Saturday, 28 November 2020

Rebuild Bad Credit Fast and Improve Credit Score

Rebuild Bad Credit Fast and Improve Credit Score
31 Aug
5:37

Having a good credit score is an important part of being able to apply and get approved for mortgages, credit cards, or loans The first thing you should do is get copies of your credit reports and look them over for mistakes

The second thing you should do is check to see if you have any payments you're late with, or if you have unpaid balances Catch up on any late payments as soon as you can If you can't pay the full amount, ask for a payment arrangement and pay at least the minimum amount If you're behind on loans, look into loan refinancing Once you're caught up, look into applying for credit cards that are designed for people with bad or fair credit

Secured credit cards are also something to research because they'll add revolving accounts to your credit history As your score is going up, apply for a small loan to add installment accounts to your credit history These two types of accounts will show a credit mix on your credit report Finally, developing good spending financial habits is a must to continue your credit building A budget and emergency fund are must haves for any household

Source: Youtube

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