CREDIT IN MINUTES
Get Approved in Minutes For the Car, Home, Business Loans, and Credit Cards you deserve!
Credit In Minutes
Get Approved in Minutes For the Car, Home, Business Loans, and Credit Cards you deserve!
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Fix Credit Report
Individuals having an impaired credit rating and hence unable to obtain fresh financing can have their credit report fixed so that accurate and updated information is available whenever they approach a lending institution for a new credit product. Fixing a credit report firstly requires knowledge of what exactly is the information contained in the credit file. Information can be broadly categorized as (a) public information; and (b) credit information. Public information includes names and addresses, CCJs and other judgements and details of bankruptcy, IVAs and Administration Orders.
Credit account information includes reports of all credit accounts across various lending institutions, records of all searches conducted by credit providers, record of repossessions of assets, information on fraudulent transactions and details for individuals who have 'skipped' and are currently untraceable.
Steps to fixing a credit report:
Valid reasons for fixing a credit report:
Providing logical arguments against a CCJ or default or termination notice will help having these adverse entries amended in your credit file and fix your credit report.
For CCJs, valid reasons are if you've received 28 days notice to pay, whether your received a default notice before receiving the summons, or paid within 28 days of notice or reached a settlement with the plaintiff before the ruling in court was made, no notice of judgment against you was received, etc.
For default and termination notices, valid reasons are: payments have been regularised after receiving notice; loan is fully repaid; alternate arrangements have been made with the credit provider or the notices are inaccurately put in your records. Removing CCJs & default/termination notices to fix a credit report:
Stay on top of your credit report. Most credit reports contain errors. Make sure you check your credit report every year (you get one free credit report every twelve months) and if there are errors make sure to challenge them with the reporting credit agency. Credit agencies are required to investigate each and every challenge that gets reported.
Just because you qualify for all of those credit cards does not mean you should get them. A person with too many credit cards looks sketchy in the eyes of a potential creditor. Think of it this way: if a person is financially stable does he or she need ten different credit cards? Wouldn’t just one or two suffice?
The best way to raise your credit score is to make all of your payments on time. It sounds too simple to be true, but that’s all there really is to it. Staying out of debt and/or making all of your debt payments on time will keep your score up where it should be.
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