Cleaning a Messed Up Credit History


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. 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. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Cleaning a Messed Up Credit History

Cleaning a Messed Up Credit History

Updated: December 26, 2012

The content is accurate at the time of publication and is subject to change.
The convenience brought about by the use of credit card can also be scary. The tendency to be "shopaholic" is just around the corner if we hold a plastic card instead of a hard cash when we go on shopping. This is not new especially for those who have earned overwhelming cuts of credit card debts. The pilling up of credit card debts must not be ignored for it can give you a bad credit history. Credit records are including in its list all your credit transactions thus it will reflect delinquencies in payments, bankruptcies and even the times when you have maxed out your credit cards. All of these and other irresponsible purchasing and consuming behavior could hurt your credit score which represents your credit worthiness as a person. A low credit score derived from a bad credit history could actually make you upset in several ways in different areas of your life. The main difficulty one with bad credit history would face is of course in the field of borrowing. Indeed future plans of borrowing some amount of money is primarily influenced by your current credit score. Denial or your application to borrow is most likely to happen given your bad credit history. In addition to this, your plans of applying for a loan can also be hurt by being a delinquent payer. Financial institutions and banks review your entire crediting history before they grant your application and since your record already defined your "unworthiness" in credit-related-matters; your loan application is more likely to be rejected. Your employment can also be affected by this negative credit records given that employers nowadays check not only your diploma or job history but also your credit reports and this can directly influence the decision if you are to be "hired" or "never mind". For those who are currently employed you are not safe yet for your dream of promotion can be put down just by having a bad credit record. These are just some of the ways in which your bad records can negatively influence your entire life and you do not want any of these. So what should you do? Cleaning your messed up credit record will necessitate you to focus on the things to which you have direct control with. First, since all of the transactions made with your credit card will later come in a single statement you must take time to review it thoroughly and report suspicious transactions. In relation to this you must keep all receipts of all the transactions you have made so you will have supporting documents if anything goes wrong. Second, if you have a hard time budgeting before thus messing up with your credit record. Start improving these messed up things. Start investing on a good record by using credit as often as possible. This does not mean adding more expenses rather using the credit lines to pay your regular bills on time. By doing so you are turning your bad record into a good one.

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:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... 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!