Read my blog


7 Ways to Fix Your Credit (part 2)

2. Build a Trail of Positive Payment History

This is obvious to pay your bills and on-time. The objective is to create and build a trail of positive on-time payment history and responsible credit worthy behavior. You can do this simply by paying your current monthly bills on-time.

Many consumers will also turn to a secured credit card to assist with this. Secured credit cards offer easy approval and require you to make a deposit to secure your account. The big takeaway is to make sure your account will be reported and monthly to all three credit bureaus.

This way with responsible use you’ll be building credit. This piece of information falls into your payment history with the credit scoring algorithm and that’s worth about 35% of your credit score.