Increase Your Credit Score in Days
An Overview of Rapid Rescore
What is rapid rescore?
Rapid rescore is a way of improving your credit score quickly, by correcting items and then having your credit score "rapidly" corrected. With rapid rescore, things such as charge offs and collections can be corrected. If you pay off a balance on a credit card that can also be taken into account, and can improve your score. Unlike with your typical credit report where changes in your score can take months or even years, rapid rescore makes those changes to your score in days.
Where do I go to get a rapid rescore done?
Since rapid rescore is often expensive, it is usually only done by people who are looking to make a high dollar purchase such as a home or business. In the case of these individuals they would setup a rapid rescore through their mortgage broker. The mortgage broker would discuss the potential benefits of rapid rescore with you, and determine whether or not it is right for you in your situation. The broker would then handle all of the necessary paperwork. You would be responsible for providing them with documentation that you have paid certain creditors or the court.
How long does rapid rescore usually take?
From start to finis the rapid rescore process will take about a week. Usually you would talk to your mortgage broker about rapid rescore and they would set it up with credit reporting agencies. Depending on the particular companies you are dealing with the whole process can take anywhere from three to five business days. After the rapid rescore is done however, your credit rating will be permanently changed to its new rate.
How much will my credit rating be increased?
The amount of improvement to your credit score is for the most part determined by the types of things you are having corrected on your credit report and the overall state of your credit before the report was done. The difference can be a few points or hundreds if you have something major removed. Just one negative item on your credit report can make your credit rate drop quite a few points. Correcting that problem could potentially save you thousands.
How much does it cost?
The cost of rapid rescore has a lot to do with where you are going to have it done. In some cases mortgage brokers will eat the cost of the rescore in order to keep your business. The cost however is usually a couple of hundred dollars.
Published by Ann Mapleridge
Ann is tech geek, craft beer lover, and avid traveler. View profile
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13 Comments
Post a CommentIt was CRAZY. I only had two credit cards and I always pay them off at the end of the month but when my loan officer pulled my credit report, both cards looked maxed out. I did a rapid rescore on both accounts and my scores went up 38 points in about a week. That increase allowed me to buy the house I wanted. rapid rescore
There are so many ways to increase your credit score with rapid rescore. As a lender, we use rapid rescoring all the time. If you need 10-30 points added to your score, a rapid rescore might be perfect for you. I use a service provided by EZ Credit Repair. They offer rapid rescore directly to consumers. Rapid rescore can help you get qualified for a loan quickly. Find out more here: http://www.creditrepairwholesale.com/Rapid_ReScore.html, these guys give you unlimited rapid rescore service.
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jmh1727 you%27ll never be able to refinance if your credit score is very low. learn to pay your bills on time is the first thing you need to do. and john%2C nice post%2C your a jerk.
I would register on LinkToMeet.com.
They have monthly drawings where they deposit anywhere between $500 and $1,500 in your Check101.com bank account.
fuck all of you
I had a lender work with me once who was wonderful. He told me that it is optimal to maintain about a 30% balance on credit cards (so long as you are paying at least minimum payments, and on time at that). I wanted to pay them down lower, but he explained that having zero balances - while not bad - does not help you build good credit, either. Even keeping a card and using it to purchase gas or groceries and paying it off at the end of each month helps build good credit.
Good luck.
Your credit score could go up as much as 40 pts if you pay off huge balances.
It could go up over a hundred if you have a negative removed.
Mine went up 36 pts on avg. by paying off $14,000 credit card.
3-5 days, have your broker work with his credit agency as to instruct you on what balances to pay, etc. generally you want your cc balances below 50%.. so focus on the small acounts with high debt to high credit balances.. get it?
no, your credit sucks too bad for a ree score, ever consider chapter 13?