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Tags: finance, credit tips, credit repair
 Lots of people or companies offering bright ideas regarding the subject matter “credit repair” often refer to them as “credit repair tips”, that's the reason why I've used the word “pointers” in the title, for the sake of variation and to stand out. Anyways, today I'm going to give you some useful pointers (tips) for credit repair, and the other things you can do right now to get a better credit score.
First of all, we all know that credit score is based on the credit report given by the credit bureaus. What you need to do is get your hands on the handy report, because from there (with the right knowledge), you'll be able see for yourself whether or not you're worthy of the loan you're after.
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Hold on, before you pay for the report, take this into consideration: the 3 major bureaus are compelled (required rather) to give you the very report for free at least once annually – not much of us out there know this, and the bureaus were hoping to keep it that way, till guys like me kept running their mouths.
Moving forward, what you want done with the information you got for free (hopefully), is review it. Look out for for anything that shouldn't be there or something that isn't of accuracy – these are some things you must bring up with the bureau that made the report. The best way to take it up with them is via letter, because the on-line dispute system is really hard too use.
Aside from that, what are some other things that you could do to improve your score or get better chances of getting a loan and paying less interest? Well one would be to pay your bills on time – having delayed payments of about 30 days or more makes creditors “frown” upon you.
The frown isn't a sign of approval, and will never be for that matter. So do yourself a favor and try to pay it on time. Another thing that could help make things easier for you is to keep your credit card balance below 30% - lenders don't like giving out money to those they assess as a risk.
If you do (somehow) get accepted for the loan, the interest you'll have to pay may be a lot higher than it would have been if you just maintained the balance below 30%. Are you falling behind the mortgage payments? If you are, then that's bad news for you, why? Well because obviously the lenders look down upon that kinda thing, and it really does say plenty about your credibility.
Anything regarding delays in payments, especially if it's concerning big numbers (large sum of cash), will have major affects on your “worthiness”. Another thing to you'd probably like to try is having payments automated, with the help of a checking or debit account. Constantly “refueling” the bank account would not only help you make payments consistently on time, but also help with your over all credit rating.
Guys these are only some of the many things that you could do to make sure you do get the loan – so do your homework and start getting familiarized with how the system really works.
About the author
The author of this article Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick recently published a book on how to manage your money and attract Wealth and Financial Freedom. More info on his Finance Planning course is available HERE.
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