Having bad credit makes it hard to qualify for loans or forces you to settle for less than desirable terms for credit.
1. Check your credit report: Know exactly how you can improve. This will help you target the problem areas first.
2. Work to catch up with your payments: Bring all your credit accounts up to date. Don't be behind on payments.
3. Pay your bills on time. Build your payment history track record up. Consider setting up automatic payments.
4. Avoid closing credit card accounts. The longer your credit history, the better your score. Keep cards alive.
5. Pay down debt. Using a lot of the credit available to you works against you. Cut back on credit utilization.
6. Use a secured credit card to build good credit if poor credit does not allow you to qualify for a regular credit card.
7. Obtain an installment loan. Careful though. Start small. Plan your applications and work to boost your score.
8. Practice good money habits. Set aside money. Save for the future. Invest. Work towards financial stability.