Rebuild Credit

7 Ways to 

Rebuilding your credit can be tougher than starting from scratch. you can begin to set some small, achievable goals for yourself.

Credit Report

1. Check your 

Start by making sure errors on your credit reports aren’t holding you back. Correcting a big mistake in your report has the potential to add points quickly.

time

2. Pay on

Pay bills and any existing lines of credit on time if you possibly can. Paying only the minimum amount is fine, if that is all you can manage.

credit card

3. Get a secured

These cards require a deposit upfront. That deposit is typically your credit limit, but then they work like any other credit card.

credit limit available

4. Try to keep most of

Going no higher than 30% of the limit on any card, and lower is better for your score.

credit builder loan

5. Get a

In credit builder loan, the lender holds onto the your asset or fund, as you repay, then releases it to you once you have fully repaid the loan.

authorized user

6. Become an

You can ask someone to add you as an authorized user on a credit card. Your credit benefits just from being on the account; you don’t have to make any charges or access the account.

7. Get a co-signer 

If you’re having a hard time getting access to credit, ask a family member or friend to co-sign a loan or credit card.

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