Bad Credit History and Rating
- A bad credit history leads to bad credit scores
- Improve your credit scores to get better interest rates
- Mistakes on a credit report can be fixed
Your history tells creditors things such as if you pay your bills on time, how long you’ve used credit, if you’ve opened several credit cards in a brief time frame, and how much debt you have compared with your available credit limit. Credit scores are tools used by lenders to evaluate that information and determine the risk that you will not be able to repay a debt as agreed.
Although you can’t rewrite history, the passing of time will remove negative credit information from your report. Weak credit scores don't necessarily mean you won’t obtain credit. You can get rid of bad credit habits, restore your positive credit history, improve your credit scores and use credit to your advantage.
How Do You Improve a Bad Credit Score?
Know Your Credit Scores
Order an Experian 3 Bureau Online Credit ReportSM with free credit score. See your Experian, Equifax® and TransUnion® credit reports in one easy-to-read report.
Understand Your Credit Report
The majority of consumers don’t know what their credit report says.
Be aware of the important components that make up your credit report.
Make Sure You Are Not A Victim Of Credit Fraud
Learn how to prevent credit fraud and the actions you can take to restore your good credit, if you become a victim.
Improve Your Credit
In order to legitimately fix a bad credit history, you need to know the factors that gave you a low score in the first place. We’ll tell you what a credit score is and how it’s calculated.
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