#how to rebuild credit
Rebuilding Improving Credit
If your credit has taken a dive, you should take steps to improve your credit history and credit score. Often, it’s best to first focus on digging yourself out of debt. (For comprehensive information on managing credit card debt, negotiating with creditors, and dealing with debt, visit our Managing Debt topic area.) But once you’ve gotten a handle on your finances and debt burden, emerged from bankruptcy, or finished with a foreclosure, you can start rebuilding your credit. The sooner you rebuild your credit and improve your credit score, the sooner you’ll be able to get new credit at a decent interest rate.
Rebuilding Credit Without Getting New Credit
Here are some ways to improve credit without getting new credit cards or other credit accounts.
Start here to learn how you can improve your credit score without getting new credit cards or credit accounts. Rebuilding Credit by Opening Deposit Accounts
One way to repair bad credit is to open savings, checking, or money market accounts. Improve Credit by Increasing Your Credit Card Limit
By increasing your credit limit to debt ratio, you can improve your credit. One way to do this is by increasing your credit card limit. Can I Improve Credit by Closing Credit Card Accounts?
If you are married, separated, or divorced, and most of your credit is in your spouse’s or ex-spouse’s name only, you should start to get credit in your name, too. Adding Postive Information to Your Credit Report
Here’s how to add missing accounts and information that demonstrates your stability to your credit report.