Most people who have bad credit are interested in learning how to fix bad credit fast. If this is you, you will want to read this article. We will be looking at simple strategies that you can implement that will offer a quick boost in your credit score. After reading this article, you should be ready to take action!
First, you should understand that there is no such thing as instant credit repair. If your credit is deeply damaged it is going to take you a while to get back on track. But, you can raise your score by 60-100 points in just 90 days. How much you can impact your score depends largely on your personal situation.
As an example, to you carry high balances on your credit cards? Maxed out credit cards can hurt your credit score almost (but not quite) as much as not paying your bills. If you are able to pay your credit cards off, or at a minimum get them down below 20% of your credit line, you are going to see a huge boost in your score.
Also, if you have an otherwise good payment history and had a recent slip up, you can call the creditor and see if they would be willing to do a courtesy delete. You will want to accept responsibility for what happened, be polite and see if there is anything that they can do to help you. There is no guarantee that it will work but it is certainly worth a try!
Another great way to raise your credit score that is particularly effective if you don’t have a lot of good credit is to get added as an authorized user on an old credit card with a low balance. You need to know that under the new rules of FICO 08, only a parent or spouse can do this for you. But, if you have that option it is a great way to improve your score.
