Important Credit Fixing Tricks For Bad Credit Borrowers

June 13, 2022 | Mason Roberts

 credit fixing tips

Bad credit score? You are going to want to get right on top of your credit fixing as soon as possible. On this page, we are going to share a few tips that can help turn your credit from bad to, at the very least, a little bit better.

Credit Fixing Tips

Pay Your Bills On Time

The first step to credit fixing is to start paying your bills on time. We know that this may seem obvious, but you will be surprised at the number of people that pay a couple of days late. If that cash isn't sitting in the account of your creditor on the day that it is due, then you will see a hit to your credit score.

This means that you will need to start setting reminders to get those bills paid off on time. If the bill payment date comes before your payday, then you may want to talk to the creditor to see if they can move the due date for you.

Pay Larger Amounts Towards Your Credit Accounts

Don't just hit the minimum payment for your credit accounts. Not only is this going to cost you more in the long run, but it is going to hit your credit utilization rate hard.

Now, we won't go into too much depth on credit utilization here. All you really need to know is that credit utilization is the % of your credit that you are currently using. You want this figure to be around 30%. Getting your utilization to that point is going to work wonders when it comes to credit fixing.

You don't want the utilization to be too low, so once you have paid off around 70% of a credit account, then move on to paying another one (while keeping up with the minimum payments on the previous account).

Always pay as much as you can per month towards your credit accounts.

Stop Applying For New Credit

Avoid applying for new credit whenever you can. Searching for new credit screams that you are dealing with money issues and, even if you do not get approved for credit, you will see a hit to your credit score.

A title loan may be an option here instead. We will talk more about those shortly.

Paid Off Your Credit Cards? Keep Them Open

Try to avoid closing any credit accounts (especially credit cards) once you have paid them off. This will have a huge impact on your credit rating. In fact, you may even want to use them a little, just to push that credit utilization a bit closer to the 30% mark.

Create Payment Plans For Bills You Can't Afford

There may be some bills that you are struggling to keep up with. You may miss the payment month after month. Each time you miss a payment, not only are you going to be dealing with some extra fees, but you are going to see a huge impact on your credit score too.

If you are genuinely struggling with a bill, then you may want to consider a payment plan. Talk to the creditor. They would rather get paid than you continually missing your bills each month. In fact, you will be surprised at the number of creditors that will be willing to do this, particularly when it comes to the likes of credit cards.

Some people may also consider a debt reconciliation loan, which will combine all of your loans into one, simple monthly repayment. 

I Have Bad Credit. Can I Get A Bad Credit Title Loan?

If you use these credit fixing tips, then you may find that your credit score may start to improve within 6-12 months. If you need to borrow cash now, then a bad credit title loan from Idaho Title Loans, Inc. could be an option.

With a title loan, you will be borrowing cash against your vehicle's title. It is essentially a secured loan, and those in all credit situations are welcome to inquire. With Idaho Title Loans, Inc., you can borrow up to $15,000. The inquiry process can take as little as 30 minutes, and you could have access to your funds in just a few hours.

happy man with loan

You will need to hold a lien-free title to your vehicle if you wish to be approved for a title loan. However, there are no income requirements. This means that this form of borrowing is often seen as an option for those claiming benefits or have found themselves temporarily unemployed (or with reduced working hours).

Get A Title Loan Today

Credit fixing may help you to borrow in the future. However, if you need to borrow cash now, you need to look into options such as a bad credit title loan. With a title loan from Idaho Title Loans, Inc., you may be able to borrow cash even with a poor credit score. Get started by filling in the short title loan inquiry form on our site today.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

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