Is Experian Boost Legit and How Does It Work?
There are millions of people who are concerned about their credit scores. They may have taken on more debt than they can handle, and it can become extremely challenging for them to raise their credit score over time. Most of us are aware that building a strong credit score can lead to a better financial life, but not everyone knows the ways to get there.
You may have heard that Experian Boost can help you raise your credit score. However, does it actually work?
What Does Experian Boost Do?
One of the first things that you will hear about through the Experian Boost reviews is the fact that it can help users boost their credit score by linking an online bank account to their credit reports to help show additional on-time payments that they might not otherwise have been credited for. Indeed, on-time payments account for a major part of one's credit score.
Here are some of the factors that weigh heavily on one's credit report:
|Payment History||Shows whether you make on-time payments|
|Credit utilization||Shows how much you owe on credit cards and loans|
|Hard credit inquiries||Include any new applications for loans or credit that you have made in the last year or so|
|Length of credit history||Your history of making timely payments|
All of these factors are important when calculating one's credit score, so it is important to try to bolster these numbers as much as possible. Experian Boost can help people get the credit score that they truly deserve by offering them a boost to their rate by making sure all of their accounts are being properly tracked and all on-time payments are recognized.
Why Is a Strong Credit Score Important?
Some people may not realize the magnitude that their credit score can have on their life. They may not have received the proper financial literacy education about why things like this matter, but they do matter. The fact is, a strong credit score can be useful when acquiring other forms of debt. For example, most people will have to borrow to be able to afford the following things:
- A house
- A car
- Their wedding
- Medical bills
The list goes on and on. If one does not have a credit score that is strong enough to acquire more forms of credit, then they may find themselves in a position where they simply cannot borrow the funds necessary to obtain those important elements of life. Some things in the list are more essential than others, but all of them matter to some extent.
Failure to work on your credit score could mean that you are denied the funds necessary to make purchases such as these. It can be both upsetting and discouraging at the same time.
Boost Your Credit Score With DoNotPay
Here are the 4 ways DoNotPay can help you clean up your credit report:
- File a Goodwill Removal Request Letter
- Send a Credit Dispute for Inaccurate Reports
- Submit a Debt Validation Request
- Mail a Pay-to-Delete Negotiation Letter
If you want to clean up your credit report but don't know where to start, DoNotPay has you covered in 3 easy steps:
- Search Clean Credit Report on DoNotPay.
- Prepare a recent copy of your credit report that you can use as reference.
- Let us guide you through the 4 potential options:
- If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.
- If you notice any errors in your report (we have a list of common errors you can use!), we'll help you file a credit dispute to the creditor or major credit bureaus.
- If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report and they can't collect it!
- Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.
What Else Is DoNotPay Useful For?
Cleaning up your credit report isn’t the only product that DoNotPay offers; the world’s first robot lawyer can also help you in a wide range of issues. For example, it can help you
- Increase Your Credit Limit In No Time
- Get Free Trials Without Giving Your Credit Card Information
- Make Money Online Effortlessly
- Sign Up for Sweepstakes In One Click
Join DoNotPay today to boost your credit score!