, compile a consumer’s credit history into a credit report and then sell the information to potential lenders.  What Is a Credit Reporting Agency? As mentioned above, credit reporting agencies are the companies that collect and maintain your credit information. In the United States, the three major credit reporting agencies are Experian, TransUnion, and Equifax. All three of these companies are for-profit, publicly traded companies. You may come across smaller credit reporting agencies, but traditional lenders and creditors are most likely
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Can Credit Repair Solution Providers Really Help?

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Credit repair solution providers can help you fix your credit history and score. They can communicate on your behalf with the credit bureaus and work to eliminate any negative items affecting your credit report. But do they really work? Can credit repair solutions   improve your credit score   in return for a fee? Keep reading to find out. Legitimate credit repair companies can help you by removing inaccurate information from your credit report, though scam agencies posing as  credit repair solution providers  can end up wasting your time, effort, resources, and most importantly, your peace of mind. Understanding the process of credit repair You need credit repair services when your credit score is poor, making it difficult for you to obtain any credit or loan with favorable terms and conditions. A poor credit score also means that you can end up paying much higher interest on your loans even if you somehow secure them from some lenders.  Credit repair involves the process of fixing mi
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