Your Guide to Building and Improving Your Credit Score

credit fix

Having good credit makes life a little bit easier on a few different levels, including saving money! You’re more eligible for better interest loans and financing options, for one. For two, within that eligibility lies a world of opportunity when it comes to buying a car or financing a home loan.

But, what if you don’t have good credit?

Then, you need a credit “fix” model to help guide you through the necessary steps to obtain and maintain good credit standing. You can always contact a credit repair expert, but it’s still a good idea to know what it takes so that you can be better prepared for the process.

The worst thing you can do is stick your head in the sand and ignore your credit rating. You must be proactive and willing to give it your best effort. It takes some work, but it’s worth every last push until the end.

Check Your Credit Report

One of the first and most important things you can do while preparing to rebuild or repair your credit is to check your credit report. You can request a free copy from each of the three separate credit bureaus (Equifax, Transunion, Experian) once per year. You may also sign up for free credit reporting websites to help you monitor your Equifax and Transunion scores.

Check your report for errors and dispute ones you find. You may have to dispute errors three separate times or more in order to have them completely removed from your credit report. Otherwise, make sure everything is accurate and look for areas where you need to improve.

This is a good time to set a budget based on your debt. Your credit report provides a simple snapshot of what you owe so you can set your finances accordingly.

Fix Late Payments

If you have late payments on your credit report, now is a good time to contact the creditors and see how you can have them removed, updated, or fixed. If you’ve only had one late payment with a particular creditor, they may be more inclined to remove it as a courtesy.

If you have several late payments showing on your credit report, you may have to sit tight and allow them to age before they stop affecting your score. The important thing is not to be late on any future payments so that you can rebuild your credit reputation.


When you’re trying to repair your credit, you need to have a defined budget in order to ensure that you’re making payments on time and knocking down debt.

Consider making a handwritten list of all your bills and write the math down so you can see what you make and what you owe. You can also use spreadsheets or other finance programs and apps to help you stay on track.

Pay Down Debt

Of course, part of having good credit is actually not carrying a lot of debt. You need to pay off credit cards and loans in order for your credit rebuilding efforts to work.

Try paying small balances off first. You’ll feel accomplished each time you reach a goal and it will make paying the larger balances off easier in the long run. You can use those funds from the small balance accounts to knock down the larger balances faster.

Pay On Time

Whatever you do, don’t miss payments or make late payments. Set up payment reminders if you have to or have payments automatically deducted from your checking account.

Just one late payment will impair your credit score so it’s important to have your monthly budget set up around your income. Meaning, make sure your payment dates revolve around your paychecks. You can often work with creditors to select payment dates that work with your schedule.

While credit cards don’t allow grace periods, you can ask loan companies how late they’ll accept a payment before reporting it to the credit bureaus if you’re in a tight spot one month.


Collections can stay on your credit report for up to seven years. It’s important to consult a professional credit repair company first before paying off collections! If you would rather just pay the collection accounts off, ask to have them removed from your credit report when you do. However, old collection accounts should be left alone.

It can actually hurt your credit score to pay on a collection account that is nearing the seven year mark on your credit report or has passed this timeframe. It only proves to the credit bureaus that you are admitting to the debt after it has been dormant on your credit report. Paying off recent collections will reset the date of last activity and actually stay on your report longer than had you left it alone, affecting your credit score.

Keep Balances Low

Another important factor on your credit rating is the amount of credit you are utilizing at any given time. Try to keep your balances below 10% total usage. Also, try not to use more than one card at a time.

If you do have an expense that you need to use your credit card for, use the card that you already have a balance on. Preferably, this card should be your lowest interest rate card.

Don’t Open New Accounts

Do whatever you can to avoid opening new accounts while you’re in credit rebuilding mode. Hard inquiries on your credit will bring your score down. Not to mention that creditors are suspicious of consumers opening several accounts.

Stick with two to three credit cards (not store cards) and one loan (auto) so that your credit has something to build on. You shouldn’t need more than one credit card for emergencies. And, you shouldn’t rely on your credit cards for financial support.

Rate Shopping

If you do find yourself in need of a loan, such as an auto loan, do your rate shopping all at once. Don’t allow your credit to be pulled over the span of several months, but try to keep it within a specified time frame of two weeks to one month, instead. Remember, hard inquiries count against your credit score.

When you have all of your credit reports pulled within a specified time frame, it can be reflected as only one hard inquiry, instead of several. If you’re shopping for a car or personal loan, it’s best to wait to have your credit pulled until you’re ready to make a purchase.

Re-establishing Credit

If your credit score has fallen into the poor category and you need to completely re-establish credit, there are a few options. The first thing you should do is open a secured credit card. These cards are designed for people that have no credit or need to rebuild their credit with no positive credit history.

Secured credit cards work much like a traditional credit card in that you are able to use it anywhere credit cards are accepted. They typically report to the credit reporting agencies, but its best to find out first if they report to all three bureaus. The only difference between a credit card and a secured credit card is that you pay a deposit up front, usually in the amount of the credit limit.

Some secured cards offer credit lines above your initial deposit amount, typically $350-$3500 depending on your credit history. You are securing the financing with your own funds up front in exchange for use of the credit card. You may later become eligible for a traditional card with your lender with responsible use.

New Credit

You should really only apply for new credit as needed. This means that you should avoid new credit card offers, especially at retail stores. The discount for opening a new card may be appealing in the heat of the moment, but your credit score will be affected.

A good budget doesn’t require the use of much credit, anyway. Use your credit wisely and you won’t need new credit accounts.

A Credit “Fix” Takes Time

The most important thing to understand about fixing your credit is that it takes time. Depending on the severity of negative remarks on your credit report will also depend on how long it takes you to rebuild it.

You also need to build a strong credit age. This means that you should leave older accounts open even if you’re not using them. Credit agencies will see your available credit history as a positive indication of your financial stability.

Otherwise, you mustn’t expect a credit improvement to happen overnight even if you’re paying off debts and taking all the necessary measures to keep it clean. With due diligence and a little patience, you’ll see improvement sooner than you may think.

A Credit Rebuild Is Just What You Need

Remember, there is no quick credit fix method. Any company that represents they are able to help you improve your credit super fast is simply not telling the truth. Beware of these scams and be patient instead. Remember, it took time to decrease your credit score so it will need some time to increase.

Be careful not to make mistakes with your finances that may damage your credit further. Especially if you have several issues with your credit, it may be a good idea to seek the help of a legitimate credit repair agency. These programs are designed to help you remove, update, or fix damaging items from your credit report and should provide some credit education to not just obtain, but maintain good credit as well.

Keep these tips in mind while you work to rebuild your credit. All you have to do is make a dedicated effort and you should find success.

When you’re ready to put your credit rebuilding hat on and get down to business, or if you have questions, feel free to get in touch. We have a dedicated team of specialists standing by.


  1. inpatient on July 16, 2019 at 4:07 am

    Hi there, I discovered your site via Google at the same time as searching for a similar topic, your site got here up, it appears great. I have bookmarked it in my google bookmarks.

  2. Amara on August 15, 2019 at 4:44 am

    Hi, very nice website, cheers!
    Need cheap and reliable hosting? Our shared plans start at $10 for an year and VPS plans for $6/Mo.
    Check here:

  3. Crave Canada on September 15, 2019 at 10:04 am

    Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but other than that, this is wonderful blog. An excellent read. I’ll definitely be back.

  4. learn the facts here now on September 16, 2019 at 4:49 am

    You are my aspiration, I own few web logs and very sporadically run out from to post .

  5. official statement on September 18, 2019 at 8:14 am

    naturally like your web-site however you need to test the spelling on several of your posts. A number of them are rife with spelling issues and I find it very troublesome to tell the truth on the other hand I will certainly come back again.

  6. browse around these guys on September 20, 2019 at 6:57 am

    It’s a pity you don’t have a donate button! I’d most certainly donate to this fantastic blog! I guess for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to new updates and will share this website with my Facebook group. Chat soon!

  7. straight from the source on September 21, 2019 at 8:50 pm

    I think this is among the most important info for me. And i’m glad reading your article. But should remark on few general things, The site style is ideal, the articles is really nice : D. Good job, cheers

  8. source on September 22, 2019 at 9:04 am

    What i do not realize is in truth how you’re no longer actually much more well-preferred than you may be now. You’re so intelligent. You know therefore considerably in the case of this topic, made me in my view imagine it from so many numerous angles. Its like women and men don’t seem to be interested except it is one thing to accomplish with Woman gaga! Your individual stuffs outstanding. At all times handle it up!

  9. Luneta Auto on September 27, 2019 at 4:18 pm

    Along with everything that seems to be building inside this subject matter, a significant percentage of opinions happen to be somewhat radical. Having said that, I am sorry, because I can not give credence to your entire plan, all be it refreshing none the less. It looks to me that your remarks are not entirely rationalized and in actuality you are generally your self not even wholly convinced of the argument. In any case I did take pleasure in reading through it.

  10. eco window systems on September 29, 2019 at 8:51 am

    Hello there! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My blog looks weird when browsing from my iphone. I’m trying to find a template or plugin that might be able to correct this issue. If you have any recommendations, please share. Cheers!

  11. tenant background check on October 5, 2019 at 2:34 pm

    Hi there! I know this is kinda off topic but I was wondering which blog platform are you using for this website? I’m getting tired of WordPress because I’ve had problems with hackers and I’m looking at alternatives for another platform. I would be awesome if you could point me in the direction of a good platform.

  12. Pixel Link on October 7, 2019 at 3:15 pm

    I couldn’t resist commenting

  13. CBD ONLINE on October 7, 2019 at 6:20 pm

    Just wish to say your article is as amazing. The clearness in your post is simply cool and i could assume you’re an expert on this subject. Fine with your permission allow me to grab your feed to keep updated with forthcoming post. Thanks a million and please carry on the gratifying work.

  14. stor casino bonus on October 7, 2019 at 9:41 pm

    Loving the information on this site, you have done outstanding job on the posts.

  15. look at this now on October 10, 2019 at 2:21 pm

    Wow that was odd. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say fantastic blog!

  16. career on October 10, 2019 at 6:52 pm

    Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.

  17. lares trek on October 12, 2019 at 2:51 pm

    My brother recommended I might like this website. He was entirely right. This post actually made my day. You can not imagine simply how much time I had spent for this information! Thanks!