How to Increase Credit Scores

Learn an Attorney's Insider Secrets to Increasing Your Credit Scores

How to increase credit scores…

As a consumer law attorney and co-founder of a credit repair company, I have accumulated many years of insider secrets on how to increase credit scores. I won’t bore you with the typical pie chart or list of items that go into calculating your credit scores -like paying your accounts on time. Instead, I’ll share a little of the real insider information on increasing your credit scores.

First of all, everyone knows that your credit scores are determined by the information included in your credit reports. So by reducing your negative credit information and increasing your positive credit information you will increase your credit scores.

The best credit repair companies use credit restoration processes that include what is termed a credit report compliance audit.

Basically, you require the credit reporting bureaus, collection agencies, and creditors to disclose the credit information they have on file for you. Then audit their information for compliance with the Fair Credit Reporting Act.

For example, under the Act, they are obligated to report only accurate and verifiable credit information. So if the credit information they are reporting is not 100% accurate -not almost accurate, but 100% accurate- they must delete the item from your credit file and cease to report it.

Also, the Act limits the time frames for reporting certain credit items. So in conducting your audit, check to make sure they are not reporting items that exceed the allowable time frames under the Act.

Finally, the providers of credit information (i.e. creditors) must produce information that verifies your debts as valid. So, during your audit, demand they provide you with the processes used and the basis upon which they determined the debts to be valid.

There are several other credit repair strategies that may be used to legitimately improve your credit and increase your credit scores, but the basic principles revolve around exercising your rights under the various State and Federal consumer protection laws.

So despite what the credit bureaus will tell you, just remember, they have the burden of proving compliance with the consumer protection laws, not you!

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