| The first place to start is by ordering a copy of your credit reports from all 3 bureaus. You can do this at www.annualcreditreport.com. Once you recieve your reports review and dispute any inaccurate information from your reports. This is a 30-60 day process so be patient. Once you get these items resolved at the bureau level, it should not show up in any reports moving forward.
Other suggestions include... Try the site www.optoutprescreen.com. You must go to this site, enter into the 5-year opt-out option (this option only) and click to the next screen, enter all of the clients information precisely (discrepancies may make invalid). After you have put all of your information in click submit and print the confirmation up and place in file. Placing the confirmation in the file shows the date as to when you opted them out.
Most of the time the credit score would raise from 5-30 pts, allowing your to qualify for better credit ratings. It only takes a minute to opt them out and 3-5 business days for the scores to be increased (tell them to wait five days to be safe). It is important to note that , on occasion it does not effect the credit score. This may be attriuted to dicrepancies in entering your information.
Popular theory is that by opting out of credit solicitations your are less apt to get more credit and put yourself in high debt. Therefore the credit bureaus believe this to be advantageous and will give points for doing this.
You can also visit www.UCRscore.com. The company claims to create loan eligibility in as little as 60-90 days, but they do charge a fee. Lisa Chapman at Clean Credit, Inc. can also assist you in doing this for a fee. Her contact number is 770-576-1953.
These are just suggestions and are no guarantee to raise the score but hopefully these things will help us get a better loan program! |