Rebuild Your Credit

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.

Rebuild Your Credit


Updated: September 27, 2018

The content is accurate at the time of publication and is subject to change.
Rebuild Your Credit
March
13

Can I get a new line of credit if I have bad or no credit? What can I do to rebuild my credit rating and how long will it take me to do that? These and many other similar questions haunt consumers who have a damaged credit history as a result of consistent non-payments or/and a bankruptcy.

Although it is true that a bad payment history prevents consumers from getting the lowest interest rates and most attractive fees on credit cards, mortgages and auto loans, it is still possible to find a bank willing to lend to you at agreeable terms. Many finance companies have special term car loans and mortgages for people with a less than perfect payment history or no credit at all.

However, rebuilding credit is a must if you want to benefit from the best credit deals available on the market. An excellent way to get started is to obtain a new line of revolving credit which helps you rebuild

your score. Today, a great number of banks offer special credit card applications which help people rebuild their rating. So, if you are currently looking for ways to improve your records, you can easily find a proper deal.

A fast and easy search on the Internet will reveal a whole range of unsecured and secured cards for people with bad credit. Plenty of the unsecured card deals offer decent interest rates and moderate annual fees so you can save on your monthly bills while gradually increasing your score.

In addition to the reasonable pricing, a cardholder gets a manageable credit line which can range from $250 to $3,000. This is a smart way to enable the person to finance necessary purchases without accruing much debt.

Reasonable pricing, as well as low credit lines, provide for a safer, easier and cheaper credit repair process. All that is required of you is to take advantage of these features on your way toward having a better credit history. It may take a year or even more of responsible card use to rebuild your credit and prove yourself a good risk for a lender.

Sometimes you may give way to despair and lose hope of recovering your creditworthiness. At these moments you should always encourage yourself to continue working on your credit. Remember that after a while of showing disciplined spending habits and responsible credit management, you'll be able to take advantage of the temptingly attractive benefits available to good/excellent credit consumers.

The benefits of good credit are obvious. You can apply and get approved for the best credit cards, low interest mortgages and car loans. You can take advantage of various rewards programs, such as cash back, frequent flyer miles or points rewards, available on premium credit cards. Furthermore, you have more chances to find a prestigious and well-paid job than those with less stellar credit.

All these benefits are certainly worth the time and effort it takes to rebuild your credit. So, start today. Use the Internet to find the best card to help you get on the road toward building the better credit you deserve!

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!