Eyl 06

2010 Rescoring the Right Credit Repair News

The sad truth is that more credit-repair companies can not back their promises. For example you can not raise your credit score by 100 points overnight. This is not possible. But if your credit score is too low, so you must be qualified for a mortgage – and a larger number of U.S. citizens find themselves in this situation, according to a recent study by credit score FICO provider – there is a legitimate credit repair solution that could help: Rapid rescoring. It is a way to improve your score, easily, in a short time.

Rapid Rescoring
The Chicago Daily Herald newspaper recently wrote a feature story about rapid rescoring and how it can help credit-challenged borrowers improve their credit scores. It works like this: You find a savvy mortgage broker or loan officer who gets your credit file into a rapid rescoring program performed by a credit reporting agency. These agencies then make direct changes to the information in your credit files. In such a program, the credit reporting agency will quickly fix any documented errors in your credit file. It will also add information that could improve your score. According to the Daily Herald story, credit reporting agencies can even identify the steps that you can take to immediately boost your score. The Daily Herald story quoted one credit official who said that most credit rescorings take three to five days to complete and cost anywhere from $90 to $200.

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