{"id":949,"date":"2021-06-06T22:24:10","date_gmt":"2021-06-06T22:24:10","guid":{"rendered":"https:\/\/launchmyscores.com\/?p=949"},"modified":"2021-06-23T14:39:49","modified_gmt":"2021-06-23T14:39:49","slug":"can-i-raise-my-credit-score-100-points-overnight","status":"publish","type":"post","link":"https:\/\/launchmyscores.com\/can-i-raise-my-credit-score-100-points-overnight\/","title":{"rendered":"Can I Raise My Credit Score 100 Points Overnight?"},"content":{"rendered":"\n
We truly live in a microwave society and seem to expect fast and instant results with just about everything. But there’s one area where fast is subjective and instant isn’t real and that’s your credit rating.<\/p>\n\n\n\n
You may have seen promises from credit repair agencies to increase your credit score by as much as 100 points overnight. You may have even asked the question, “can I raise my credit score 100 points overnight?” <\/p>\n\n\n\n
Especially if you’re a victim of identity theft. This would be really amazing if only it were true. <\/p>\n\n\n\n
There\u2019s simply no such thing as a company that can improve your credit overnight, no matter how much you pay them and no matter your unique circumstances.<\/p>\n\n\n\n
The FCRA, FDCPA, and FCBA laws allow the credit bureaus and furnishers 30-45 days to complete a dispute, 15 days to complete a method of verification request, and 30 days for debt validation. There’s no legal way to get around these laws. That’s why you’ll never see a legitimate credit repair company advertising anything like that. <\/p>\n\n\n\n
Permanent positive results that increase your credit scores take a substantial amount of time and work. If you hear of a credit repair company advertising overnight results or something too good to be true\u2026 RUN.<\/p>\n\n\n\n
In order to be effective in raising your credit score<\/a>, it’s important to start at the basics first. There are more specialized ways to boost or raise your credit score quickly but only when your credit foundation is strong to start.<\/p>\n\n\n\n The first step in repairing credit is to start with only your accurate information on your credit reports. According to the Federal Trade Commission<\/a>, 1 in 5 individuals have at least one error on their credit reports. <\/p>\n\n\n\n While that statistic is astounding it is the truth for so many with credit score challenges. And the most important thing to do is not ignore the errors and file proper disputes with all three credit bureaus. <\/p>\n\n\n\n This is not the most fun part of the process and it will take a minimum of 30 days but likely longer. Click here to get my full step-by-step process on filing credit disputes<\/a>. <\/p>\n\n\n\n Since 10% of your credit score is calculated by your mix of credit types. This means the credit bureaus don’t like to see an individual with all credit cards or all installment loans<\/a>, for example. <\/p>\n\n\n\n There should be a good mix between revolving credit types and installment credit. <\/p>\n\n\n\n Installment credit has a fixed end date with a series of payments due every month<\/strong>. These would be mortgages, personal loans, student loans, and auto loans. Credit bureaus love to see a mix of these, for example, a car loan and a student loan. Of course, these must be paid on-time every month in order to make a positive impact on your credit.<\/p>\n\n\n\n Revolving credit doesn’t have a specific end date or a set balance. And the most common type of revolving credit is credit cards<\/a>. A home equity line of credit (HELOC) is another type common type. <\/p>\n\n\n\n1 | Remove Errors on Your Credit Reports<\/h3>\n\n\n\n
2 | Evaluate & Diversify Your Mix of Credit Accounts<\/h2>\n\n\n\n