123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

How To Rebuild Bad Credit

Profile Picture
By Author: Maritime Car Loan
Total Articles: 2
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Rebuilding credit is a lot like losing weight – you start with a definite plan but lose track midway. It takes a lot of time and patience to improve your credit score. Do not attempt some of the quick fix solutions often advised on the internet. Instead, use some of these tried and tested ways:

• Pay Existing Loans On Time:

Making your monthly payments on time is the single most factor affecting your credit score. This is especially true when you’re planning on rebuilding your credit. If you are a forgetful person, set up a planner that allows you to organize payments on time. And if your bills have gone to a collection agency, focus your attention on the ones where you have a good standing. Collection agencies try threatening tactics, but paying them is not as important as paying bills where you have a good account standing.

• Choose A Car Loan:

Applying for a car loan when you’re in debt may seem counter-intuitive, but this is the easiest way to build credit. Car loans are considered installment loans or close-ended accounts. Such loans are for a fixed amount with no scope for further ...
... borrowing or repayment, i.e. you borrow and repay a fixed amount every month. It also establishes your ability to borrow and repay a large sum of money within a fixed time, thereby building your credit faster. Look for companies that offer bad credit car loans, or no credit car loans. Shop around for deals that allow cashback offers and other discounts.

• Choose a Secured Credit Card:

Start afresh with a secured credit card wherein you will have to deposit a fixed amount of money as collateral before borrowing. But before you choose a card, make sure that they report payments to credit bureaus and avoid using more than 30% of your credit limit.

• Seek Help from a Credit Counsellor:

If you aren’t good at managing finances, or have a tough time resisting the urge to spend, hire a credit counsellor. They’ll help you plan expenses and contribute towards maintaining a healthy budget.

Total Views: 279Word Count: 345See All articles From Author

Add Comment

Business Articles

1. Lucintel Forecasts The Global Satellite Operations As A Service Market To Grow With A Cagr Of 13.3% From 2025 To 2031
Author: Lucintel LLC

2. Lucintel Forecasts The Global Satellite Operation As A Service Sale Market To Grow With A Cagr Of 13.5% From 2025 To 2031
Author: Lucintel LLC

3. Ticket Booking Api
Author: RishiHassan

4. Jewelry Photo Magic: Unveiling The Tricks Of Professional Editing
Author: ukclippingpath

5. How Outsourced Accounting Services Improve Cash Flow Visibility
Author: Harsh Vardhan

6. 5 Ways To Make Homes Safer For Seniors
Author: Jack Jones

7. اكتشفي أناقتك مع متجر عبايات: دليلك للتسوق المثالي
Author: Max

8. When Is Assisted Living Needed? 5 Signs To Watch Out For
Author: Jack Jones

9. How To Document Nonconformities In Iso 22000 Audits
Author: Jane

10. Elevate Your Career Opportunities With A Supply Chain Management Certification
Author: jayesh

11. Kpi Vs. Okr: Understanding The Difference For Smarter Goal Setting
Author: TrackHr App

12. Explore The Fascinating Businesses And Landmarks Found Along Luz Church Road
Author: jayesh

13. High Temperature Superconductors Market Size & Share, Analysis 2031
Author: Andy

14. Maximize Medical Practice Profits With Expert Revenue Cycle Management In Houston
Author: patriotmedbill

15. Enhancing Quality Of Life: The Role Of Senior Living Property Management Companies
Author: Trinity Diaz

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: