Ways To Cheat Credit Agencies
Author: Faranak Groves

Just face it. You are a spendthrift. Your credit record is
poor. You have missed payments. You have also filled in a lot of
loan applications. Is all this a crime? No. You are no different
from a lot of other people.

Some would suggest that you need to transform your thinking so
that you change your spending habit. Sure, change yourself, if
only you can. But, this article is not intended to change your
nature. In most cases, one's nature can't be changed.

But because of your spending habits, your poor rating is
hurting you badly. You are really desperate to improve your
rating, and fast. I am going to show you how you can fool the
credit rating agencies into thinking you're becoming
credit-worthy. Just follow these 7 tips religiously, only for
the next 90 days. (Sure, you can continue to follow these even
after 90 days, if only you can.)

1. Stay Within A Budget

For just the next 90 days, religiously stick to a budget.
Regulate your expenditure, week by week. Don't buy anything you
don't really need. Do this only for the next 90 days till your
rating improves.

2. Keep Your Payment History In Check

Your credit card payment history has impacted your credit
rating adversely, right? For the next 90 days, only buy things
you need with your cards and repay card debts on time.

You draw the attention of the credit bureau when you own more
than two to four cards. Rather than have many cards with large
unpaid balances on each, take a low interest loan to pay off
some of them. Hold on to older cards which count for more points
when your rating improves.

3. Make Payments On Time

Only for the next 90 days, don't wait till the last moment to
pay off loans or bills shown on your credit report. Even if
there's a grace period offered the loan will still appear on the
report, thereby damaging your score. Fool the rating agencies by
paying ahead of time.

4. Don't Restrict Payments To The Minimum Allowable

Another way of fooling the raters is to pay more than the
minimum allowed. That way, you save interest and owe less. Make
sure your card balance is well within the limit during the next
90 days.

5. Be Wary Of Consolidating Debts

The surest way to alert the credit bureau that you have a
problem paying your debts is to keep applying for loans, to use
to wipe out older ones. They get another warning sign when you
get new cards frequently, tempted by offers. Do debt
consolidation selectively, and only as a repair measure, for the
next 90 days. Even if you are simply checking out on the best
offers, never give out your name and address, if you can avoid
it.

6. Beat Them To The Draw

If you have missed a payment, talk to them and explain before
they set collection agencies after you, which would damage your
rating like nothing else.

When you talk, you can negotiate better if you have something
to offer. Assist them in devising a new payment plan. Given a
choice, opt for a longer payment period if the lower instalment
will make it more affordable for you, while telling them you
intend to repay.

7. Get Errors Rectified

Sometimes there are errors on your credit report. If these are
not corrected in time, they hurt your credit score. Follow up
with the credit bureau to insure that such errors no longer
appear on your credit report. You might have to convince them
about the error, as people at the bureau may not always agree
with you about the error.

Append your explanation to your report. Take care, however, to
steer clear in your comments of finding fault with anyone.
Always appear to assume that any errors could have been
inadvertent.

Once the plan is agreed on, request that your debt not be
reported to the credit bureau. If your payment record on the
amended plan is good, they are likely to concede to your
request.

Do all this only for the next 90 days, and savor the feeling of
power and confidence it will give you.

If you require a still higher rating, perhaps you may have to
extend this 90 day period to 180 days or more


About The Author: f.Groves has a history of working in
financial planning and brings to bear his several years of
experience in this
http://industry.www.houseofrapidcreditrepair.com