Bad Credit now what

If you’re one of the hundreds of thousands of people who find themselves having lost control of their finances and allowed your credit rating to slip, you needn’t worry unnecessarily. Although this will restrict your future purchases, at least in the short term, it’s relatively easy to repair any credit report damage, and the good thing is, it needn’t actually cost a penny either.

The first thing you should do is get a copy of your actual credit report. This will list your outstanding finances, as well as inform you where you have no problems, and is crucial to your credit report repair.

Once you have the credit report, you can start making steps to repair any bad credit that you may have accrued. There are many ways you can do this, some simpler than others, but some of the best and most effective ways are:

Credit cards. One of the easiest ways to get into bad credit is through overuse of credit cards. Therefore, to even begin to repair your credit, you need to stop using your cards and building even more debt. Hide them away or even better, give them to a family member or trusted friend, so you don’t spend more while bringing your debt down.
One of the key things in a credit report repair is having the right information to start with. So get a copy of your credit report and make sure all information is correct and up-to-date, and fix any errors.
Work to bring any overdue loans or finance agreements up-to-date. Since the way you pay makes up for a third of your overall credit score, ensuring your finances are as current as possible will go a long way to help.
Set up a payment scheme with your creditors. Although they’re the companies you owe money to, and who’ve given you the bad credit score to start with, they also want to help, believe it or not, and would rather see small payments from you than none at all.
Use credit repair agencies. Although they will usually take a small fee for helping you repair your credit report, they are also experts and help thousands of people like you every day get out of debt and back onto the credit ladder.

At the end of the day, bad credit is an uncomfortable thing to try and live with, and can be even more difficult to try and escape from. However, by acknowledging you are in trouble, and accepting the need to walk before you can run in improving your situation, repairing your credit report can be easier than you think to achieve, and be the first step in taking back control of your life.