Stop doing what you are doing if you want to change your situation.
This is true for so many things in life and specific to repairing bad credit.
There are two steps you can take to stop further delinquencies on your credit and start to fix your credit.
The two actions you must take are: 1) pay your bills on time and 2) do not apply for accept new credit accounts.
Pay on time.
Even if you are only able to pay the minimum amount, by paying on time you are demonstrating your ability to reliably pay your creditors which is important to improving your credit score and fixing bad credit.
Paying your bills on time can improve your credit score by p to 30%.
Nowadays we are all paying many bills or have a variety of accounts that keeping track of them is not only important but paying them by their due date is essential.
It is easy to forget about an account.
Sound crazy? Have you ever signed up for something that had a free trial and forgot to cancel? Have you ever signed up for a service that bills annually? Have you ever moved and had a bill not be forward by the post office? So start by paying on time and consider using automatic withdrawal or online bill pay from your bank if keeping track of your bills is challenging.
Mortgages, credit cards and car loans are examples where you need to show consistency.
Pay on time for 12 months straight to begin building your credit score.
Do not apply for credit.
Resist any offers you might receive for at least 6-12 months.
Keep any accounts you have paid off for at least a year.
This will help reduce your debt ratio and show that you have been accepted before.
Even if you need more credit, by holding back you will begin to lower your debts that will improve your score while reduce the ration that many creditors place an emphasis on: your debt ration.
Over 5 years ago, a debt ration below 40% was good, however now you should aim for a debt ratio below for 30-35%.
The requirements to get approved for credit have become stricter so you need to tighten up this ratio.
These two steps alone will have a significant impact on how to fix bad credit.
You should follow these two steps by either repairing your credit yourself or hiring a professional who can do it legally, professionally and in a timely manner.
Learn more at FixMyCreditHQ.
This is true for so many things in life and specific to repairing bad credit.
There are two steps you can take to stop further delinquencies on your credit and start to fix your credit.
The two actions you must take are: 1) pay your bills on time and 2) do not apply for accept new credit accounts.
Pay on time.
Even if you are only able to pay the minimum amount, by paying on time you are demonstrating your ability to reliably pay your creditors which is important to improving your credit score and fixing bad credit.
Paying your bills on time can improve your credit score by p to 30%.
Nowadays we are all paying many bills or have a variety of accounts that keeping track of them is not only important but paying them by their due date is essential.
It is easy to forget about an account.
Sound crazy? Have you ever signed up for something that had a free trial and forgot to cancel? Have you ever signed up for a service that bills annually? Have you ever moved and had a bill not be forward by the post office? So start by paying on time and consider using automatic withdrawal or online bill pay from your bank if keeping track of your bills is challenging.
Mortgages, credit cards and car loans are examples where you need to show consistency.
Pay on time for 12 months straight to begin building your credit score.
Do not apply for credit.
Resist any offers you might receive for at least 6-12 months.
Keep any accounts you have paid off for at least a year.
This will help reduce your debt ratio and show that you have been accepted before.
Even if you need more credit, by holding back you will begin to lower your debts that will improve your score while reduce the ration that many creditors place an emphasis on: your debt ration.
Over 5 years ago, a debt ration below 40% was good, however now you should aim for a debt ratio below for 30-35%.
The requirements to get approved for credit have become stricter so you need to tighten up this ratio.
These two steps alone will have a significant impact on how to fix bad credit.
You should follow these two steps by either repairing your credit yourself or hiring a professional who can do it legally, professionally and in a timely manner.
Learn more at FixMyCreditHQ.
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