Credit Repair Strategies to Add 100 Points to Your Credit Score

Adding 100 points to your score is doable, but I must say that the bureaus and the company that created the most popular scoring model DOES NOT disclose the exact formula that is used to calculate the scores so my information in this article is based on years of working in the credit industry to assist prospective home owners with improving their credit rating to get approved for home loans.

The first step to add 100 points to your scores is to find out the different potential growth areas of your credit file. When I say growth areas I am referring to factors on your report that can be changed for the better which would give you a boost in points.

The first such area I want to write about would be recent negative or derogatory entries on your report. Such entries immediate steal a good number of points from your score and you want to do everything in your power to address such accounts. If you have any negative accounts that you know might have not hit your credit report, you want to settle them as soon as possible, You can consider this strategy a preventive one.

A strategy that will give you a serious point increase would be to add an account that has a lengthy good payment history attached to it. This is what the scoring system looks for and it works wonders on your reports with Equifax, Transunion and Experian. To accomplish this task you would need a household member, also preferably someone with the same last name as you to add you to one of their good accounts.

What happens is that their past credit history will be duplicated onto your report which would boost your scores in the process. It is also not common to find that you might have a credit account that you have been making timely payments on that does not report to the bureaus, you want to call your creditor in this case and ask them to report the account to the bureaus, this would also give you an additional point increase.

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