A business colleague who owns a mortgage company showed me how to increase my credit score by 50 points. It's so simple, quick, and easy. All you have to do is opt-out of recieving all those pre-screened credit card offers you don't need or want in the first place. According to my colleague, doing so will increase your credit score by 50 points.
The request is made directly to the credit reporting companies through an official Comsumer Credit Reporting Industry website. Simply go to www.optoutprescreen.com . The process takes 5 minutes to complete and 5 days to take effect. You do have to enter your name, mailing address, and social security number.
Be sure to select the five year option rather than the permanent option. The permanent option requires paperwork to be mailed. However, it may be the preferred option for those hesitant to enter thier social online.
Should you ever change your mind and actually want to receive those pre-screened credit offers, no problem. Simply return to the site and opt in.
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7 comments:
Wow. I have been in the business of debt relief for quite a while and that is a very very handy tip there. I will be sure to tell all of my clients about this to help boost their scores after going through the debt settlement process
Thank You.
Great tip.
I will definately use this great tip myself.
Debt Advice Website
Many people also believe that online consumer credit counseling programs will help increase their score but they will actually bring it down while you are enrolled.
I have personally struggled with debt for a very long time. I found it almost imposible to get out of the vicous circle of debt and back on a straight path again.
It has taken me a lot of pain and heartache but I have found some great ways to help get out of debt and stay out of debt.
The credit card, which to me at many times was the enemy has now become my number one agent in the fight against debt. I have turned my debts around and could not be happier.
This site, Ways to save money has given me a new lease of life. It explained debt and get me some great tips for turning debt into savings. Its so easy and savings can be made almost straight away.
Sure credit score helps but if you can get yourself out of debt years earlier, wouldnt you give it a go??
hmmm... it sounds like a joke. I have to try :)
Just wondering... What is 50 points worth? Like, if I was to be declined for a debt consolidation loan or something, how many points would I lose? Or if I did not keep up the minimum payments on my debt, how many points would I lose for a late payment?
Thanks for the tip. I'd just like to know if 50 points is a lot in context with my credit score.
Hey the topic is really informative.
Also everyone has commented well to it.
I agree with Steve.
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