Normally it takes a month or so for new information to be submitted to the 3 major credit bureaus and your credit report and credit score to be updated. But there is a way you can improve your credit score fast with a rapid rescore service. You can raise your credit scores in as little as 72 hours.
With an improved credit score you can get a better interest rate and a lower monthly payment on your home or auto loan. This can save you hundreds of dollars a month and thousands of dollars over the life of the home mortgage loan or even auto loan. You could also consider using it for a home equity loan or debt consolidation loan.
Millions of consumer credit reports have errors in them that can damage your credit score and possibly deny you for a home loan.
With a rapid rescoring service you can locate these errors, add new positive information such as a paid off credit card balance or the deletion of a collection account.
It does not cost as much as it used to. Your mortgage lender or mortgage broker and help you update all 3 credit bureaus for as little as $100. This is a small price to pay considering you can get a better interest rate and a lower monthly payment.
If you have a legitimate negative item on your credit report and applying for financing or new credit you can consider using a rapid rescoring service to help improve your credit score fast and enjoy more money in your pocket each month with a higher credit score, lower APR and lower monthly payment.