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How to Use Rapid Rescore by SkyBlueCredit.com

Read Full Article Here: https://skybluecredit.com/credit-score-tutorial/using-rapid-rescore/

The Instant Solution

Rapid Rescore is a process offered only by mortgage originators. credit repair organizations do not provide the service. Rapid Rescore allows mortgage applicants the opportunity to update the content of their credit reports – typically within 3 business days. Once the content of the reports is updated, new scores are generated immediately. This saves the amount of time it would normally take for the creditors to update the credit bureaus; often as long as 60 days.

Rescore Requirements

In order to take advantage of Rapid Rescore you must be able to provide your mortgage originator with clear documentation from the creditor of the new information that you would like reported. Rapid Rescore is ideal for prospective borrowers who are in a position to reduce their revolving balances but who would rather not wait for the new balance to be reported in the normal course of business. Clear documentation in this case would entail a letter from the credit card company including your name, account number, and new balance.

Other Applications

Rapid Rescore is also good for forcing the correction of any derogatory information such as collections and public records, as long as you are able to provide clear documentation directly from the creditor or reporting entity.

“How To Rapidly Rescore Your Credit” by CBS News

Read Full Article Here: https://www.cbsnews.com/newyork/news/how-to-rapidly-rescore-your-credit/ NEW YORK (CBS 2) – When Deborah Davenport found the home of her dreams, she ran into a problem that many Americans face everyday: a low credit rating. Without the credit to back her up, she was dealing with an uphill battle and potentially could have lost the house to another …

“Just Approved: Rapid rescore saves homeowner hundreds per month” by SFGate.com

Read Full Article Here: https://www.sfgate.com/realestate/article/Just-Approved-Rapid-rescore-saves-homeowner-14079114.php July 8, 2019 Mortgage adviser: Dominique Stevens, Mayfair Mortgage. Backstory: We helped a couple purchase their Oakland town home in the fall of 2018. They recently reached out to us to find out about the dip in interest rates, and how it might affect their monthly payments. With rates hovering …

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