Discover How To Remove Foreclosure Quickly And Start Having Credit Scores Over 700
There are numerous factors that influence your credit rating and score besides payment history. Foreclosure is one of the biggest factors in your rating. With the real estate bust behind us, there are many people who faced foreclosure. Now, these foreclosures and permanently scarring credit reports.
Foreclosures and Credit Scores
Payment history is the biggest factor in determining your credit rating and score. Up to 35 percent of your score will be based on this factor alone. Meeting your debt payments in a timely manner will assist your score. Having a foreclosure will do the opposite and that’s why you need to remove foreclosure from your credit.
Did You Know That You Can Dispute Foreclosures On On Your Credit Report?
According to the Fair Credit Reporting Act, it gives you the right to remove foreclosure and it requires credit bureaus to investigate your complaint (generally in thirty days), send you a prompt response and correct any errors .
How Do You Remove Foreclosure From Your Credit?
There are several ways to remove foreclosure:
- Hire a credit repair service. (Better)
- Do it yourself by writing credit repair letters. (Good)
- Do it yourself using credit repair software. (Best)