Summary of How to Rebuild Bad Credit
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Summary of How to Rebuild Bad Credit
All is not lost when your credit goes sour. No matter how far down the road you have gone, you can go back, and there are plenty of resources to help you get back on the road to credit recovery. Give yourself time and use good credit-building skills. In a matter of months, you can begin to look good to potential lenders.
Here are some ideas to help you along.
Practical Ideas I Can Start with Today
- Obtain my credit report from all three credit bureaus once per year.
- Dispute any mistakes in my credit report, and add any missing positive information.
- If I don’t have a credit card, apply for one, even if only from a gas company or retailer.
- Use my credit card every month. Make small purchases and pay them off to show I can handle credit responsibly.
- Do not use my card for routine purchases unless I pay my balance in full each month.
- If my credit is bad, take some initial steps to build it up, such as opening a savings account or getting a retail-store card.
- Do not use my card for routine purchases unless I pay my balance in full each month.
What you have learned
- Issues for Those with Bad Credit
- Using Credit Wisely
- Fixing Errors on Your Credit Report
- Improving Your Credit Report
- Getting Credit and Credit Cards When You Have Bad Credit