How to Instantly Gain 20 to 30 Points to Your Score
There are two things that you can do to easily and relatively quickly improve your credit score. By making all of your bill payments on time, the credit bureaus will be alerted that you are timely with your monthly payments.
This most important category contributes 35 percent of your entire credit score. It needs only a few months for your accounts to all show as timely paid.
Another way to quickly gain 20 to 30 points is to pay your credit card bills down to less than 30 percent of your available credit. By reducing your credit utilization on all accounts to under this figure, you will immediately gain from 20 to 30 points to your score (or more). If you are able to pay the balances down to 10 percent or less, then you will gain still more points almost immediately.
The fastest way to gain major points to your credit score is to reduce those high balances on all cards so that credit utilization is low.
Handling a Dispute On Your Credit Report
You need to regularly check all three of your major credit bureau reports from Equifax, Experian, and TransUnion. It is quite possible that incorrect information on one or more of your reports could be harming your total credit score. Disputing inaccurate or incomplete items with them is easy.
You simply log on to their “file a dispute” pages on their websites at:
Here you will be able to open a dispute by providing them with all of the pertinent information on your claim. Be advised that the credit bureaus require up to 30 days to process, research, and correct false information from when you file your dispute. Removing mistakes from your credit report can add significant points back to your score, particularly if the mistakes involve inaccurate late payments or other derogatory information.
Asking for A Lower Interest Rate
If you are carrying monthly balances on your credit cards, you will be able to pay them down faster if you are able to secure a lower interest rate. You can sometimes get these by calling the credit card issuers directly. Tell them you are preparing to pay down your balance, and you would like to ask for a lower interest rate to help you with the process.
They may be more likely to approve your request if you are willing to make a significant token payment while you are on the phone with them.