Pointers on How to Repair Bad Credit

Are you suffering from poor credit? And are you convinced you need to attain complete credit repair, as soon as possible? If you answered “YES” to these two questions then, we encourage you to employ the suggestions we have listed below. We firmly believe that by doing so, you can gradually fix your credit history, on your own, without shelling out way-too-much cash on credit counseling services.

1. Obtain the most recent copy of your credit report.  Order a copy of your report from the three major credit bureaus.  This way, you can be sure that your file does not contain errors or misinformation which could be causing more damage to your personal rating.

[TIP: How to Get Your Free Credit Report]

2. Send a letter to the bureau. If you find errors or inaccuracies in your credit report, you should immediately send a letter to the bureau that issued your report. Upon receiving your letter, the bureau will conduct an investigation into the matter and if your dispute has been found valid, the errors in your report will be corrected.  You will also receive an updated copy of your credit report for free.  Taking this important step can instantly raise your credit score by a few significant points.

[STEPS:  Disputing Credit Report Errors?]

3. Consider the available credit options for repairing bad credit. There are tools that are specially designed for repairing bad credit.  One example is the secured credit card.  Also referred to as a bad credit credit card, approval for a secured card is not based on credit history but on the applicant’s capability to submit the required deposit. The deposit will be used as security for the debts.  By acquiring a secured card, you can prove that you are capable of managing credit through timely submission of your payments.

GOOD READ: Improve Poor Credit Rating with Bad Credit Credit Cards

4. Do not submit multiple credit applications. If you would like to apply for a bad credit loan, do not try your luck by submitting multiple applications to different lending companies at once. Doing so will only cause damage to your credit score as each credit inquiry made by a prospective lender in response to your application can cause your score to drop.  If your application gets rejected, your credit score will drop even more.

Do extensive research and comparison before making a choice. Then you can submit your application to your chosen lending company and wait for a response.

Should You Have Multiple Credit Cards

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

3 Comments
  1. I simply couldn’t leave your site before telling you that I really enjoyed the quality information you offer to your visitors Is going to be back often to check up on new posts

  2. •“Nice Post. It’s really a very good article. I noticed all your important points. Thanks”

Leave a reply

NHBS Inc © 2024

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

NHBS Inc © 2022

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

Business Loans

Consumer Loans

New Horizon
Logo
Enable registration in settings - general