Hidden Secrets To Improve Your Credit Score… FAST

Have you ever asked yourself one question about your credit— “How to improve my credit score quickly?”
If your answer is YES. Well the next question you should think about is “”How much do you want to raise it?”
Raising credit score from 500 to 570 is far more difficult from 650 to 720. Why? Because of the starting point, raise from these two credit score are quite different approach. Also, there is a way that almost always lead to an increase in score – remove negative items from a report. Therefore, in this article, we’ll discuss some ways to raise credit score know by very few.
Below are some techniques about removing negative items, which you can use if you have no unfavorable information in your report. OK, let’s start with the technique that ignored by a lot of people.
DEBT to CREDIT RATIO: Have you ever heard something like “I have excellent credit, I pay all my bills off in full every month!”? That is the falsest belief about credit concept. You have to get your “credit mindset” right. And the debt to credit ratio is the key point. What is debt to credit ratio? Debt to credit ratio is your ratio of debt to total available credit you have been extended.
For example: Total unsecured revolving credit account: $20,000 Currently in debt: $5,000 Your debt to credit ratio: 25%
Since charging interest is the main way that lenders make money. So, the key that lenders make money by credit scoring model is driven by your ability to maintain balances and pay over time. This is the real credit worthiness and that is why lenders make money, because the main profit comes from interest and not annual fee.
One way that can increase your credit score faster is to have a proper debt to credit ratio, we’ve discovered many years ago.
So, any solutions if your debt to credit ratio is too high?
For example: Total unsecured revolving credit account: $20,000 Currently in debt: $15,000 Your debt to credit ratio: 75%
So, how to decrease your debt to credit ratio without selling anything you own?
There is one technique you can use:
SUB-PRIME MERCHANDISE CARDS: A report from one of more of the major credit bureaus – a good and powerful tool for increasing high credit limit and decreasing debt to credit ratio is “Sub-Prime Merchandise Cards”.
Sub-Prime Merchandise Card is a card attached to a line of credit which allows you to buy merchandise from a specific vendor. In most cases, the merchandise will be bought via a catalog or online mall.
Here’s how Sub-Prime Merchandise Cards works: someone applied with a pulse, and the company gives them a card for $3,000 to $15,000 with no credit check and no cosigner. However, the card is only good for merchandise through their website or catalogs and the consumer is required to put down a deposit on whatever they purchase. After the deposit is paid, the remaining balance is financed on the card.
For example: If you want to buy HDTV worth $1,500 and your deposit is $500, so you can finance $1,000 on your merchandise card and make a payments.
That sounds great, right?
By using Sub-Prime Merchandise Cards, your credit data will be reported to credit bureau. This means if your card limit is $10,000 and you finance $1,000 on your credit report. It will look like other credit card and do three important things for you
1.) Increase your “High Credit Limit” by $5,000 overnight, just like any other unsecured revolving account.
2.) By carrying a small outstanding balance it will positively impact your credit report by building and showing potential lenders your credit worthiness.
3.) With a good payment history you are virtually guaranteed to receive “legitimate” pre-approved credit offers in the future due to other lenders renting your name from the credit bureaus.
This technique is good and hard to beat for both cost and effectiveness. By using Sub-Prime Merchandise Cards you have to know exactly which cards report to the credit bureau and offer the best rates.
What we concern about is our credit score. Credit miracle is what we want, but it doesn’t happen overnight. So we can create our own credit miracles by applying simple insider strategies consistently over time.