Is It Possible To Repair Credit Score In 30 Days?

Is It Possible To Repair Credit Score In 30 Days?

No one is perfect in this world and yes it is true! Unfortunately, there are some mistakes that we did and resulting in a low credit score. With this type of imperfect credit score, obtaining additional credit is a very big challenge.

Keep in mind that your credit scores not only affecting your potential of borrowing from standard banks, but also banks, financial institutions, and other government agencies check your credit scores for various other reasons. 

We know that people with poor credit score always have a question in their mind that “Is It Possible to Repair Credit Score in 30 Days?” Luckily, yes! There are lots of easy ways to improve your credit score quickly.

Four Ways To Improve Your Credit Score In 30 Days

All Canadians can check their credit score reports, and requests to receive from top credit reporting agencies (Equifax and TransUnion). After you get a copy, it is best to review your credit report thoroughly. If you really want to improve your credit score within 30 days, note down all your errors mentioned in the credit report. If you find errors, work on it as soon as possible.  A creditor may mistakenly mention your late payments, and there may be outdated information stated in your report like a defaulted loan that you already paid in full.

If you want to improve your credit score strictly within 30 days, follow this:

  • Correct your credit report errors

Contact your creditors and inform them about their mistakes of inaccurate late payments or default loans mentioning in your credit report. Then follow up your changes request and also notify about this action to all major credit bureaus. Make sure that your creditors know that you have been already notifying all credit bureaus. It may motivate them to make changes fast.

  • Becoming an authorized user

By becoming an authorized user of an established account you can increase your credit limit and lower the debt-to-income ratio. This is the perfect way to boost your credit score quickly.

  • Raise your credit limit

Applying for a higher amount of credit from well-established creditor may help in the improvement of the borrower’s credit line. This will be counted in credit score.

  • Negotiate with creditor

Being defaulted on your credit card can be serious harm on your credit report. However, it doesn’t always remain in your credit report. In some cases, a creditor may adjust for long term customers and forgive some late payments. If you are lucky and your late payments are forgiven, it definitely raises your credit score in 30 days.

Top 3 More Ways To Boost Your Credit Score For Long Term:

  • Set minimum payment and repay on time.

To keep your financial track smooth and improve your credit score, make repayment of your loan and credit card bills on time. It will not only boost your credit score but also have more chances of approval.

  • Lower the debt-to-income ratio.

When you are deciding to apply for a loan, a creditor first considers if the borrower can able to make their minimum loans payments. It is a main deciding factor for a creditor to approve or decline a loan request. To upsurge your debt-to-income ratio, first, stop all your card activities and additional borrowing.

  • Take mix debt

If you are always applying for unsecured loans, a creditor may be doubtful to the borrower’s ability to take an installment or secured loan, like a home loan or student loan. Mixing your loan types (secure and unsecured) not only boost your credit score but also make you reliable borrower.

The Bottom Line

Having good knowledge about your own credit score and reports will definitely help in raise your credit score instantly. It can also help you to get payday loans stress-free, even if you have a poor credit score. At Whizzpaydayloans.ca, we understand that everyone facing different types of financial status and we do our best to provide the best online loans for people with bad credit through most trusted direct lenders in Canada.

Related: Does Canada Celebrate Valentine’s Day? 10 Interesting Facts You Must Know!


Phillip Brooks

Phillip Brooks grew up in the countryside of Canada and purse his career in economics. When he get his first salary, Phillip realized that money budgeting is very important. He research on various tips and trick on how to manage finances effectively, and now sharing his advice to public.
Phillip Brooks

Latest posts by Phillip Brooks (see all)