10 Credit Repair Tips To Help Fix Your Credit Score

credit repair tips

If you’re someone who has a credit score below 600, you will have a hard time finding lenders who will approve you for personal and/or business loans. The good news is, you have plenty of opportunities to improve your credit score over time. Increasing your score may take a few months, but once you are at a score your comfortable with you will feel a huge weight lift off your shoulders. Fortunately, it’s not difficult to improve your score.

Here are 10 credit repair tips you can follow in order to increase your credit score:

Set Your Budget

Make a change and set a budget that fits your income. Of course, the most important part is to stick to it. Make a list of all the expenses you have and the amount you will spend on them. Many times you spend less overall just by creating a budget for yourself.

Track Your Spending

Tracking every dollar you spend for a short period of time will educate you on where your money is going. It will open your eyes as to how spending even small amounts of money adds up over time and may require credit repair services. Tracking your money will also identify areas of spending that may otherwise go unnoticed. Track your spending for a full month using a free online software service like www.Mint.com, or an Excel spreadsheet or notepad. Knowing that you’re tracking spending can provide you with valuable information about your spending patterns, and may reduce your spending.

Make Lists of Expenses

In addition to setting your budget, make a list of the fixed expenses (ie – rent) and variable expenses (ie – clothes) you need to buy for the next couple of months. Include all your expenses on your list. Take the list with you when you go out to help you stay focused and avoid impulse purchases.

If You Use Credit, Pay it Off in Full

The rule of thumb should be that you never use more on your credit card than you can pay off in full that month. Many people will see something on sale that they really want but don’t have the cash for. They use a credit card and then pay interest on the balance because they can’t pay it off. Now that “sale” item probably cost more than full price. It never helps your credit score to carry a balance, so why pay interest? It’s better to hold off until you know you have the cash in hand to purchase that item and save your credit limit for emergencies. Plus, doesn’t it feel more rewarding when you’ve saved up and earned that item, rather than making an impulse buy and having debt regrets later?

No Credit Equals Bad Credit

You need credit accounts to be reporting to your credit report in order to improve your credit score. You must have at least 1 open revolving account, even if you have no negative accounts. In addition, this revolving credit account must have been used in the last 6 months. There are a couple of ways to get credit to improve your credit score in 30 days. One way is opening a secured credit card, with a preference being given to a card that reports as an unsecured card with your credit limit to all 3 bureaus. The other way is to add yourself to a seasoned trade line. Someone with good credit history can add you as a co-signer, where you are equally responsible for all debt. Or, they can add you as an authorized user, where you are not responsible for any of the debt – and Mortgage FICO 5 will count the history as yours.

Remove a Late Payment

Removing a late payment will take persistence. There are a couple of ways to request a removal. The most common and effective way is to call the original creditor and ask for a goodwill adjustment. If they resist, you can even negotiate the removal of the late payment by agreeing to sign up for automatic payments. For other late payments, you can file a dispute against the late payment for inaccuracy.

Make Your Monthly Payments on Time

If you have an issue with lenders reporting you a day or two late, call them to see if they can change your on-time payment. This could be offered to you if you are not a frequent offender. The other option is to remove a late payment. You can try to file a dispute against the payment for inaccuracy. You can also call the original creditor and ask for a goodwill adjustment. If they do not allow you to add the adjustment you can negotiate by asking for automatic payments. This will show your interest in keeping up with monthly payments. The good thing is that the impact of past credit issues fades as time passes. Try to keep up with good payment patterns so your report will show you are handling your credit well.

Raise Your Credit Limits

Call your credit card companies and request a raise to your credit limits. Ask if they can raise your credit limit with a soft pull of your credit since a hard inquiry will appear under the “New Credit” category of your FICO score. If you can negotiate an increase of your credit limit with a soft inquiry, then you will instantly decrease your revolving balance ratio (revolving balance divided by your credit card limits).

Charge Small Amounts to Inactive Credit Cards

It’s easy to neglect older credit cards when you have a primary credit card that you use every day. If your credit cards haven’t had activity in the last 6 months, charge a small amount to the credit card. Creditors want to see that you are using the credit available to you (and paying the balances off responsibly). Charging a small amount and paying off the balance shows that you have a different mix of credit in use, which makes up a portion of your FICO score.

Authorized User Option

Another easy way to build credit fast is to ask someone to be an authorized user on their credit card. When asking someone to add you as a user you can tell them that authorized-user cards do not require a credit inquiry, which means their credit score will not offer. If that person trusts you, you can ask to be authorized on multiple accounts. Make sure these accounts have the highest credit limits if you want to increase your credit score the most.


No matter what your situation, Go Clean Credit has a solution. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.

Do Credit Repair Companies Work?

 

Do Credit Repair Companies Work?

You might be wondering do credit repair companies work? It’s tough to know how a company can help your individual issue, but insightful testimonials from other customers might make the process easier. Here are some testimonials of successes customers of Go Clean Credit have had in working with our credit repair programs.

Credit Repair

Do credit repair companies work to help you raise your credit score? In our experience in working with customers looking to increase their credit score, we’ve seen great success. One customer has seen their score increase from 519 to 650 in a short amount of time. This allowed the customer to secure a 30 year fixed mortgage at a great rate. We were also able to get an almost 4-point lower interest rate, which is the difference of about $350/month or $125,000 over the life of the loan. Another customer saw their score raise 120 points in less than 6 months.

With our programs that are tailored to your individual issue you too can see this kind of success. Sure credit repair takes time, but having a team who cares about your situation makes all the difference. Don’t take our word for it. Here’s a testimonial showing our credit repair programs work: “I just wanted to let you know what a good and quick job I think you are doing. I have been checking my credit on a regular basis and have watched it jump over 150 points in 3 months! Thank you for your help.” – Shay J.

Mortgage

All lenders for mortgages typically look for the same basic thing, your ability to repay the home loan. If you can afford to make your mortgage payments on time each month, there is not much for them to worry about. If you have good credit, you’ve been a good employer, have a positive history of income, and your assets are all in order you’ll qualify for a mortgage in no time. In our experience in working with customers looking to qualify for a mortgage, we’ve seen people increase their score and refinance a mortgage that makes sense for them.

In one case, one of our customers was able to buy another home and have their mortgage broker comment on how much his credit score has improved. Here is a testimonial showing our mortgage programs work: “I know everyone’s situation is different but for me personally they improved my score over 80 points in just a couple months and made my dream come true of being a homeowner. 4 months ago I would have never thought I would be in my dream home and just got a credit card with a 10k limit, in which I definitely will be more responsible this time.” – Mike P.

Bankruptcy

The process of filing personal bankruptcy can be a very stressful task, but once you’ve found the right person to help you it can be relieving. You’ll have to answer some tough questions about your finances currently and in the past. Having someone understand your situation can allow you to figure out how you can survive paying off your debts while maintaining a good standard of living. With our help, we can have you back on your feet in a reasonable time.

One customer we worked with was deciding to either file for bankruptcy or increase their credit score. Within 6 months we were able to raise their credit score 12o points and avoid the damaging result of filing for bankruptcy. Here is a testimonial showing our bankruptcy programs works: “I wanted to show my appreciation to your company. I came in with a fresh bankruptcy that was really hurting my life. My credit score actually went up after just two months of signing up with your service. Your help and support really helped me get in the right direction. Thank you Go Clean Credit!” – James V.


No matter what your situation, Go Clean Credit has a solution. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away, or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.