Your credit score plays quite a decisive factor in any of your financial investment aspirations- whether you are planning mortgage for a dream home or an auto loan for a treasured 4-wheeler, you have to be really good with the credit score. But what if you are down with a poor credit record? Would that mean end of your desired investments? Well, certainly not as there are solid strategies that can actually boost up your credit score real fast, say within 30 days.
• Clear off debts
This is the primary strategy when you are trying hard to enhance your credit score fast. You have to clear off or at least reduce the debt burden as much as possible. This will enhance the credit limits available that would add on some good extra points towards the credit score quickly. Bigger is your balance, better would be the points.
• Pay bills early
Then, try to pay off the bills prior to due date and avoid any sort of late payment regarding any bill. When you are paying the bill early, it sets a slow of timely on-time payment on your part that works to hike up the credit score. Just one single late payment can mean a huge drop to your credit score- so be careful. In case you’re having issues in staying updated with the bills, request the creditors to change due date or lessen the monthly payments.
One of the most common troubles regarding late payment is forgetfulness. If you too have been a victim of such a condition despite having adequate balance for timely bill payment- go for automated payments so that your bills are automatically paid every month on-time.
• Limit unnecessary extravaganzas
You must be careful to limit unnecessary extravaganzas when you are looking forward to improve your poor credit record fast. Any undue splurging here might hike up your due debt, adding further wound to the misery.
• Check the credit report
This is another important point to consider when you are trying hard to enhance your declining credit score quickly. According to experts, you should obtain the free of cost credit report document from the 3 renowned credit-reporting bureaus- Experian, Trans Union & Equifax. The information obtained from the 3 agencies might vary slightly. It’s to mention here that at times the credit reports do come up with erroneous information- the bureaus do not take much time for the verification of data received from the creditors. Thus, you must make sure to look thorough into the credit report obtained to tick out the wrongful information. A lot of people have been able to improve their credit score fast by rectifying erroneous credit history on time.
In case, you find any error in your credit report, do not waste time to dispute it. You should contact the credit-reporting bureau with a written application citing all the documents and details that proves the alleged inaccuracy. The credit-reporting bureau will take some time to investigate & rectify the mistakes.