OneUnited Bank
Sometimes having a bad credit score can get in the way of achieving certain goals, such as buying a new home or getting a loan. Fortunately, there are ways to get back on track. Here are 5 ways to help you rebuild your bad credit!
Secured credit cards are the perfect credit cards for those with a bad credit score. With a secured credit card, your credit line is based on your income, the ability to pay, and the amount of your initial cash collateral deposit.
Missing payments is detrimental to the health of your credit score. At the very least, be sure to pay the minimum each month to avoid extra fees.
Make sure you know exactly where you stand in terms of your credit score. There are many ways to check your credit for free online. This will help you better understand where you're going wrong so you can decide how to fix it.
Though it's easier said than done, try your best to pay off what you can. Paying off your credit card will avoid high interest fees each month.
Plan to save as much as possible. Dine out less, find free activities in your area, and start clipping coupons. It might seem like a lot of change, but it will be more than worth it in the long run.
OneUnited Bank is the first Black internet bank and the largest Black owned bank in the country, with offices in Los Angeles, Boston and Miami. We believe in serving...
