Debt Consolidation Credit Counseling In Phoenix

Having good credit is important in these market conditions. Now that banks are more mindful about lending money, credit may be more important than ever. In this article, we'll examine how you can raise your credit score the easy way.

If you're looking at ways to improve credit, you must get charge offs removed from your credit report. Charge offs can have a truly bad effect on your FICO score. Getting charge offs removed from your credit report has a significant effect on your credit score. But if they are there, there is still hope of removing them. This will improve your FICO score and will lower your payments and interest rates on loans and mortgages.

Beginning the process of charge off removal begins with obtaining a copy of your credit report. You get 1 credit report per calendar year. This allows you to see what your credit report says.

It's not uncommon to see a mistake on your credit report. If you see an error, compose a letter to the credit bureau. Don't write an email, compose a real letter. An old fashioned letter, with ink and a stamp. If you don't receive word from the bureau within a month, the charge is automatically dropped from your report. This way, you get your FICO scores going in the right direction again

It may be a small step every time, but small steps will get you there too. Just a small difference in interest rates for a mortgage or loan can save you thousands of dollars in the course of a few years. So be picky when trying to find incorrect charge offs.

Most people never really go over their credit reports. People take for granted that no charge offs are made in error. The truth is that there are lots of mistakes being made. You can get charge offs removed and increase your score. You just have to look over your report, find the mistakes and report them to the credit bureaus. In the next couple of years, you can save thousands and thousands of dollars just by doing this.