Improve Credit Score 100 Points In San Antonio

Improving Your Credit Score isn't that complicated if you listen to good advice. Foremost, your letter to the credit bureaus disputing your bad credit needs to get to the point quickly. Don't quote your lawyer or imply an impending doom for their legal department. Fixing your credit is not about legal intimidation; it's about these three points:

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

Every dispute letter must contain each of the above three elements. Below is an example of how I would write a letter: YOU MUST NOT COPY THIS LETTER WORD FOR WORD!!

If the credit bureaus start getting letters that look exactly alike, then they will dismiss them as some frivolous copy from a credit repair course and kick out the dispute. With that in mind, here is my letter to the credit bureaus:

• Re: (account and reason for your dispute goes here)
• Dear Credit Bureau Name
• Your Social Security Number
• Your Date Of Birth
• Your Address
• 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.
• Your Name

Next, pick one of the following 13 reasons for your dispute:

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

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. The benefits of this system can be powerful because if the credit bureau approves of the first reason, you can send them a second letter citing another reason from the list. 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.

Too many people dispute their bad accounts the only way they have been told to-by saying it is not theirs. Most people think that the only way to dispute an account is by saying it is not mine. However, now you have a store-full of causes. But now you are equipped with an armory of reasons.

Putting it all together: Credit repair myths are abundant; don’t believe them. 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.

   Yesterday the U.S. Government announced its plans to invest more than a third of the $700 Billion bailout money into nine of the largest banks in America. The biggest reason for this move was to restore confidence in our financial system.  Several European governments did the exact same thing last week.

   Why is this important and should you be concerned? Good questions on both accounts. Before I go into the details about how I feel this will help and possibly hinder our credit system, allow me to shed some light on the current state of things.

   Listen, in the U.S. we have been through many “financial crisis” before. Anyone remember the S&L bailout from a few years ago? How about the “Black Monday” stock crash in October 1987 where the market lost well over 20% in one day? And of course, remember after 9/11 where the exchanges were closed for 4 days afterwards. In each of these cases, doom and gloom were being reported everywhere! Most people were predicting the fall of our economy and that the markets would never recover!

   Just to give you a quick history lesson…less than 1 year ago our stock market was at an all time high. Now one short year later, we are at historical lows. There is an ebb and flow to the markets – they go up and they go down. Guess what, in the future we will have the same process repeated over and over again.

   My point to all of this is that there is no need to panic and fear that the sky is going to fall. Now, don’t get me wrong, this current crisis is for real and will be far reaching. There are going to be people who suffer from it and there will be people who will profit from it. My counsel would be to remain calm and focus on getting your credit scores as high as you possibly can. 

   Why? Because in the coming months, only those with sterling FICO credit scores will have access to money at the most attractive rates when the banks start lending again. Remember, banks for the most part only make money when they lend money. (Yes, I know that the fees and other B.S. charges they ding us with are MAJOR profit centers for them).

   Right now there is so much opportunity for real estate investors because the marketplace is filled with panic and fear. There is too much inventory, too many foreclosures, and people who were counting on their home being their own personal ATM are realizing that those days are over.

  Our economy is still chugging along despite all of the fiascos on greedy Wall Street and from the politico’s in Washington who desperately want to keep their cushy jobs. Think about it – did you put gas into your car this week? (at a reduce per gallon price by the way), did you buy groceries, did you use your cell phone, did you log onto the internet, did you go see a movie? I think you get the point.

   While we are not out of danger just yet, the key fundamentals are still in place, and more importantly we have gone through this cycle before. Those of you who are old enough may remember the Oil Embargo in the early 1970’s where OAPEC at that time cut off the supply of oil to countries that supported Israel during the Yom Kippur war. On a dollar cost adjusted basis, gas went from the currently $3.35 per gallon up to about $17 per gallon almost overnight! Do you think people were predicting gloom and doom and the end of the world back then? Guess what happened. Over a short time things rebounded and we got through it!

   We will get through this, not by help from the next President or the riff raff on Wall Street, but by the same principals that have always gotten this country back on its feet. The tenacity of all of us. Perhaps even some good will come out of this latest crisis. Maybe we will think twice next time about giving people loads of free money when they have demonstrated over and over that they do not know how to handle or manage that money. Money, Credit, Mortgages, and such are a privilege, not a birthright.

   I am all for folks having the American dream of home ownership, but guess what…not everyone qualifies! I am for educating people on how the system works, not automatic inclusion. Listen, my daughter will be driving soon, just because she has a license doesn’t mean she gets to race in the Indy 500 next year.

  Stay tuned, we have many, many great credit opportunities ahead of us!

Mark

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There are many strategies, tips, and techniques available on the Internet on how to repair your bad credit. Unfortunately most of them are old, outdated and ineffective!

Having great credit scores is THE most effective way to improve your finances and financial independence. When you build and maintain excellent credit, you control your future.

Discover how to repair bad credit and improve credit scores.

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If you do a Google search for credit, credit repair, or how to repair my bad credit, you will find thousands upon thousands of pages of information. Unfortunately, most of it is not very good or very relevant.

Many of my students and clients have asked me to shed some light on the more common credit myths that exist.

Myth # 1: You only have one credit score. In truth, you have three credit scores, one from each of the three major credit bureaus. These scores can vary by as much as 50 points or more. This is why it’s a good idea to check all three.

Myth#2 : Checking your own credit will lower your score.

You can check your own score as many times as you want without impacting your score, but make sure you do so via the bureaus or a legitimate score seller like MyFICO.com rather than, say, at a car dealership.

Myth #3: Your age, income and sex are factored into your score.

None of this information has any bearing on your credit score. Your employment is something that is listed on the credit bureau report, but doesn’t affect the score itself.

Myth #4: A higher salary will boost your score.

Paying off your debts will improve your score. Earning more money, winning the lottery or inheriting a fortune, however, will not because, again, your net worth and income are not factored into your score.

Myth #5: To remove unfavorable info just dispute it.

If there is information in your report that is legitimately inaccurate, you should by all means dispute it. Credit agencies are obligated to investigate credit inaccuracies within 30 days or remove disputed information. But don’t fall for so-called credit repair companies promising to remove unfavorable (though accurate) information from your credit reports to “instantly” improve your score. These days credit agencies not only investigate disputes quickly, they know a sham when they see it.

Myth #6: Shopping around for a loan hurts your score.

When you apply for a loan or get pre-approved the creditor checks your credit report, which shows up as an inquiry to your credit. While it’s true that too many inquiries to your credit will lower your score, you absolutely can shop around for a mortgage, home equity loan or car loan without worrying about damaging your credit. As long as the same kind of inquiries are made within 14 days of each other, they count as one inquiry on your credit score. Eventually this time period will be extended to 45 days.

Take note: This grace period doesn’t apply to credit cards.

Myth #7: Credit card offers are hurting your score.

Credit card solicitations, while annoying, don’t affect your score. That’s assuming you don’t respond to the solicitations and use all of the credit that’s available to you. There is no magic number for how many credit cards are too many. But, if your ratio of credit used to credit available is high, that indicates higher risk.

To find out more information about credit repair and how to increase your credit scores, visit www.CrushingTheCreditBureaus.com