Thoughts on Building Good Credit

For a time I worked as a client processing executive in a bank and a credit card company. I was assigned to the section where you process cl... thumbnail 1 summary
For a time I worked as a client processing executive in a bank and a credit card company. I was assigned to the section where you process client inquiries, process requests and majority of our clients are those with bad credit credit card history. Everyday I get to interact with people who find themselves with bad credit. A lot attribute their situations on personal and relationship problems like divorce, some also from being laid off from work, some because of medical expenses, and a lot also is because of poor spending habits, meaning, they usually spend beyond what they earn.

Of those people I have worked with I tried my best to make them understand that building a good credit history is essential to anyone who expects to make major purchases, rent an apartment or start a business. This is not impossible, and for some it is easy to do. It requires a lot of self-control and learning to pay attention to expenses.

If you are already in this situation, then you can start making repairs to your bad credit history. Its a must if you intend to regain your consumer buying power. To begin this task, do some homework and look for banks/lending institutions which offers bad credit loans and bad credit credit cards to help you rebuild your credit. There are still a lot of institutions even online resources that are there to help rebuild your good credit standing.

Once you're on the right path, keep in mind to keep your charges to what you can afford to pay monthly. It's really great if you can make full payments monthly, that way you avoid interests and a great boost for your credit scoring.


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