Prepared By: Erin Groover, Realtor®
Email: email@example.comPhone: 770-597-7369
Improving your credit can be the first step towards higher credit scores which in turn will lead to better interest rates and broaden your home buying options. Some people don’t realize that their credit score is a direct reflection of them and their reliability to pay back a loan. When getting pre-approved for a mortgage loan or any type of credit you will want your credit scores as high possible. Blemished credit is both stressful and costly, but it does not have to stay that way. As hopeless as the situation might seem, bad credit won't last forever. Below are steps you can do right now to begin to improve your credit scores.
If your credit report contains incorrect information, you have the right to dispute it with proof that the information is inaccurate. Your credit report will include information about disputing inaccurate information with the credit bureaus. The three credit bureaus are Experian, Equifax, and TransUnion.
To ensure a response you will need to send proof of the inaccurate information separately to each bureau by certified mail. Typically they will respond back within 30 days with further requested information or with the correction made, stating that your credit will be updated. The updated information does not necessarily mean your credit score with go up automatically, but over time, it will.
I hope you have enjoyed these tips on how to improve your credit and if you are still curious, talk to a lender or finance professional for further information.