Credit Cards
recommended by
our experts

Get Cards
Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

Rebuild Your Credit History in Three Easy Steps

[July 30th, 2013]

When it comes to credit, we all start out with blank slates. The first time any of us gets a credit card, takes out a student loan, or applies for financing on a car or other big-ticket item, we begin to write the story of our creditworthiness—otherwise known as our credit history. Based on that credit history, we’re assigned a credit score—a number on a scale of 300 to 850—that determines what loans we qualify for and what interest rates we’ll be offered.

Credit scores go up and down over time, and vary depending on who is issuing them. Besides FICO, which is fairly well known, each of us gets a score from Equifax, TransUnion and Experian—the three major credit bureaus. But in general, if you have a good credit score with one agency, you’ll have good scores across the board. Likewise, if you have bad credit with one, your credit score is likely to be low with all issuers.

A bad credit score can haunt you when you are looking to finance the purchase of a new car, be approved for a mortgage or a college loan, or even find a new job. Employers often check credit scores, as do landlords. After all, your credit score is meant to be a measure of how reliable you are when it comes to paying off your debts.

The problem arises when your credit score doesn’t reflect the whole story. Any number of things, from illness to divorce, job loss to accidents, can cause your credit score to take a hit. A bad credit score doesn’t always mean that someone is not a good risk and won’t be able to meet their financial obligations. If poor credit is getting in the way of doing the things you need to do, here are three easy steps to rebuilding your credit and getting the score you deserve.

  • Step 1: Contact your creditors and get back in good standing. If you are delinquent on your credit card payments, mortgage, or other accounts, the first thing to do is call the credit issuer and tell them what’s going on. They are usually eager to work out a solution and will help you make a plan. From lowering interest rates to setting up automatic payments, there are always options.
  • Step 2: Keep the terms of your agreements and make payments as agreed. Once you’ve made a deal with your creditors, be sure to hold up your end. When your account becomes current and you are once again in good standing, your credit score will start to rebound.
  • Step 3: Apply for new credit cautiously and use it carefully. There may be some lag time between steps 2 and 3, but when you are ready, try applying for a new credit card. Look for one that has a relatively small line of credit and is targeted to customers with your level of credit. Check your credit report first so you know what your score is, and apply accordingly.

With continued careful use, your credit score will be back on track in no time.

Share Opinion:   digg   Furl   YahooMyWeb   Propeller   Reddit   Google
[May 20, 2020]
Bankrate has recently conducted a survey of U.S. consumers’ payment habits amid the coronavirus. According to it, the number of Americans paying for grocery purchases with credit cards increased significantly in April and reached 46%. For comparison, this amount in December 2019 was just 27%. On t...
[May 13, 2020]
The coronavirus pandemic has caused significant damage to the economy of the country and the whole world. No wonder that spending habits of Americans have also undergone some changes.

For example, since the borders of many countries has been closed for an indefinite period thereby making all kind...

[March 20, 2020]
The situation with СOVID-19 is rapidly progressing. At the moment, more than 240,000 cases have been registered worldwide. Not a single state was left untouched by the virus. A lot has already been said about precautionary measures. But the first what you should do is stop panicking. If you cannot ...
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.
We do our best to maintain the information accurate at However, all the credit cards information is subject to change and presented without warranty. See the up to date credit card terms and conditions on the secured credit card application page. Note that may be compensated by credit card issuers when visitors apply for a credit card through the links on this website., an independent, advertising-supported website, receives compensation from the companies whose offers appear on the site. This compensation impacts where and how credit products appear on our site, including, for example, the product listing order in which they may appear on separate pages. does not present or review all available credit or financial offers.
Disclosure: Not an access card.