How to clear your credit score?

Home Forums Credit Reports & Scores How to clear your credit score?

  • Author
  • #11936
    Team StellarFi

    You can clear up your credit score, or improve your credit score, by following good credit habits: paying your bills on time, lowering your credit utilization rate, keeping your credit accounts open for as long as possible, and having a healthy mix of different types of credit. 

    If you mean how to clear any negative marks in your credit report that are affecting your credit score, there are three ways to do this:  

    1. Check your credit report. Find out what negative marks you have, and work to correct them. Building up your score can take anywhere from a few months to a few years, depending on your current credit score and the improvements you need to make. Your credit score improves over time as negative information is gradually reduced and eventually removed from your credit report. 
    2. Dispute errors. Check for, and dispute, any errors or outdated information in your credit report. You will need to contact the credit bureaus to do this. You will have to provide them with identification details and proof of error in the report. The claim, if proven true, may take over 30 days to reflect in your credit score. 

    3. Pay for delete. This is when you contact the creditor directly and agree to pay a portion or the entirety of the entire debt in a stipulated amount of time. In return, the creditor would remove the negative information from your credit report. This method may not always be a quick fix for improving your credit score. While credit report agencies discourage this method since creditors are meant to report accurate and complete information, it is not prohibited under the Fair Credit Reporting Act.

  • You must be logged in to reply to this topic.

StellarFinance, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Related questions

Home Forums Credit Reports & Scores Credit Reports & Scores

  • You must be logged in to create new topics.