Are there any credit repair tricks to boost up my scores quickly?
Some Things Take Time
Some aspects of credit repair take time and there is no way around it. But there are a also a few great credit repair strategies that you can use to get your credit scores moving in the right direction in a very short amount of time. We will always identify all of the opportunities for you, both long and short.
Some Actions Work Immediately
Paying down revolving credit card balances is one of the most effect contributors to credit repair success, and if you have the means it can be done quickly. This can be so effective that we have had clients borrow the money from family members to pay down their balances. Your credit card balances can easily swing your scores by 100 points, and if you are getting a mortgage or any other significant score based loan this can make a huge difference that you may benefit from for many years to come.
A Mortgage Broker Tool
It is worth mentioning that mortgage originator have access to a system that allows them to adjust your credit score if you have proper documentation. This is called Rapid Rescore and is ideal for credit card balance reductions. If you pay down your balances as part of your credit repair effort, get letters from the creditors to evidence your new balances and give the letters to your mortgage originator for a Rapid Rescore. Once underway it takes about four days to complete.
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