At the beginning of the credit repair process people tend to focus only on removing the bad items. Many times people will start without any open accounts. This won’t get you the results which you need to see. Thankfully this is a situation that can be fixed and we’ll show exactly how here.

There’s a common misconception that bad items are the major factor in determining your score. In fact it is just as important to have positive current activity. To see real improvement in your credit score you should be reporting positive items to the credit offices every month.

So What Can You Do?

Step one you need to take if you haven’t got any open accounts is open one. That potentially sounds like the last thing you must do but hear us out. While you’ll still be in a position to get an unsecured credit card your best bet could be a secured one.

So What Exactly Is a Secured Card?

A secured credit card can be a powerful credit building tool. Essentially a secured card is backed by collateral that you provide to”secure” the card. For credit building purposes it’s generally a comparatively small amount of money that becomes your credit limit. This protects the creditor and allows you to make a positive rotating debt. Be certain to keep your balance low and your payments punctually.

Take Advantage of An Authorized User Account

If you have a relative with a good credit history see if they’ll put you on as an authorized user. This option will not be available in each situation due to family circumstances. But if available it’s a great credit building tool.

The process is easy and you need no qualifications. They’re going to require some private info such as your Social Security ID. The card holder simply calls the card company and asks to have a card sent to you for emergency purposes. Inside 2 months the card should show up on your credit score and you will get advantages from their good credit practices.

While the authorized user system is an easy way to lift your credit score, it alone can’t”fix” your credit. Building credit for yourself as well as becoming an authorized user will get you back on the fast track to great credit.

If you want help improving your scores please be so good as to check out my site on credit repair. Our top credit experts could be the answer to you credit worries.

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