How to get approved next time
Most people believe they are stuck with bad credit for 7 years, fortunately this doesn't have to be the case. There are many ways to improve your credit quickly without waiting for the negative history to fall of your accounts. Follow the simple steps below to help improve your credit greatly within a very short amount of time.
Step 1: Check All Three Credit Reports and Scores
You may already know this but you have 3 credit scores and reports from 3 different companies Equifax, Experian, and Transunion. Its actually possible to have an excellent credit score with one company and a very bad score with the others at the same time. You must check all 3 reports and scores to find out exactly how you rank for each one and to fix any innacuracies.
Step 2: Fix Any Inaccuracies On Each Credit Report
Did you know that up to 75% of credit reports have some kind of incorrect information being
reported? This kind of incorrect info can destroy your credit score and chances of getting funded. You must go through each credit report and find any incorrect information. Once you find the inaccuracies you must dispute this information with each credit reporting agency. You can do this by following the steps outlined in this free guide, or hire a professional who knows what they're doing. We recommend Lexington Law for this task.
Step 3: Improve Current Credit and Build New Credit
There are many factors that go into having a good credit score. Some of the major factors that help improve your current credit are your debt ratios, age of credit, number of on time payments, number of accounts, type of accounts, and number of new accounts applied for to name a few. Make sure to always keep your balances lower then 10% to raise your score the most each month. Don't open an account you don't really plan to use. Never miss a payment and try to age your accounts before opening new accounts. A quick way to shortcut the steps it takes to build new credit is to add something called AU Tradelines. This can save you years of building your credit score and boost your score with weeks instead of months or years. To learn more about AU Tradelines and how they can help improve your credit quickly click here.