Tackling the problem of bad credit history with success

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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 » Tackling the problem of bad credit history with success

Tackling the problem of bad credit history with success


Updated: December 26, 2012

There are a lot of people who are stuck with the problem of bad credit history. However, you should know that there are measures that are available in order to rectify this problem. Just because you have bad credit, it doesn`t mean that the world has come to an end! You can do a couple of things to ensure that you don`t end up paying more than you should in order to compensate for your poor credit records. Depending on what your situation might be, you could put to use one or more of the following options that are listed below in order to handle the problem. Avoiding missed payments One of the reasons as to why you might have bad credit history is because you had late payments in the past. It would make a lot of sense to avoid these problems and ensure that you don`t have to deal with them again. Whether it was a mistake or not, you should ensure that you don`t miss any payments that might leave your creditors angry and reducing your credit score! If need be, you should borrow and pay the critical loans right away. Reducing number of credit cards Do you have more than 3 credit cards that are active? This might be negatively affecting your credit score and potentially contributing to your bad credit history. Instead of carrying around more cards than you require, it might make a lot of sense to leave the unnecessary cards home ensuring that you don`t end up using the cards needlessly. At the most, carry two credit cards with a reasonable credit limit so that you don`t have issues paying your bills on time. Keeping track of your loans If you have the habit of borrowing a lot, you should also make an effort in managing your loans and ensuring that you are not defaulting on them in any way. Sometimes, you might have inadvertently missed a payment, which can cause serious damage to your credit score and result in a bad credit history. Instead of having to deal with problems of this kind, you might be better off having an automated payment scheme that will handle your payments in a timely manner. In this way, you don`t need to be worried as much about making the payments on time. Thus, if you do your part, you too can ensure that you never really have to struggle as much with bad credit history. In fact, many people consider this to be something very difficult to manage on their own, but the reality is that you should be able to manage it just fine, with minimal problems. Don`t go to panic mode unnecessarily, and take charge before it is too late. Remember that poor credit history doesn`t have to define who you are; it is simply a passing phase that you will eventually get over!

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Posted: February 12, 2018

Days are getting longer, snow is melting and you already feel the lightest breath of warm breeze on your face - spring is here. Summer holidays are looming, and so is Easter with its shopping. You can lift in spirits and let CreditLand ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: February 10, 2018

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Price Protection: Credit Cards That Will Refund a Price Drop

Price Protection: Credit Cards That Will Refund a Price Drop

Posted: February 8, 2018

Those who often find themselves buying stuff and then discovering that they could pay less for the same item they've just bought, will appreciate this credit card benefit – price protection. This is the least known and the most neglected ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!