Tackling bad credit issues with the help of these simple tips


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 bad credit issues with the help of these simple tips

Tackling bad credit issues with the help of these simple tips

Updated: September 27, 2018

The content is accurate at the time of publication and is subject to change.

When you consider the word bad credit history, I am sure it brings up really bad images in your mind. There is so much to deal with in terms of your finances, work, employment opportunities, mortgage and more. Consumers continue to struggle with housing loans and employment opportunities as the economy recovers and bad credit situations are definitely not part of the solution. People are struggling just to make ends meet and additional credit card bills sap up most of their savings. However, it is important to take stock of the situation and work out some kind of solution to the financial crisis you are facing.

Living with bad credit is like being black marked in a number of different places. When you go for a high end job interview, when you want a new car loan or have to renew your insurance policy, bad credit history comes to the picture. You cannot work around it, you have to eliminate it somehow. It is important to make a decision to work your way out of it right now, putting it aside for another day will not make the problem any smaller, in fact, if anything it is bound to grow larger than you can handle.

Many consumers are approaching counseling and debt resolution services to find assistance for their problems. Low credit scores have been something that is a big issue for more than the majority today. One black mark due to a late or missed payment stays on your credit report for seven years. This is often the reason why you are denied a loan, have to pay hiked up rates for insurance or even miss out on a perfectly good job opportunity. You will have to make compromises, to move forward. Begin by considering what expenses you can cancel.

When considering bad credit history, it is important to cut down on the spending and put more into closing the outstanding bills you owe. When you put in the required amount every month, you are in effect making your credit score better. It is important to understand that what matters are timely payments. Many people make the mistake of thinking they can miss a month but pay extra the next one to make up for it. This is a bad idea, because it’s not how much so much as prompt payment that leaves you in good credit standing with banks. Make sure that you are able to pay on time and put aside the necessary minimum amount rather than skip a payment or delay it.

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 Secured Credit Cards: January 2021 – Experts’ Choice

Top 5 Secured Credit Cards: January 2021 – Experts’ Choice

Posted: October 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… Continue reading

Credit Card Tips For Holiday Shopping 2020

Credit Card Tips For Holiday Shopping 2020

Posted: October 15, 2020

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household… Continue reading

Top 5 Soft Pull Credit Cards: January 2021 – Experts’ Choice

Top 5 Soft Pull Credit Cards: January 2021 – Experts’ Choice

Posted: June 3, 2020

When applying for a credit card, you definitely don’t want your credit score to go down. Here, you will find the best credit cards with a soft pull from our partners. An application for such cards won’t make changes to your credit history… 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!