Understanding Credit Reports And Scores
2010
How does one get their credit score updated quickly after paying off credit cards?
Hi experts!
I’m in the process of paying off my credit card debt in hopes of raising my FICO score before refinancing my student loans. I really want to get the loans refinanced ASAP as my monthly payments are currently absurd.
My problem is that even though I can afford to pay my credit card debt off now, I know the FICO score won’t update for 2-4 weeks. I’ve read on some other posts in this forum that one can make some calls to rush the credit report updating process, however I wasn’t quite understanding who I should call and exactly what I should say. Do I call my credit card issuer or is there a bureau I should be contacting? Does anyone know of any other options besides calling that may be better?
I really really appreciate your time and help…it will end up saving me lots of money! All advice is welcome and highly appreciated.
Thanks,
Curt
You can only get them to remove inaccurate information, and then you must wait. A letter from you will only be attached to your record. You may be correct, but the best you can do it to pay off now, and then when you know when your FICA is updated, then get the record of it and apply.
This is like pushing on a string. You won’t get anywhere. The credit bureaus are not equipped to respond to each and every phone call, except in the case of fraud or stolen credit or stolen ATM cards.
|
|
Understanding Your Credit Report / The Quest for 850 $29.95 How much money do you want to save? Your credit rating can save, or cost you a lot of money. Do you know the four sections of your credit report which determine your credit rating? How can you raise your FICO® credit score and improve your credit rating if you don’t know those four critical sections? A less than stellar credit score can decrease the chance of you being hired, and increase your i… |
|
|
Credit Repair Kit For Dummies $2.98 Don’t let your credit suffer needlessly from errors or outdated informationWith tools and tips for fixing a bad credit reportA bad credit report can hurt your chances at qualifying for loans and credit cards, and it can even get in the way when you want to rent an apartment or land a job. Credit Repair Kit For Dummies is your essential guide to managing your credit — from fixing mistakes on your … |
|
|
Credit Scores & Credit Reports $2.62 This book is written to address these and a host of other issues concerning credit reporting in America. The book is designed to help readers to gain a greater understanding of the credit reporting and scoring system, and how it impacts them. It would seem that greater awareness is needed. According to a July 2003 survey by the Consumer Federation of America, “Only 25 percent of Americans — and l… |
Comment