With a bad credit score, many aspects of your life would be affected. There thankfully are many ways you can improve credit, and we discussed them. If you’re committed, you could see a major improvement.

Make Payments on Time

There is no way you’ll be able to improve the score if you make payments late. What’s unfortunate is that the history of late payments would be on your credit report for 7 and a half years.

If you missed a payment by over 30 days, it’s not the end of the world. Although it would be in your report for a while, the more time that has passed, the less important the missed bill would be. Positive credit behavior can cover it up.

Loan

Take out a loan and regularly pay it back – the regular payment history would result in boosted credit. If you’re wondering how to qualify for a personal loan, you’ll need good credit to be approved.

Thankfully, there are unconventional lenders you can work with. They’re called bad credit lenders. Paying the borrowed sum back would result in an improved credit score just like with a regular loan.

Work with reputed names. For example, a Magical Credit company offering affordable loans for people with bad credit won’t hit you with unfair payment agreements. This unfortunately might be the case for less reputed options.

What’s great is that you can use the sum received to pay off other debts you have.

Dispute Errors

Take a look at your credit report. With a close inspection, you might see that there is a mistake on it. Getting it fixed could lead to your credit score improving.

The biggest mistake to check for is payments marked later than when you paid them. It would take the bureau around 30 days to investigate and get back.

Get Higher Credit Limits

Ask your bank to raise the credit limit on your card. A higher limit along with your balance staying the same would result in your credit utilization being lower.

Your chances of getting the limit increased depends on a number of factors. This includes whether you have a higher income than you did before.

Secured Credit Cards

One of the best ways to improve your score is through credit cards. But here’s the deal – you won’t be approved for one if your payment history is poor. What would help would be a secured card. It’s specifically for people with poor payment histories. The credit limit would depend on a deposit you’ve made.

If you don’t pay a bill, the company can take money out of the deposit. If payments are being made, you’ll eventually get the deposit back.

There are thankfully many ways to improve credit. Probably the best would be to make payments on time. If you’ve missed a payment, it would be on your record for a while. However, the more good credit behavior you have, the more the missed bill would be off-set. Finding errors in your credit sheet could result in a boost too.