If you have a bad credit history, you must have noticed that many companies think of you as an undesirable customer solely based on issues from the past. It is important to address these issues right away. Otherwise you will be stuck with the tag of having bad credit. We want to help you. However please remember that building your credit from down up is not an easy task. There are a few steps that you could take that would help you in your mission. Below we have listed some of these out.
• Be sure to check your credit often. Review your credit on a monthly basis just to make sure that nothing has gone astray and things are where they are expected to be.
• Never max out a credit card. This is looked at as a complete flaw. You should probably use about 10-25% of the credit that you have been offered. This ensures that even in the worst case scenario, you have to repay an amount that is not exorbitant and be done so in an easier fashion.
• Don't stop using credit. One of the only sure shot ways to build your credit history is to continue using credit. However, you have to be certain to repay the correct amount at the correct time. Make sure you don't fall into the same issues again.
• Make sure all the information is correct. If information like your name, address etc are wrong, then your credit history could be negatively affected for no real reason.
• Dealing with debt collectors is extremely difficult. However, learn to bargain with them. If you have reached a point where you cannot pay the asked for sum, give them a counter deal and see if you can get the debt wiped off your credit history.
• Do not constantly apply for more credit. Every single time you apply for an increase in credit, your credit is affected.
• Get a secured card. Getting a secured card is a great way to build your credit. This is because you are putting up some money as a deposit and security. This gives the bank enough faith that you will repay the credit offered to you and if you don't, the deposit is theirs.
There are several websites set up dedicated to learn more about how you can better your credit history. If you are interested in doing so, please read about it here.