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How To Fix Bad Credit! 

    Having bad credit can be a frustrating experience, as it can limit your ability to obtain credit or secure loans for major purchases such as a house or car. However, with some effort and persistence, you can improve your credit score and get back on track financially.

Apply for a secured credit card.

The first step to fixing your credit is applying for a secured credit card. A secured card is one in which you put down a deposit in order to secure the line of credit, which acts as collateral. The amount of money you have to put down will depend on how much you want available credit and what kind of interest rate they're offering.

When choosing between different cards, it's important that you find one with low fees and high rewards (like cash back). If possible, try not to use more than 30 percent of your total available balance each month so as not to trigger high penalty rates or fees associated with delinquent payments or late payments. If paying off debt seems overwhelming at first glance, consider using apps like Mint or Credit Karma where all your accounts are aggregated together into one place so it's easier for tracking progress over time!

Talk to a credit counselor.

Credit counselors can help you create a budget and find ways to build your credit score. They can also help you get out of debt, or at least eliminate some of the bad debt from your life. If you have any questions about what kind of debt is good or bad, ask a counselor!

Get on a budget and stick to it.

  • Create a budget. This is the first step to getting your finances under control and improving your credit score. A good way to start is by tracking all of your expenses for one month, then creating a spending plan based on that information. You can do this manually or use an app like Mint or You Need A Budget (YNAB).

  • Make it a habit. Once you have developed a budget and are following it consistently, make sure that it becomes part of your daily routine so that it doesn't feel like extra work! If possible, pay yourself first by putting money away into savings before paying any other bills or expenses--this will help ensure that there's always something left over at the end of each month so that no matter what happens during those 30 days (or even if nothing at all goes wrong), there will always be enough money coming in next month too...and then some!


Ask for a letter of explanation from the creditor or collector.


    A letter of explanation is a written statement from a creditor or collector explaining why you have bad credit. The letter should include the details of your account, including what happened and when it happened. You can use this information to figure out how you can improve your situation so that future creditors will see that you're making progress towards paying off debt or building a stable financial history.

You can request this type of letter by contacting the company directly or sending them an email with your request as well as any other questions or concerns about the account (for example: "What do I need to do next?"). Most companies will provide an answer within 30 days but some may take longer depending on their workloads at any given time; if so, keep checking back until they respond!

Get a secured loan, if necessary.

If you're not able to qualify for an unsecured loan, a secured loan may be your best option. Secured loans are backed by collateral such as real estate or a car. This means that the lender can repossess the item if you don't make payments on time.

There are many types of secured loans: car loans, personal loans and student loans are just a few examples. While these kinds of financing options may seem like they belong in another section of this article (like "how do I get my first credit card?"), they're actually quite helpful in repairing bad credit because they provide borrowers with accessible ways to rebuild their score over time by demonstrating responsible borrowing habits in small increments each month--and since lenders will check your score before approving them anyway... why not take advantage?

Pay off those old debts!

A good first step is to pay off those old debts! Even if the debt is small, it will help to reduce your overall balance and show creditors that you are serious about getting back on track with your finances.

If you're unable to afford paying off the entire amount of a credit card or medical bill, consider negotiating a payment plan with whoever holds that debt. If they agree to accept a lower monthly payment than originally owed (or no payments at all), this can help get them off your back while still allowing them some return on their investment.

If neither of these options works for you--and if the creditor doesn't agree to write off part or all of their investment in exchange for forgiving part or all of what's owed--then just try again next month!

There are many ways to fix bad credit, but it takes time and hard work.


The first step to fixing your credit is to understand how it works.

Your credit score is based on several factors, including the following:

  • the amount of money you owe (your debts)

  • how long it has been since you paid those debts (the length of time since the last payment) and

  • if there are any errors in your credit history that would make lenders think twice about loaning money to you.


We hope these tips have been helpful. If you're still struggling with bad credit, don't give up! You can always ask for help from a credit counselor or financial advisor who can help you find the best way forward towards fixing it.

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