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Did you know that if you do not file a reaffirmation with your mortgage company after you file for bankruptcy that the mortgage company does not have to report your good payment history?

Yes, that is correct. If you file a bankruptcy and do not include the mortgage in the bankruptcy, you still must file a reaffirmation with the mortgage company within 30 days of the discharge of the bankruptcy.

By not doing so, the mortgage company will then report to the credit bureaus that your mortgage has also been discharged. However, they will not tell you that. Instead, you will continue to make your mortgage payments and they will be glad to take them.

It won’t be until years later that you discover that they have not been reporting your good payment history to the credit bureaus. Then when you have a credit history pulled to get a new mortgage or a car loan, you may not understand why your credit score is still low.

Keep in your mind that in the world of credit scores, nothing happens overnight. Even when using the quickest methods to raises credit score, it takes some time for the changes to appear on your credit report. The best ways to raise credit score expect that you stay financially organized and learn to manage your debts wisely. No doubt, that developing good financial habits consequently helps to raise credit score. But thecredit sooner you take action, the sooner your score will start to grow. You need only a few extra points to get better interest rates.

To answer your question how raise My Credit Score quickly, five steps what you can do raise your credit score quickly. 1. Get your credit report and credit score. 2. Examine your credit reports carefully and search for inaccurate information. 3. Determine the cause of inaccuracies on your credit report. 4. Contact credit bureaus to dispute errors on your report. 5. Start paying your bills on time and pay off outstanding debt without closing old accounts.

How can a credit repair agency help you? To put it in simple words they can help you improve your credit score, get loans and lower the interest rates; which otherwise would have been abnormal. So how will this help you? If you have any plans of buying a new car or a home by borrowing a loan, give it a serious thought.

Plan your finances first. Planning eliminates lot of redundant work in the future. 80% of your work is complete if you have a plan before you start any task, and buying a new home or a fancy car is not an easy one for sure. If you are banking on taking loans to buy an asset check your credit rating first. Before you approach any financial institution make sure you have a sufficient background of how credit lending works. Most of these institutions use your credit score as a measure of your ability to pay installments. If you have a bad rating your application will be declined without any consideration. Even if you manage to get a loan in some cases you will be paying a very high interest rate which will gobble up most of your monthly earnings.

There are millions of people in America who have suffered because of a declining credit rating score. You might have read many articles or at least heard from someone you know that if you have bad debts you will not be eligible for home or auto loans. Have you tried to dig deeper to find out if this is actually true?

Owning a house is very much on everyone’s wish list. Americans should be proud of their achievements. They have all the necessary resources it takes to own what they want. You should not be bothering too much if your credit rating has taken a beating. Of course, should take some measures to make certain that your credit score does not drop further. The credit rating is monitored by three agencies and there is no guarantee that all the three agencies have the same score against your name.