How To Get A Good Credit Score In Corpus Christi

Improving Your Credit Score isn't difficult when you follow good advice. Foremost, your letter to the credit bureaus disputing your bad credit needs to get to the point quickly. Don't quote the Bill of Rights or play legal tag with your lawyers. All you need to do is present a simple case with these three points: It's not necessary to be a lawyer-in-training; just give them these three points to consider:

• Number 1 - Why you are disputing it
• Number 2 - What exactly you are disputing
• Number 3 - What specific results you are seeking

Every dispute letter must contain each of the above three elements. Look at this example of a dispute letter to see what I mean: YOU MUST NOT COPY THIS LETTER WORD FOR WORD!! The credit bureaus may consider your letter frivolous and dismiss the dispute if it looks too much like one of hundreds of other letters copied from a credit repair course. With that said, take a look at one of my sample letters to the credit bureaus:

• Your Date Of Birth
• I am disputing the Sears account appearing on my credit report, number XXXX, for the reason of (mention one of 13 reasons below).
• Please delete. Thank You.
• Dear Credit Bureau Name
• Your Social Security Number
• Your Address
• Re: (account and reason for your dispute goes here)
• Your Name

Below are the 13 reasons from which you can choose to dispute your bad account:

• Opened/Not Accurate/Inaccurate Terms
• Not Liable For the Account
• Obsolete Account
• Incorrect Date
• Creditor Classification
• Inaccurate Late Pays
• Original Creditor Not Listed
• Incorrect Balance Being Reported
• Inaccurate Remarks
• Account Closed By Consumer
• Account Transferred To Another Lender
• Incorrect Account Designation
• Account Type Inaccurate

Good credit ratings begin with smart reasons-no legalese or complicated form letters taken out of a book on credit repair from your local bookstore. This letter has potentially powerful benefits-if the first reason is verified by your dispute letter, then write a second letter citing a different reason on the list. When you provide a different reason to each bureau for each bad account, you will repair your credit one by one. Before reading this article, you might have told them that the account is "not yours" (as most credit courses instruct you to say) and prayed that they won't be able to verify it in the 30-day time limit. But now you are equipped with an armory of reasons. Let me reassure you of some important truths: Don't spend thousands of dollars on credit courses about credit repair myths. Repairing bad credit is a secret process among the credit bureaus. You should now be empowered with good information and avoid the bad. For More Information on credit repair Click the link below and go to our website. Author Bio: Mark Garcia will teach you how to Improve Your Credit Score fast with his FREE Instant Access to a 3 minute video about his own credit repair story. You can also download a special report on the "10 Most Dangerous Mistakes That People Make When Trying To Fix Bad Credit" available at Crushing the Credit Bureaus.

I received a question from one of my readers to this blog and I thought it was relevant enough for all of my readers to see and learn from.

Dear Mark,

I have four major credit card accounts in my name. I use one of them for my work expenses, one for household expenses, a Cabela’s card which I like for the points, and another one that I don’t use much.  It has a zero balance. Does this hurt my FICO scores by having a zero activity  and zero balance? Will it hurt my credit score more if I close the account?

Sherry M. Austin, TX

Hello Sherry,

Thanks for writing in. I have a short answer for you to your question….if your main goal is to keep your current high scores, you should leave the account open, but you must start USING the card! Keep the activity small so that you don’t boost up your credit utilization.

You don’t want the bank to cancel the card because you are not using it. Remember, the banks are in business to make money, if they have given you a product and they aren’t making any money, then they may make a decision to close it. As you know this will hurt your scores because your available credit ratios will change.

Regardless of who closes the account, your credit score may fall due to a change in a key credit scoring ratio. “Closing an account causes you to lose the available credit limit associated with it. Your utilization rate, also called your balance-to-limit ratio, will increase as a result of closing the account. That may cause a temporary decline in your credit scores.

To get an idea of how your utilization ratio could be impacted by closing an account, let’s say each of your four cards has a credit limit of $1,000, for a combined total of $4,000 in available credit. Let’s also say that across those four accounts, you’ve got a total debt burden of $2,000. Then your unused card gets closed, taking your available credit down to just $3,000. Now, instead of using 50 percent of your credit lines, you’re suddenly using about 66 percent of your total available credit. That higher proportion makes you appear to be a riskier borrower, since you’re that much closer to maxing out your available credit.

Your credit score should reflect that change, although the actual scoring damage will vary from borrower to borrower. The FICO score assesses all the information on your credit report.  So the score impact from any one action, such as closing an account, will depend on what other information is present on the credit report.

Stay tuned,

Your Credit Repair Expert

Mark

Improve Credit Quickly In Lubbock

Improving Your Credit Score is easy when you follow people in the know. Foremost, your letter to the credit bureaus disputing your bad credit needs to get to the point quickly. Don't quote legalese or imply veil threats about suing them. Fixing your credit is not about legal intimidation; it's about these three points:

• Number 3 - What specific results you are seeking
• Number 1 - What exactly you are disputing
• Number 2 - Why you are disputing it

Write every dispute letter with these three points. Here is an example of such a letter: Below is an example of a dispute letter that I would write: YOU MUST WRITE A LETTER USING ONLY YOUR WORDS, NOT MINE!! The credit bureaus may consider your letter frivolous and dismiss the dispute if it looks too much like one of hundreds of other letters copied from a credit repair course. With that said, take a look at one of my sample letters to the credit bureaus:

• Your Date Of Birth
• Your Address
• Please delete. Thank You.
• Your Social Security Number
• Dear Credit Bureau Name
• I am disputing the Sears account appearing on my credit report, number XXXX, for the reason of (mention one of 13 reasons below).
• Your Name
• Re: (account and reason for your dispute goes here)

Below are the 13 reasons from which you can choose to dispute your bad account:

• Obsolete Account
• Opened/Not Accurate/Inaccurate Terms
• Account Type Inaccurate
• Account Closed By Consumer
• Not Liable For the Account
• Inaccurate Remarks
• Inaccurate Late Pays
• Account Transferred To Another Lender
• Creditor Classification
• Incorrect Date
• Original Creditor Not Listed
• Incorrect Account Designation
• Incorrect Balance Being Reported

Good credit scores start with good reasons of dispute like these, no legal mumbo jumbo or plagiarized boiler plate letter that they've seen hundreds of times. The beauty of this system is twofold- if the credit bureaus verify your first dispute letter as accurate, then craft a different dispute letter using another reason or item. This simple letter gives you an easy way to repair your credit systematically by providing each credit bureau with a different reason for the bad account. Most credit repair books will tell you to dispute the account as not being yours and then hope that the bureau will not respond to your claim within the required 30-day period (like the credit repair books tell you to do). But by being an informed consumer, you now have a treasure trove of reasons to choose from. Let me reassure you of some important truths: Credit repair myths are abundant; don’t believe them. In addition, restoring your bad credit is a secret process within the credit agency system that only a handful of qualified repairmen know. I hope that you are now armed with the knowledge of truth so that you won't fall victim to false information as you improve your credit score. For More Information on credit repair Click the link below and go to our website. Author Bio: Mark Garcia will teach you how to Improve Your Credit Score fast with his FREE Instant Access to a 3 minute video about his own credit repair story. You can also download a special report on the "10 Most Dangerous Mistakes That People Make When Trying To Fix Bad Credit" available at Crushing the Credit Bureaus.