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Turning around a less than perfect credit score is a lot easier than most people make it out to be.
Regardless of the kind of credit you might have right now, it really can be possible to figure out how to get a 700 credit score in 90 days – and sometimes even faster than that!
It’s important to remember that your credit score is going to be moving around all the time depending upon a variety of different factors. Your credit score at this particular moment is nothing more than a snapshot of your credit, your repayment history, and a handful of other factors – and once you understand that, manipulating those factors in your favor to get a 700 credit score (for an auto loan, mortgage, personal loan, etc.) is a lot easier than expected.
You figure out where your credit score is right now
Before saying “my credit score is 700, can I buy a house?” without ever having looked at your actual FICO credit score – and maybe only checking out one of those free credit report websites advertised on TV and online so frequently – you have to first figure out what your credit score ACTUALLY is so that you can start building it up from wherever it might be right now.
Is 700 credit score good or bad?
Three different credit bureaus there are going to be able to provide you with detailed information about your credit. TransUnion, Equifax, and Experian will all be able to shine a light on where your score is right now, and will also help you understand whether or not a 700 credit score is good or bad for the kind of loan you are shooting for! Or you can simply refer to the bellow figure to find out if your 700 credit score is good or bad. As you can see your 700 credit score falls within 670-739 range and most lenders consider this a good score.
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Set up auto payments so you don’t miss any in the future
The next big piece of the puzzle to improving your credit score is to set up automatic payments that you can schedule with your credit card companies, auto loan financing operation, or your bank directly.
By setting of these automatic payments, you guarantee that you won’t ever be late to pay a bill again and you’ll be able to improve your credit repayment history dramatically. This is a game changer for raising your score, as it not only lowers your credit utilization ratio (the amount of debt you have compared to the amount of money you have paid back in the credit you have available) but it also improves your viability to lenders as you’ll have a history of making payments on time.
Clean up your score
Finally, you’ll want to do everything you can to dispute any of the blemishes that might be on your credit report already.
You’ll be able to send out pay for delete letters, remove charge offs from your credit report if they are shown up on you report by mistake , credit dispute letters, and a host of other letters to any creditors, lenders, or collectors that might have filed negative reports against your credit score. Getting these issues removed from your credit report alone can bump your score up hundreds of points almost overnight, getting you to the 700 credit score you’re looking for to start really taking advantage of everything that credit brings to the table.