Raise credit score 100 points overnight… Is that even possible? Yes! As more and more consumers
succumb to the guilty pleasure of easy credit, the unfortunate side effect is that many consumers are
experiencing low credit scores. The good news is that there are ways to raise your credit score,
regardless of whether your credit score is bad because of a bankruptcy or simply too much of a good
thing; in this case, credit.
Steps to Raise Credit Score 100 Points Overnight
The first step in raising your credit is understanding exactly what is on your credit report. Credit information is collected by three main collection bureaus and you should know exactly what each one of them has to say about your credit history and score. So, get started by requesting copies of your credit score from Experian, Trans-Union and Equifax. You can usually find offers which will allow you to receive one free credit report from each bureau once a year. www.Creditkarma.com offers a free copy of your credit
score report from two of the credit bureaus above.
The second step to raise credit score 100 points overnight is to look on your credit report to be sure that there is nothing reported incorrectly. An incorrectly posted collections account can easily drop your credit score 50 points or more. If you do find errors, take action to have them corrected by writing the reporting agencies and supplying supporting documentation to prove your claim. Follow-up to make sure that errors are removed. This step alone could raise credit score 100 points overnight.
Once you know exactly where you stand in terms of your credit score, regardless of how bad it might appear to be, get ready to take action to clean it up and raise your credit score. Checking this monthly is a good idea for continuously improving your credit score. You most likely won’t be able to raise credit score 100 points overnight, but you should see month over month improvements.
Credit Score Explained
When working to raise credit score 100 points overnight, it’s important to understand which specific factors contribute to your credit score. The most important items include account balances, payment history, number of recent inquiries into your credit score, age of established credit, number of open accounts and the mix of your credit.
Work at paying off balances one by one. Make sure you pay above the minimum payment due on all accounts in order to whittle them down quicker. Make a point to pay all bills on time. Be sure you drop them in the mail several days in advance in order to avoid any problems with mail delay. Try using the excel debt snowball spreadsheet.
Don’t give into the temptation to simply close out accounts because this usually won’t improve your credit score. Instead, lock away your cards and work at paying cash for your next purchases. Try to keep your accounts at a balance of only 25% of your available credit limit. Credit utilization makes up about 30% of your overall credit score.
Avoid consolidating credit card balances, making transfers and in general, a lot of moving around of your credit. This can be a red flag to lenders and may cause more harm than good to your credit score. As you can see it is possible to raise credit score 100 points overnight. Over time, with dedication and
diligence, you can improve your credit score.