Many tend to be confused by thinking there is some secret recipe to having a great credit score or rebuilding one. Some people advocate hiring credit repair companies or debt consolidation companies to assist their credit rebuilding needs.
Here are some simple steps that will help you navigate improving your credit score without spending any extra money.
Download 2 apps on your phone: Credit Karma & Experian
Monitor all three lines of credit (Experian, TransUnion, & Equifax)
Watch for the suggestions the app tells you like settle outstanding debt, pay down debt, apply for a new credit card and or lines of credit being too new.
Pay down your credit cards throughout time not immediately after you have opened up a new line of credit. The key is to show a great attitude at managing debt. The best picture is to have some you pay the next month in full and one you are paying off throughout time.
Another tip is have a variety of credit; preferably a credit card and an auto loan.
It's rather simple to build and or rebuild credit; the key is mainly paying off and settling old debt which can easily be done on your own time and dime. No need to overcomplicate things by hiring a debt consolidation company and or credit repair company. Yes it's true some of the laws they know may help but at the end of the day it won't remove all bad credit and it will need to be settled (pending some may fall off after a certain mount of years).
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