Once you have yourself budgeted recalculate the numbers and see how much extra you can pay towards your current debt every month. This will help drop the debt to limit ratios which will boost your credit scores. And remember to start paying on time, a late payment can really drop your scores and any late payments you have are usually not a major credit score dropping factor after 12 months.

What If You Have No Credit?

Many People who have bad credit are in this situation because they simply have no credit history and in turn no credit scores. When it comes to getting loans no scores can actually be harder to deal with then having low scores! To get around this and get quick credit that will add history fast and give you credit scores within 30-60 days grab a secured credit card.

These credit cards are secured by a deposit of cash you make with the issuing lender. This deposit protects the lender in the event you default on your account. It also helps protect you from collections and judgments should you default! These credit cards report like a normal card does and when used with responsibility will add points to your credit report very fast!. Darin Sewell