Here are just a few examples of how Rapid ReScoring can increase your score over 100 points.
Huge Credit Score Increase Example #1:
Clay is a young music teacher from Oregon. He was let go from his position due to the economy. As a result his credit had suffered. He quickly found another position as a school teacher within the same district. In an attempt to lower his bills, Clay decided to refinance his home.
Clays scores were too low to qualify for the loan he wanted. In fact, they were 70 points too low. He was referred to me. As I reviewed the credit report, I noticed three very new late payments on his credit cards. Not only did he have new late payments, I could see that all three of his credit cards were past due with upside down balances.
After I informed Clay of the problem, he quickly called his local teachers credit union who he had opened these three credit cards with. He paid his credit cards off and explained his employment situation to the customer service clerk at the credit union. The clerk talked to her manager and they decided to remove the late payments from his credit report "just this one time." They told Clay that it would take 60-90 days for the late payments to be removed. Clay didn't want to wait.
The next day, Clay faxed me 6 letters from his credit union. Three of them referenced the current balances on his three credit cards. The other three authorized the deletion of the late payments on each account.
We processed the rapid rescore requests. 7 business days later, Clays loan officer re-pulled his credit report. Clays credit scores had increased 120 points in just about a weeks time. Clay was able to qualify for the refinance that he needed.
Issue #1: 3 Very recent late payments
Issue #2: 3 Past Due Balances
Issue #3: 3 balance upside down
Total credit score increase upon correction: 120 points
Clay was able to increase his credit score 120 points with Rapid ReScore
Would you like one of our credit experts to review your credit report to see if there are any opportunities for you to take advantage of Rapid ReScoring? Call (877) 254-6900 or (
click here).
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