If you clicked on this article, we are sure you’re here to find a way to try and fix or improve your credit rating somehow. Whether you are trying to improve your credit in order to purchase a home, car or just looking to hit that elusive 800 perfect score–we hope these 5 tips can somehow help assist you in the right direction.
5. Where to start?
Sometimes we try our best to manage a budget or save for a rainy day, but are unable to control our circumstance or situation for whatever reason. In order for us to get by, we need to use a credit card or loan to help our financial situation for the time being. As you are looking up your credit score and not sure what type of card to get, whether it’s a Visa, Mastercard, Discover, Amex, etc. Where do you even begin?
I was scrolling around and found a forum section where other people gave advice on how to rebuild or repair their credit.
I was once in that situation and in the past two years have been able to rebuild my credit and pull myself out of a financial rut. My journey began when I went to myfico.com and was trying to figure out this whole credit score thing. I was scrolling around and found a forum section where other people gave advice on how to rebuild or repair their credit. I somehow wish I had someone to mentor or guide me in this mysterious credit world, but fret not–this is why I am writing up this article.
4. Research Credit Rebuilding
The best way to get started is to sit down and find some information on how the credit rating system works. I started most of my research at the MyFICO community forums and was able to get introductory credit card to begin my rebuilding journey. There were many other people that were in the same shoes I was and by reading up about their rebuilding journey, I was able to start somewhere.
3. Find an Introductory Credit Card
Whether this is a secured or unsecured credit card, it’s the quickest and easiest way to begin rebuilding. I was able to get my foot in the door with CapitalONE and they’ve been such a godsend on my credit rebuilding journey. Two years later, I am now also a member of the AMEX family, slowly and responsibly enjoying my new credit journey.
2. Maintain and Use Credit Responsibly
Once you are able to get an opportunity to start using credit, make sure you do so responsibly, otherwise you will be back to square one again. It took me a few months to get use to it and started seeing drastic improvements in my credit score rating. Don’t obsess over the number, but rather keep an eye on it so you are seeing slow and steady improvements in your score!
Once you are able to get an opportunity to start using credit, make sure you do so responsibly, otherwise you will be back to square one again.
1. Learning About Points and Save With Responsible Credit
After all, this is the whole point of rebuilding and maintaining high credit scores! The day when you can actually start using credit to save money through cash backs or travel points can’t get any better. It’s the greatest feeling and will hopefully help you make life’s journey flexible and beneficial.