How Do I Fix My Bad Credit History

A bad credit history can impact many aspects of your life and drain your bank account in the process. The best thing you can do with a bad credit history is to hire a reputable credit repair company to remove what they can, while boosting your credit score with BoostMyScore.

Sometimes, it can be difficult to know where to start. Professional help can often streamline the process and put your credit on the road to recovery. For the best results possible and a positive impact that is virtually immediate, utilize the “roundhouse” or “one-two punch” approach.

Impact of Bad Credit History

Borrowers with bad credit histories may be offered credit cards with high interest rates and more fees and costs. While it isn’t impossible to get a credit card, auto loan, or mortgage, with a bad credit history, the loan term will be much more expensive. A great way to mitigate some of these financial obstacles is to utilize the piggybacking services provided by BoostMyScore, which can have a direct impact on your credit report, before you seek financing.

Whether you’re starting a business, hoping to buy a house or a new car, the combination of BoostMyScore and a credit repair plan can greatly improve your chances of securing the credit you need.

Repairing Bad Credit History

In addition to utilizing BoostMyScore, taking a proactive and strategic approach to repairing your credit completes the “roundhouse” strategy. First, you need to understand the information that is contained on your credit report and verify whether that information is up to date and accurate. If you find erroneous information on your credit report, it is important to dispute that information with the credit bureaus.

Making payments on time every month is critical to boosting your credit score in tandem with using BoostMyScore. Your payment history is the basis of 35% of your FICO® score calculation. Making consistent, on-time monthly payments will help to improve your credit score. Set up payment reminders and automatic payments whenever possible. Staying focused on making your monthly payments on time is absolutely critical to improving your credit.

As you are making on-time monthly payments and using BoostMyScore to help increase your credit score, it might be tempting to revert to old spending habits, but you must exercise self-control and resist that temptation. Especially during this time, stop using your credit cards and save as much as possible. This is the time to focus on paying off debt and repairing your credit. You don’t want to lose this positive momentum. Make a point to actively pay off your debt rather than add to it.

To ensure that you stay on the right track, keep these helpful tips in mind:

  • Keep your credit card balances low. A 10% credit utilization is ideal.
  • Pay off your debt rather than transfer it.
  • Don’t close old credit card accounts. This can have a negative impact on your score.
  • Don’t open any new credit cards during this period of credit repair.

One-two Punch Approach

Now that you’ve seen how BoostMyScore and credit repair strategies can quickly improve your credit score, you’re on your way to securing better credit and financial freedom. Because you’ve experienced a rapid uptick in your credit score and are actively paying off your debt, you know that there’s a light at the end of the debt repayment tunnel.

Contacting BoostMyScore is one of the first steps in the process of credit repair. It’s important to look forward and maintain this newfound financial responsibility over the long term. As your credit score improves, it’s important to take steps to maintain your improved credit standing. Actively paying off your credit card balances, accounts in collection and other debts should give you the financial confidence you’re seeking.

If you’ve made one or many credit-related mistakes in the past, don’t worry, you’re not alone. There’s plenty of credit repair options available to you if you’re ready to pay off your debt and improve your financial standing.

Contact BoostMyScore today at 1-800-531-1472 to discuss the credit repair options available to you. Improve your credit score, pay down your debt and secure the lending you need to live the life you want.