Get Credit Repair

Many people are unaware at how simple it is to improve your bad credit rating and get a credit card.  The key is to go about using different methods to get approved credit and use those methods to enhance your poor score.

Here are the four simple steps to improve your bad credit rating and get a credit card.

1. If you have a job, go to your credit union and get a loan – Because credit unions use your paycheck to deduct your monthly payments for the loan, they use your job history and probability to remain on the job as their approval criteria instead of your credit.
2. Apply for a loan through your bank – They probably won’t approve you for a credit card.  However, if you have had an account with them for a long time period and never went negative on your account, they sometimes will allow you a small loan regardless of your bad credit rating.  You should start with something as small as $300 - $1000.
3. Apply for a neighborhood store credit card – Maybe there’s a small retail store like some type of clothing or hardware store.  Try to open up an account with them and purchase a couple of small items that don’t add up to much.  Then ask if they mind reporting your payments to the credit bureau.
4. Apply for a secured credit card – Although you have to come out of your pocket with your own money, it is still considered a loan.  They, therefore, report your transactions to the credit agencies as if it were a “regular” credit card.

The key to improving your bad credit rating is to make sure you make your payments to your new loans on time.  You should also make sure you do not pay the payment in full.  You can pay half the first month and then small amounts every month there on until the loan is paid in full.  This looks better to the credit card companies.

Just make sure the lenders are reporting your regular payments to the three credit bureaus.  Also keep your own payment history just in case you need to report it to the agencies yourself.