How to Rebuild Bad CreditPosted on January 8, 2010
When you hire Trinity Credit Services to repair your credit by getting rid of the negative credit report information your credit score is likely to go up. In some cases you will need to repair your credit and build your credit to raise your score to a level high enough to get loan approval and better interest rates. Getting started might be difficult, but once you begin to build momentum, you’ll be coasting your way to a good credit score.
Get New Credit
If bad credit has left you without any credit cards to use, the first step is getting one. If you’re credit score is low, you’ll have a hard time getting approval from a major bank. Fortunately, you still have some options. Here are some ideas:
- Department Store or Gas Credit Card
- Secured Credit Card
- Your Local Bank Branch
- Find Credit Cards for Bad Credit Scores
Be careful when you apply for new credit. Make sure you don’t put in too many credit applications. It will affect your credit score, making it harder to get approved for new credit.
Watch out for bad credit cards that prey on people with bad credit. These credit cards often have high interest rates and extremely high fees that make credit unaffordable. A lot of people find themselves right back in debt with damaged credit after trying to rebuild with one of these types of credit cards targeting people with bad credit.
You should also avoid prepaid credit cards. While you can get a prepaid credit card regardless of your credit history, they don’t report to credit bureaus so using one won’t help your credit.
Build New Credit Habits
You need to face facts and change your credit-damaging habits with new ones. No more charging for things you can’t afford, making minimum-only payments and skipping credit card payments. You need to stay well below your credit limit and pay your bills on time.
Replace Bad Credit With Good Credit
If practice really does make you perfect, the next step is to put your good credit habits into practice. Your bad credit won’t improve until you show your creditors that you have what it takes to build a good score. That means charging only what you can afford and paying your bill on time each month. During this rebuilding period, don’t take on too many credit cards as it can get hard to manage your balances and payments.
Rebuilding bad credit takes hard work and patience, but you can do it! If you need help repairing your credit, call Trinity Credit Services at 1-888-669-7372 for your Free Credit Report Consultation.