Whether you are buried under student loans or simply find yourself to be a victim of circumstances beyond your control, a poor credit score can be frustrating. Fortunately there are a number of ways an individual can go about rebuilding their credit.
Obtaining a credit card is an important step to take toward improving credit. This may seem counter-intuitive, but there are a number of cards available specifically for individuals with poor credit. If credit payments are not made on time, however, this method can backfire and further damage a credit score. Individuals should avoid using cards too often, as large balances can raise red flags with the three major credit bureaus, even if they are paid off on time.
Finally, beware of additional credit card offers. As your credit score improve, more cards will become available to you. Again, even if you pay off all of your credit cards on time, having too many cards will negatively affect your overall score.