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Sunday, March 1, 2009

How To Get Your FICO Score Up

By James Gangrut

Having a clean credit report in this real estate market is important. Now that the credit market has gotten tight, your FICO score may be more important than ever. In this article, we're going to examine how you can raise your credit score quickly and easily.

Charge offs should be removed from your credit report if you want to improve your. Charge offs can have a truly nasty effect on credit scores. Long story short; you want them off your credit report. If charge offs are having a negative effect your FICO score right now, there is still hope of getting them off. This will improve your credit and will lower your payments and interest rates on loans and mortgages.

Beginning the process of charge off removal starts with getting a copy of your credit report. You have the right to 1 copy of your credit report per year. This allows you to see what your credit report says.

Sometimes, there will be a mistake on your credit report. If you spot a mistake, write a real letter to the credit agency. Do not try to save time and send email, write a real letter. An old fashioned one, with ink and a stamp. If you don't hear from the bureau within a month, the charge off is automatically dropped from your credit report. Another increase in your score!

It's these small things that matter most in the process of increasing your credit score. Just a small difference in interest rates for a mortgage can save you thousands and thousands of dollars over a couple of years. So be precise when doing your research.

Looking Into your credit report is something the majority of the population never does. They take for granted that everything is reported fine. But a lot of errors are made by credit bureaus. You can get the errors off your credit report and increase your credit score. The one thing you need to do is your research and write a letter to credit bureaus. In the next few years, you can save thousands of dollars just by doing this.

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