Fast Credit Repair
by WBUR

4 Simple Ways to Raise your Credit Score

Many people are trying to get a low interest loan but are ignorance of the bad credit score they had previously created by default payments. In order to get the best of your loans, you need a healthy FICO score. Even you have bad credit previously, there are ways to improve it overtime. There is no way out other than getting back on track to rebuild your credit history.

One way to repair an unfavorable credit history begins with paying off all the debts that you have previously owed. Regardless of the reasons that have led to your defaulting on your payments, when things improve financially, you can start working your way out of the red into the black again. Please bear in mind even you have start to rebuild credit history, the bad marks may still be on your credit reports. So what can you do? The few steps below will provide a little help if you have not already done so.

Rebuilding credit will take a little while, so you have to be patience. One year is a realistic plan to improve your FICO score. By then you will restore your credibility for any future loans.

Secured Credit Card

You may want to start with a secured credit card. It requires a deposit as your credit limit. Your credit limit will be raised in future if you have shown good financial behavior. It is likely many credit card companies will reject people with bad credit history but secured credit card will help you to recover your credit fast although these cards are not your preferred choice.

Gas Station Credit Card

If you need to buy gas, send your car for service, or make payment for a meal in the gas station, you can consider applying for Gas station credit card. If use it carefully, it can help to rebuild credit history.

Department Store Credit Card

Department store credit cards have their good sides as well. Since the goods sold in a department store are quite varied, you’ll practically be able to buy just about anything you need there. Payment by credit cards is simple but also remember to keep your card balance each time you make a purchase.

Secured Personal Loan

One of the higher risk options are secured personal loans since it involves your property as collateral to the lender and it normally involves larger amount of money. Most lenders favor this type of loans since they are secured against your assets.

Remember do not default on payments under any circumstances, even on small loans. One thing most people can easily forget is to pay more than the minimum payments each month if you could not afford to pay off the credit card. It helps to reduce debts and interest you have to pay later.

Please bear in mind your credit cannot be fixed overnight or even over a very short time. Be realistic and slowly wait for the time to come. Anyone who claims they can restore your credit trustworthiness in no time is at least nave, if not deceitful. But, with patience and consistent compliance with your payment duties, things will get better.

Fast Credit Repair