If you currently have a low credit score, more than likely you know that getting loans or credit cards is a bit more difficult. The lower the score the less desirable your options become. The good news is that even if you have a 300 credit score you can rebuild good credit.

Keep reading to learn more about the steps you have to take to get out of the low credit score numbers.

Review Your Credit Report

The first thing you want to do is take a look at your credit report from each of the major credit reporting agencies (Equifax, TransUnion, and Experian). This will let you know what exactly you are working with and what you are trying to fix. It’s not easy coming up with a plan if you do not know what your credit reports show.

If you see any errors make sure to dispute them right away. You might have some things hurting your score that are not even your fault or true.

Pay Past Due Bills

If you have any recent credit cards or loans that are behind a few months catch those up to show that they are current vs one or two months past due. If the amount of debt you have is completely overwhelming you will want to consider a debt consolidation company that can help you make your debt more manageable. Make sure you read reviews and choose the best one for your specific situation.

Keep Credit Accounts Open

You might be tempted to close your accounts to not use them but instead of doing that keep them open. If it’s credit cards and you do not trust yourself to not use them then cut up your credit cards. If you leave your accounts open and do not use them it improves your credit score because it shows you are a responsible borrower that does not max out all of their credit.

Pay a Little Extra Each Month

Try your hardest to not pay the bare minimum each month. Instead, opt to pay more because that little bit more can save your money and you will get out of that debt quicker. If you are paying a loan off make sure you contact the creditor to make sure there is no penalty for paying the loan off early.

Even just $20 extra every month can significantly change the length of time it takes you to pay off each debt and the amount you pay in interest. If you have multiple cards and loans start with the smallest one first. This will make you feel accomplished quicker and excite you to move on to the next debt.

Ready to Bring Up That 300 Credit Score?

Now that you know that there is a light at the end of the tunnel for coming back from a 300 credit score you can start working towards raising your score right away. Start taking action today and get on the road to better credit!

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