Stop suffering with Bad Credit.
Need a Quick Bump in Credit? Consider Rapid Rescoring
Let’s say you’re out shopping for a mortgage loan and you’re a few points shy of qualifying for a better rate. Don’t settle for the higher interest rate - you could probably qualify for the lower interest rate by using a rapid rescore to raise your credit score.
Rapid rescoring works by going through a lender (unfortunately this service is not available to consumers) to correct errors / or account for new, positive information in your credit report. This can result in huge savings on credit card payments, mortgage payments etc. Technically you’re supposed to be able to do this on your own, but this can take months. Lenders (e.g mortgage brokers) have relationships with the credit bureaus, and for a fee they can usually have a live person at the bureau working with them to correct errors. This can result in a credit score increase in a matter of days vs. months if you tried to fix errors on your own.
Rapid rescoring won’t clear up all the errors on your credit report, but the few additional points you can gain in as much as a week could mean the difference in hundreds in savings per month on a mortgage.
Leave a Comment
If you would like to make a comment, please fill out the form below.













