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#Seth - Says,

Welcome to Credit Magic forum. We are excited to have you onboard.

The purpose of this forum is to create a community where people can ask questions, interact and discuss among other members about loan management to get the best solution to their problems.We also invite you to share your knowledge and experience with other community members which will help in enriching their knowledge and help build up credit.

We look forward to see your active participation. Join us and enjoy your stay in the Credit Magic forum.

Credit Magic team
Let us help you build up credit.

#goodnatured - Says,

thanks for the welcome, how nice, I myself look forward to being here, sharing my experience and getting some really good advice from experienced people. thanks for having me.
#diem - Says,

I'll second what goodnatured said. I hope to help people and answer questions accurately. There are alot of credit resources that can be utilized to repair credit and whatnot. Collection Agencies really are scum and will stop at nothing to collect any amount, be it $1 or $1,000,000!
#charles.armbruster - Says,

What we need here are some more participants on the 'visitor' side!!! Or maybe nobody has any credit problems out there......
#goodnatured - Says,

hey deim could you follow up on the post that you had earlier about bumping please, there were may people there wondering if you would put on more details.
#Justin - Says,

For bumping up your credit score, you may try the following
1. Since any errors bring down the credit score, always check the CR whenever you receive it and dispute the errors with the CRAs.
2. Always try to keep your old credit card accounts open, since credit history plays a major role in improving your credit score. Try to use these old credit cards for paying utility bills and then repay them on time. But don't utilize more than 30% of your credit limit. The lower is the usage, the better is your credit score.
3. Stay away from opening new credit accounts. This is because, as soon as you open a new credit account, there is a hard inquiry from the part of the creditor which gets reflected in your credit report. More and more hard inquiries suggests that you are credit hungry, which gives negative impact on your credit report

#goodnatured - Says,

what is the definition of bumping? Is there anything else related to it besides what you have posted?
#Justin - Says,

Bumping up the credit score actually means how to improve your credit score. My post above tells some methods to bump up your credit score. Besides the above methods, you can also remove hard inquiries from your credit report and improve your credit score too. You can find the procedure to remove hard inquiries from the credit report in other pages of this forum.
#goodnatured - Says,

Please tell me how to remove hard inquiries????? I would like to know???
#scott - Says,

Whenever you apply for a new line of credit, a hard inquiry is made which gets reflected in your credit report. More and more hard inquiries show that you are credit hungry and may indicate that your debt to income ratio may be higher. These types of inquiries gets automatically removed after 2 years.
Now if you are not willing to wait for two years, you can follow the steps mentioned below.
- First ask for CR from each of the CRAs and find out the inquiries that are shown to credit grantors. Now find out the addresses of the credit inquirers, and prepare letters asking them to remove the inquiry from the report. Since FCRA allows only authorized inquiries to appear on the CR, you may challenge the inquiring creditor, whether he had proper authorization to to pull up your credit report. In most cases, they simply delete the inquiry since most of them cannot verify your authorization.

#goodnatured - Says,

Thank you scott, I have a few that I would like pulled off my report. Do you know how many points this will clear up on your report per hard inquiry that you have removed?
#Firang - Says,

This is a nice piece of information.I just wanted to ask you about the fact that how this inquiry authorization process takes place.Kindly elaborate on this further.

Thanks Idea Idea

#Mary - Says,

Hi Firang
Hard inquiries can stay on your credit report only if it is authorized by you. This does not mean that you need to permit them to pull out your credit report. Whenever you apply for a new line of credit, you automatically authorize them to pull out your credit report and conduct a hard inquiry. Hard inquiry stays on your credit report for two years. More and more hard inquiry implies that you are credit hungry which affects your credit score.

#Firang - Says,

Hi mary

I am very much thankful to you for this piece of information.

#AMIT - Says,

I am new to this forum and a working professional in finance industry for last 6 yrs.I am basically going to concentrate on the various techniques on how to build a good credit and thus i have served almost 100 + people in the real life getting them free out of debt and improving their credit score.

Improving a credit score is not a single day job rather one requires lots of patience building a credit score but one must be serious enough to put it in to action plan.

Here are some of the points to be considered while choosing a good plan in order to improve one's credit score.

1.It should not promise you skyrocketing figures in order to improve the score.
2.Use basic steps No gray hat techniques.

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