Handling Bad Credit History And Working On It

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Handling Bad Credit History And Working On It

Handling Bad Credit History And Working On It


Updated: December 26, 2012

Add to Favorites:
Credit cards can be a huge disappointment or one of the best bets of your life depending on how you use them. If you know what to do with your credit cards and how best to put them to use you can build a good credit history and excellent credit scores that will make things easier for you in every aspect of life. Credit cards can make life so much easier; they are also a great way to earn wonderful discounts and points on your purchases. They give you an added reason to love shopping. You need to keep track of how much money goes into your monthly credit card payments. If you find that a large chunk of your income is going into closing the monthly outstanding balance on your cards you are definitely in credit card debt. But you can work it out! If you continue to miss payments or become late on the card then you will end up with a bad credit history! If you have decided to end these days of debts and problems and wish to sort things out you need to start at the beginning. You have to first sort out all your balances, there is no need to keep a pending balance every month to maintain your credit history. Contrary to a false belief, it is much better for your credit scores when you close the entire outstanding balance in one shot. One major part of credit card spending for the average family is on groceries. People end up picking up a lot of different branded processed foods which adds up the tab a lot. What you can do is cut down on unnecessary purchases, besides it is also a good idea in terms of your health to cut down on processed foods. Take a look at the food purchasing habits you have, when you look through your list you will be able to see that a large chunk of the stuff in your bill is impulse buys. When you see a new product or a free tag you end up picking up things you do not need. Or you may have been adding up unnecessary tabs in order to claim reward points. Do you keep getting those messages when you are close to a reward and end up bingeing? Then stop using the rewards card, you can also cut down on the interest rates and annual fee that way. If you really want to work things out and start off on the right foot about your spending habits now is the time. If you make a conscious decision to change your bad credit history you can definitely make things work. Bad credit history is a problem many have to deal with and if it has been because you are simply unable to meet with payments on your card due to high interest rates then you could consider doing a balance transfer. If you choose a card with low interest rates you stand a good chance of recovering from your debt and being on the way to a debt free life.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your choice, ... Continue reading
How To Choose The Best Credit Card For Everyday Spending

How To Choose The Best Credit Card For Everyday Spending

Posted: June 21, 2017

When you reach for your wallet to pay for groceries, gas, dinner out, or any other everyday purchase, are you searching for cash, a debit card, or a credit card? Many people hesitate to charge this type of everyday spending to a credit ... Continue reading
How to Save Money. Best Credit Card Deals and Tips.

How to Save Money. Best Credit Card Deals and Tips.

Posted: June 20, 2017

We all've been through or may find ourselves in such an emergency when money is needed immediately. Lucky you are if you have savings for unexpected expenses. If not, it's never too late to start saving money. There are different ways to ... Continue reading