Little-known quick fixes that may improve your credit score

Source: Kenneth Harney, Washington Post (Paid Registration)

Many mortgage applicants have never heard of “rapid rescoring” or CreditXpert score simulations — in part because some lenders choose not to educate them.

Fixing errors directly with the credit bureaus could take weeks. Enter rapid rescoring, a process that frequently can get erroneous information corrected in as little as two to three days.It works like this: You provide the documentation about the accounts to your loan officer, then request a rapid rescore using the loan officer’s mortgage credit-report vendor. The vendor’s staff will then verify your documentation with the creditor(s) involved and provide the corrected information directly to the credit bureaus.

 

Read Full Article: Little-known quick fixes that may improve your credit score

 
 

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