1. GET RID OF The COLLECTION ACCOUNTS of yours.
Did you understand that paying a collection account can really reduce the score of yours? Here's why: credit
scoring software reviews credit reports for each account's date of last recreation to determine the effect it will have on the complete credit score. When fee is created on a collection account,
collection agencies update credit bureaus to reflect the account status as "Paid Collection". When
this happens; the day of last task gets to be more recent. Since the guideline for credit scoring
software will be the date of last activity, the latest payment on a collection account damages the credit score a lot more drastically. This method of credit scoring seems unfair, though it's one thing that must
be worked around when trying to maximize your score. How is it possible to pay a compilation and
maximize the score of yours? We are able to help you work out with the compilation company's and maximize the score of yours, by eliminating all references to a collection account totally that will increase your score.
2. GET RID OF YOUR PAST DUE ACCOUNTS.
Within the delinquent accounts on your credit report, there is a column named "Past Due". Credit
score program penalizes you for trying to keep accounts past due, thus Past Dues destroy a credit repair guaranteed score.
If you notice an amount in this column, pay the creditor the past due amount reported.
3. GET RID OF YOUR CHARGEOFFS AND LIENS.
Charge-offs as well as liens don't affect your credit score when more mature than 24 months. Therefore,
paying an older charge off or perhaps a lien will neither help nor harm the credit rating of yours. Charge-offs
and liens within the past 24 months seriously damage the credit report of yours. If you have both charged off accounts as well as collection accounts, but limited funds available, pay the past due balances first.
4. GET RID OF YOUR LATE PAYMENTS.
If you make the decision to retain FiCODOC we stop with the creditors and bureaus to delete the late payments on your credit report. Remember a visitor 30 day late on a vehicle payment is able to drop the score of yours by 70 points or over.