Step 5: Rebuild Your Credit

                                                               Resources       

      Continental Finance MasterCard®           UltraVX Visa®            New Millennium Bank Card                                                                                                                                                                      

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If you're serious about rebuilding your credit, budgeting and paying you're bills on time are not enough.

You need to show that you can handle new credit responsibly to start building up your credit score. 

Once you are ready (and you can afford to do so) apply for a new credit card or loan.  Remember that the whole point of this is to repair and rebuild your credit.  So don't go overboard and get yourself into even more trouble.

If you obtain a loan, make your regular monthly payments on time, and don't be tempted to pay the loan off early.  You want to show that you can be responsible over time.

If you are rewarded with a new credit card, make small purchases throughout the month and pay off the balance in full at the end of the month.  Getting into this habit will quickly increase your credit limit and help overall with your credit score.

If you've gone through all the steps carefully, you now know that improving your credit will help you to keep more of the money that's already yours!