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Tips on how to repair bad credit

How to improve your credit score

Having bad credit can seriously complicate things. It can hinder your chances of getting loans, making it exponentially more difficult to buy a house, car or other large purchase. If you’ve found yourself with a lower credit score than you’d like, and are looking for ways to repair it, here are a few tips to practice for improving your credit score over time.

It’s important to remember that improving your credit score is a lot like losing weight: it takes time and there’s no real quick fix. The best way to manage your credit into a better position is keep track of it and spend responsibly over time.

[Read more: What should my Credit Score be to buy a car?]

Ways to start improving your credit now

Check your Credit Report

In order to repair your credit score, you first need to know that your credit report, which details your credit history, is correct. You can request a free copy of your credit report to check it for any errors.

Such errors might include incorrect late payments, or incorrect amounts owed. If you notice any discrepancies, you can dispute them with the credit bureau.

Set up Payment Reminders

We’ve all been there. Life gets busy, and sometimes a few payments here and there slip your mind. Since making payments on time is such a big part of maintaining your credit score, it’s a good idea to set up reminders for yourself when your payments are due. Either write them on a calendar you check frequently, or set up alarms on your phone for a quick and easy way to remember.

Reduce the debt you owe

Of course, this is easier said than done, but reducing the amount you owe can go a long way in helping out your credit and your stress levels. To do this, first stop using your credit cards. From there, figure out how much you owe on each of those accounts and come up with a payment plan to pay back the amount you owe and interest. After your debt is cleared up, staying up to date on your payments will go a long way in improving your credit score.

[Read more: Does checking your credit score hurt it?]

We realize that raising your credit score is no easy task. It takes a lot of effort and can often take months or even years. That’s why we’re committed to helping Green Bay drivers – no matter their credit score – get behind the wheel of affordable vehicles. If you’re interested in finding help financing a vehicle, just contact us here at Broadway Credit.

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