Repair bad credit without external help

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 » Repair bad credit without external help

Repair bad credit without external help


Updated: December 26, 2012

Add to Favorites:

If you think repairing bad credit is a herculean task which you cannot do by yourself, think again! It is not necessary to get help from external agencies to get your financial life right. You can bring about the change by just taking a methodical approach and curtailing your spending habits. You can also save the money that you would have had to pay the debt management agency if you would have gotten their assistance. This money can help you to pay off some of your existing debts and help your credit score to improve.

Get your latest credit report

The first step towards repairing bad credit is to get your latest credit report from one of the credit bureaus. This report contains all the information that you need before you set out to fix your credit. You will get an idea of which aspect is causing your credit score to be low and where to start. Check to see if there is any incorrect information on your credit report. If you find any error in your credit report, you can file a complaint and get it resolved.

Pay off accounts which are long due

A large part of your credit score is dependent on how regularly you make your payments. Irrespective of whether it is your credit card bills, loans or utility bills, everything has to be paid in time in order to stay in the good standings. If there are bills that you have not paid for a long time, you need to pay them off and bring yourself up-to-date on the payments. This will serve as the first step towards credit repair. If you are not able to pay the entire amount, you can call the lender or the debt collector and negotiate on new payment terms so you can make timely payments.

Clear off dues on maxed out credit cards

Did you know that maxed out credit cards are the main reason why credit score drops? If you have credit cards in your wallet that have been maxed out, it is time you start making payments on the card to bring your balance out of arrays. As the outstanding dues on your credit cards go down, your credit score goes up. Also, use your credit card only in cases of dire emergency. Do not use the card to make purchases that can wait. Simple steps like this can help you fix bad credit very early.

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