Career Advice - A Community Blog

Erik Larson writes about the job market, resume improvement, and career advice

What is Bad Credit and How to Fix It

Written by Erik Larson, Community Blogger | Oct 4, 2017 9:20 PM

Rebuilding your credit for good is by no means an overnight process, but then your credit didn't tank overnight, either. Your credit was at some point decent, maybe even stellar. Life happens to everyone in varying degrees. Medical bills, job loss, divorce, foreclosure, repossessions, and bankruptcy to name a few, can cause your credit score to sink like a rock. These things happen every day to people everywhere. That's a fact. So, however you feel about your current situation, don't feel like you're the only person with bad credit. Once you understand the reason or reasons, for your bad credit, you can begin to turn your life around on the road back to good credit. Your credit isn't doomed forever, regardless of what you've heard. As long as you follow the best practices for improving your credit, you can restore your credit to a respectable level and keep it there. How good it eventually gets is up to you and your knowledge of the credit scoring system

Fortunately, thanks to the many legitimate credit repair pros out there who know what to do and when to do it, they can provide help with figuring out the best approach to good credit for your particular situation. Everyone's situation is a little different, so your steps might vary from someone else's. However, the goal is the same - an improved credit score. Notice the word "improved." How much your score improves is, in the end, completely up to you and how well you learn and apply the correct principles and techniques of credit repair. Simply put, a good credit score allows you to demand the best interest rates for car loans, personal loans, and mortgages. With good credit, these huge money savers will be within your reach. A good credit score also puts you in a much better position to land your dream job, assuming of course that you're a serious candidate for the position. Many employers will decide against offering you a job if your credit score is shaky or too low, regardless of your qualifications for the job.

Learn Credit Repair from the Pros

Your credit score is in the basement, and you might think there's no way out. You may have been conditioned to believe that, but your credit score is in flux at all times and is by no means stuck in one place. Just like paying your bills on time is essential for the best credit score, the opposite goes for the worst score. Seems simple, right? The truth is, it's easier said than done if you don't know how to pull your score up, one step at a time. The beauty of understanding how to improve your credit is that the concept is relatively straightforward. 

Once you're on the road to financial recovery, I doubt that you will let anything get in your way to derail the progress you've made in improving your credit score! I can't stress enough how important it is to get involved in learning how to repair your credit. Credit repair services have the know-how and resources to put you on the fast-track to improving your score. Another less talked about benefit of a good credit score is not only the amount of money you'll save by paying less interest but how best to put it to good use. If you have the discipline to put the extra money that extra money into a savings account, the next time life throws you a curve ball, you'll be ready for it by having money saved up.

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