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By Ryan Pauline
If you are one of those who have a poor credit score, then you may be wondering about how to raise credit score so you can start enjoying unlimited financial opportunities. Having a bad credit is not really that easy to bear. You will have a hard time applying for a loan during those instances when you are in great need of money since most lenders do not approve your loan application if they found out that your credit score is low and your credit reputation is tarnished. It can also prevent you from getting your dream job as there is a great possibility that your potential employers will take a look on your credit report to check out your reliability. Because of this, you need to start conducting a comprehensive research about the many things that you can do to save your credit reputation.
Among the many things that you can do to raise your score is to get a copy of your credits from the three of the major credit bureaus namely the Equifax, TransUnion and Experian. You can actually obtain a copy of your credit reports annually for free. It is advisable for you to take a hold of these reports as there is a great possibility that these contain mistakes and inaccuracies that pulled your score down. It is also important for you to grab a copy of the reports from three of the major credit bureaus since their reports may be different from each other. You can compare each one while learning how the score is calculated. The basis for your score is the information stated in your report that has been submitted by your lenders and creditors to the bureaus. You have to take a look on each detail so you can figure out if there are errors on it right away.
Examining your credit reports in the most careful manner is one of the most effective tips on how to raise credit score. The reason behind this is that it allows you to immediately spot inaccurate and derogatory information on it. If it is your first time to take a hold of your credit report and view its contents, then you may be surprised about all kinds of information that it contains. The problem is that not all information stated in there are correct. In fact, a legitimate research shows that about twenty five to fifty percent of the credit reports contain material errors. If you realized that your report is filled with these errors like that which includes identity theft, outdated accounts and incomplete and strange information, then you are advised to immediately contact the reporting bureau.
Contacting the credit bureaus can be done by first sending them a dispute letter. The letter should contain the details of those errors that you found after reviewing your report. If you are unfamiliar about writing a dispute letter, then you should consider visiting the internet and search for free samples. The letter that you are about to send to the credit bureaus should also contain relevant documents that are capable of supporting your claim. Once the credit bureaus receive your letter of dispute, then you can expect them to work in reviewing and investigating your case. This is one of the most effective ways on how to raise credit score so you have to make sure that you do things the right way.
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