We are all aware that when we have bad credit then we will have a very hard time getting the things we need, much less the things that we desire. Unfortunately when we are young the majority of us make financial mistakes that wind up costing us that good credit so we have to struggle along without it. There are things that you can do when your score is less than favorable that will help to improve your rankings.
The first thing that you will need to do is go online and look at the scores you have at the three major reporting agencies. TransUnion, Experian, and Equifax are the three main agencies that banks and lenders look at when you file for credit. They will provide you your numbers and they will also show you anything that may be listed against you on your report. Remember that when you pay late it shows on your report as well as when you do not pay at all. You have to know what is there before you can figure out how to fix the problem.
All of the agencies that keep tabs of whether or not you pay your bills in a timely manner will allow you to provide a reason for something you see on your report. If you see a listing that is lowering your score and there was a good reason why the note was late or the listing is inaccurate you can write a note on your own report that all creditors will be able to view explaining this.
If the listing is completely bogus you can get the reporting agency to remove it from your file. They will have detailed instructions on how to report information that may not be correct. You need to check your file that these places have on you every year so that you can make certain no one else is using your credit or that nothing is being reported falsely against your name.
Once you have the list of things that are reflecting on your credit you can contact the original debtor and make arrangements to pay the debt so that it will be removed from your file, most of the time the creditor will even cut the cost that you owe if you pay them in one lump sum.
Next you need to reestablish your credit by getting a few prepaid credit cards. The prepaid versions will not allow you to go over your limit but they will report to the major bureaus about how you pay and all of those things. These will allow you to begin to build a credit history.
Next you need to establish another type of credit like the kind where you pay a note until an item is paid for. A used car is an excellent way to establish this type of credit and show that you are responsible with these types of loans.
You will have to work very hard to get your numbers back over 730 where they need to be, but you can do it and in the long run it will be worth the effort.