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Secret Success Strategy Number 11: 5 Important Steps to Take When Bad Credit Happens to Good People

Updated on March 12, 2019

Same Old Story

"In times past, your social security number was the most influential number known to man... However, there is a three digit number that is giving the social security number a run for its money... - The Credit Repair Book: The Credit Repair Company's Secret Weapon."

Is this a familiar story, your 15 year old car has reached its last mile. Not only that your washer and dryer have is last wet load in it because it decided to stop participating with your cleaning program. You go to watch some TV and all you see is dark screen.

While you are reviewing all this misfortune you remember seeing an ad in the paper where the local auto dealership is giving away a free washer and dryer with a big screen TV. To put icing on the cake they will give anyone top dollar for their running or non-running trade in.

So on a wing and a prayer you head down to the dealership to take advantage of a dream come true. After hours of sitting around and test driving all the cars on the lot to find that one perfect car, you anxiously wait the verdict of your credit application.

Then you hear statement: "Sorry, your credit application has been declined."

As unbelievable as that may sound it does happen to the hard working people we know. There are a myriad of reasons that can be cited as to why such things happen. But why beat a dead drum? This article is not about to do that. I can tell you though you are not alone, there is hope for you. According to, "Only a small sliver of people have absolutely terrible credit scores, but plain-old bad credit? That's a lot more common. Nearly a third of Americans have a credit score lower than 601 - the distinction between bad and fair credit - according to credit bureau Experian.

Know Your Credit Score

In order to do that you have to order your credit report. You can request a free copy of your credit report from each of three major credit reporting agencies - Equifax®, Experian®, and TransUnion® - once each year at

Fix Your Credit Report Errors

If you should find errors in your credit report, each of the reporting agencies have procedures you can follow to help your get them corrected.

Maintain Healthy Accounts on your Credit Report

Make sure you keep the good credit that is keeping you from falling into the "worse credit ever" category - current. This is as important as it is to fix the accounts that are in poor conditions.

Maintain Healthy Credit Buying Habits

Now that you know your credit score - it goes without saying - don't make a bad situation worse by trying to get more credit. That includes going to pay day loans or filling out applications at every store thinking they may give you more credit.

Keep an eye on your Credit Age

The age of your credit accounts is an important factor in your credit standing. Nearly 15% of most credit scores makes up your credit utilization, which makes some credit better than no credit. You will want to avoid closing your oldest accounts if possible.

The Good News is You can Change the Story's Ending

In closing, the good news is you are always in the driver's seat. Not to be all that cliché-ic but - if good credit is to be - it's up to you - or something like that.

What it will take to improve your credit, though your specific credit history will largely dictate how difficult and time consuming it will be to fix. Yet, no matter how long it takes, you will improve your credit by consistently making all loan payments on time, keeping credit card balances low and limiting new credit inquiries.

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2019 Robert Proctor


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