Fixing Your FICO Score | How To Increase My FICO Score

If you are stuck in a mire of credit card debt, there are steps that you can take yourself to repair your credit.

If you or someone you know has credit problems, the following information should serve to help you a great deal.

There are times when all of us find ourselves in circumstances that can lead us to have a lower credit rating.

There are internet sites that are dedicated to helping you dig yourself out of debt. You will need to join the website to gain access to over 375 pages of information and secrets about how to repair your credit. A fee of $9.95 will give you lifetime access to the website and the guides.

Once you have joined the site to repair your Fico score, you will have complete access to such topics as: The Solution to Bad Credit, The Lure of Bankruptcy, and The Free Credit Card Trap. You will also find advice on:

* The need to write a letter to credit bureaus, creditors, or collection agencies.

There are sample credit repair letters for you to go by.

Writing these letters is an essential part of gaining control of your credit rating, ad will help you repair your Fico score.

You will need to include certain forms and the proper information on your accounts.

The sample letters are arranged according to credit situations.

These are as follows:
1. Contact Letter to Credit Companies
2. Follow up Letter to Credit Companies
3. Request Letter for buying Credit Cards
4. Verification Request letter to Credit Bureaus
5. Payment-In-Full Letter
6. Debt Validation Letter
7. Debt Validation Follow-up Letter
8. Request Letter to Stop Contact
9. Request Letter for Credit Denial Reasons
10. Request Letter for Name Removal from Mailing List
11. Request Letter for Removal of listing
12. Request letter for the Removal of Wrong Information
13. Request Letter for Removal of Inquiry from Credit Report
14. Request Letter for Debt Verification
15. Notice of Intent to File a Lawsuit
16. Unsolicited Offer Letter 1
17. Unsolicited Offer Letter 2
18. Counter Offer Letter for Debt Settlement 1
19. Counter Offer Letter for Debt Settlement 2
20. Offer Letter with Alternate Payment Strategy
21. Letter of Acceptance of the Verbal Offer for Debt Settlement
22. Debt Settlement Agreement 1
23. Debt Settlement Agreement 2
24. Request Letter for Updating Bankruptcy Account
25. Request Letter for Credit File

This is a only a partial list of letters that are offered to help repair your Fico score.

How Do I Get My FICO Score?

There is a way to get your credit report from the top three reporting credit bureaus. You are entitled to a free credit report once a year.

Some people are mistakenly under the impression that the 3 credit report with fico score is available for Free.  The annual 3 credit report is FREE but the FICO score is an additional charge.

So, to answer the question "how do I get my FICO score?".

How do I get my FICO score? | You can purchase it

You will be able to purchase your Fico or credit score at the same time you get your free credit report.

Even though it isn’t usually possible to get a free Fico score, you should certainly purchase one to see where you stand in the world of credit.

The FICO score is based on the information in your credit report, and is compared to patterns in hundreds of thousands of past credit reports of others.

This FICO score will show the level of YOUR credit risk - it is a formula that allows the financial world to measure whether your a "good risk" to lend money to or not.

How do I get my FICO score? | You must have the following……

Your credit report must contain at least one account that has remained open for six months or more, and one account that has been updated in the last six months. There needs to be something to base this score on.

What's A FICO Score?

A FICO score also known as a Beacon Fico Emperica score is a credit score.

These are complex calculations based on the three major credit reporting bureaus.

These scores are called by different names but use the same calcualation.

What's A FICO Score? What do the Scores Mean?

Most Beacon Fico or Emperica Credit scores range from 350 to 850.

725 plus is considered a nearly perfect credit score, 640– 719 is a good average credit score by American standards.

A credit or fico score of 639 or less is considered to be below average and any score less than 575 is a very poor credit score.

What's A FICO Score? What is A Vantage Score?

There is a new, and not yet commonly used Vantage score or Vantage credit score.

It was designed to make the scores more easy to understand.

Vantage scores are figured the same way school grades are. If your score is 60 or less the score is an F, 61 to 70 is a D-below average, 71 to 80 is a C-average, 81 to 90 is a B– above average, and 91 to 100 is an A– perfect score.

What's A FICO Score? What Factors Influence Your FICO Score?

The biggest reasons for credit scores to lower are:Bankruptcies,Collections, Charge offs, Late payments, Judgments, Liens, and too many inquiries.

The most common credit score problem is owing more than 80% of your credit limit.

What's A FICO Score?  Is it the same as a credit bureau score?

Credit bureau scores are not the same because most creditors do not report to all 3 bureaus and some don’t report at all unless payment stops. Cell phone carriers, utilities, collection agencies, smaller banks, hospitals, and many other companies only report to credit bureaus when there is bad credit.

Credit scoring is not a measure of a person’s bank account, assets, or income. These scores are based upon the information in the credit report. A credit report doesn’t do much good without the credit score. This is the measure of your credit reliability.

Some quick facts about credit and credit scores:
• The average American has a credit score of 677, credit scores range from around 350 to 850.
• To obtain a low interest bank loan you will need a Fico score of at least 640.
• Middle to high interest loans will want a Fico score of at least 640.
• A poor credit score is 575 or lower.
• A good credit score is 640– 720.
• Your credit score is considered below average when it falls between 576– 639.
• To get very desirable credit terms, you will want a Fico score of 721– 850.