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How To Fix Your Credit Score Fast By Yourself

While it's possible to increase a bad credit score fast, it's usually expensive. This is because you have to deal with agencies who often charge very high fees. The good side is that you can increase your credit score fast even if you don't have money. Here you need to do-it-yourself.

Obtain credit reports

The first thing you need to do is to obtain credit reports from the credit reporting bureaus. The fair and accurate credit transactions Act (FACTA) entitles you to free credit reports from each of the bureaus every year; therefore, you should not be scared when requesting for them.

Here you should approach Equifax, TransUnion, and Experian bureaus and ask for the reports. When you get them, you should thoroughly scrutinize and compare them and confirm if the details in them are correct.

Dispute incorrect data

If you go through the reports and you find incorrect data, you should dispute it. Here you need to contact the bureau that gave you the data. Many people make the mistake of thinking that disputing incorrect data will hurt their scores, but this is untrue.

Disputes aid in increasing your score; therefore, you should be very confident when raising a dispute.

When you notify the bureau about incorrect data, it will contact the creditor in order to respond to the dispute. You should be patient and wait for 30 days for the problem to be solved.

Once the 30 days are over, the bureau will give you a reply and if you are not happy with it, you should launch another dispute. To make it easy for the bureau to process your dispute, it's recommended that you provide additional documents that prove that the data in the report is inaccurate.

Set yourself

Once the problem has been solved, you should now set yourself to begin repairing your credit score. Here you need to ensure that you pay your bills on time, pay off personal loans, negotiate with your creditors when you are behind on bills, reduce your outstanding credit card balances, and your credit accounts remain open.

To be on the light, you need to do your research and understand how bureaus determine their credit scores.

After six months of doing the right things, you should contact the bureaus and ask them to give you your credit report and scores. If the data is correct, you should be able to see great changes in your credit score.