4 Simple Tricks For Rebuilding Your Poor Credit
1. Negotiate balance with your lenders
Contact your lenders and work with them to negotiate any missed payments or remaining balances. You can waive some extra fees, penalties dropped or even some debt amounts if you offer certain your reaming balance outright. Work with your lenders to negotiate your credit bills and improve your credit score.
2. Set up reminders for your due dates
Pay your recurring bills or payments on time is an important aspect of maintaining a healthy credit score and preventing further issues. Late or missed payments can hurt your credit score while paying on time can help improve it. You should set up some reminder methods. These will help you remember when to pay your bills and prevent you from miss pay back your debts and causing you some extra fees or other penalties. You can write any due dates on your calendar or smartphone. These can remind you for upcoming payment due dates.
3. Know your payment limits
Knowing the limits of your payment power can help you effectively use it while improving your credit score. You should avoid using your card for every purchase. Using your credit card too often and coming to close to your maxing credit out can damage your credit score.
4. Keep your credit cards open
Although it may seem like a good idea to cancel and cut your old credit cards. But keeping them open and using them wisely while you have a chance to improving your credit score back up over time may be a better option. Because your credit rating may be dropped when you permanent close your credit cards.