How to fix bad credit



Your credit and credit score is something essential to many things, like buying a car. Here are a few tips and facts about credit to keep you on the right track.
Think of your credit report as a report card of your credit history. If you want to improve your credit score, that means you have to improve your report. The good news is, that YOU have control of that. Here are a few reasons as to why you have a low credit score and how to fix it:
1. You have both high debt and bad marks - This is where you can go one of two ways, hire a pro or fix it yourself. For very little money, you can work with a pro to help you get your credit score back at a low cost. If you were to do it yourself, this will take a lot of time, energy and research, but it is the cheaper route.
2. You have a short credit history - build your credit by starting low-limit cards, retail cards, etc. However, don't over do it. Do not apply for more than four cards.
3. You have bad marks on your report - When you are working with the credit card company to pay it off, make a condition with them, that they will delete the listing from your report. Get this is writing, so you insure it will be done.
4. You have debts and no bad marks - cards with high credit card balances will kill your score. Get your balances in check and keep your balances down.
Other great tips to getting a hold of your credit score is: pay down your cards to within their limits, pay them all off if you have the dough, pay them off, then close all but four keeping your oldest, and ask for higher limits from your credit card company.
All of these are great ways to get yourself back on track and into a car! If you have additional questions about credit or credit reports contact J Park in our Finance Department at 530-458-2151 or visit us online at http://www.hoblitmotorsford.com/finance-department/.