How to Repair My Bad Credit Score Quickly

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Living life under a bad credit score can be very depressing.

Have you gotten to that financial point where you need to ask “how to repair my bad credit score quickly?” Just tune in to the news, and you’ll realize many people are having bad credit problems. Even if you went through and paid off all your bills, your credit score will be hurting. This is also the case for those people with low credit.

Repairing a bad credit score is a lot like losing weight. It takes time, which is why it is imperative not to let your credit score go bad in the first place. In losing weight, those quick-fix diets and diet pills are the most likely to backfire. Such is the case too with fixing a bad credit score. You should be careful with recipes that promise to fix bad credit score ratings “quickly”. The quickest improvement you will see will appear within say 45-60 days of consistent effort.

What you need to repair actually is your credit history, which is what your credit score is indicative of in the first place. Besides just fixing your credit score, credit repair can have the following effect on your life:

  • Saves tons of money on loan interests, credit cards and insurance;
  • New employment opportunities and raises from current employer open up;
  • Improves loan security.

Learning how to repair your bad credit score quickly can seem like an impossibility at first glance, but the truth is some things can be done to achieve this. It is possible to raise your bad credit score “quickly”, but don’t expect miracles. Strategy, diligence and patience are key.

 How To Repair My Bad Credit Score Quickly

how to repair my bad credit score quickly

You have to know what you need to repair. First and most important, you must make sure that the information from the three credit reporting agencies is up to date and accurate. Your credit report will show you all the mistakes you’ve made that have led to a poor credit score rating.

This is extremely important if you are in the process of raising your credit score. Companies will check this. Housing and job history also plays a key role in interest rates.

  1. Pay your bills on time:
  • The most important thing to do to raise your credit score is to pay your bills on time. Creditors will look to see if you have late payments. This will turn them off if they see you struggling to keep up with current bills and credit cards.Out of all the factors that influence your credit score rating, the greatest and most important is your payment history. It impacts 35% of your credit score.

    Failure to pay off debts and balances early (or at all) until they are past due eventually results in a charge-off. A charge-off happens when your debts are past due for up to 180 days, and it is the worst state for your accounts to be in.

    If you have past due accounts, make sure that they are reported as either at least “current” or most preferably “paid”.

    It is quite understandable, however, that having your accounts read as “paid” might be the more challenging as opposed to having them read as “current”. So it is advisable that you spread your payments across all your accounts.

    If you have credit balances, debts that are in danger of becoming past due and charge-offs, give priority to redeeming those accounts that are getting close to being reported as past due first. Then work on lowering your credit balances. Finally you can work on settling your charge-offs.

    The longer you slacken on making repayments, the more you will have to pay to recover or catch up.

    Would you want to take payments for your car if you’re selling it to someone with no job, just moved into the neighborhood, and is late on his first payment?

    Fix your credit history:

how to repair my bad credit score

The next big thing is your credit history. This is a little more difficult to fix. Still it is possible to fix a bad credit score by building or rebuilding your credit history.

The best thing to do is pay off and close newer cards and loans but keep the older ones. The history is important in your credit score. If you have accounts you don’t use, close them. This will help you to focus on those accounts which you are using and will also keep you from overspending and increasing your credit balances.

However, be careful not to suddenly begin to close many accounts all at once as this may hurt your credit score. Rather, begin closing those dormant accounts 6 months before acquiring any big loans.

A technique you might use is taking out a loan with a lender and put the money in savings at the same bank. Then you use the savings to pay your payments and pay down the loan.  You don’t want to pay the loan off all at once, but over time and on a regular basis. This article also provides you ways to see an increase in your score.

This article also provides you ways to see an increase in your score.

Get New Credit:

how to repair my bad credit score

You can’t work on adding positive statements to your accounts until you’ve worked to offset those negative items reflecting in your accounts. We’ve dealt with the negative items. Now let’s add some positive remarks.

The last key to raising your credit score is new credit.  New credit is good for your FICO (credit) score. There is a limit to how much you should get. They can tell if you are going on a borrowing binge and that will hurt your score.

Remember, though, that every new credit card inquiry will be reflected in your credit report. Too many of such inquiries is bad for your credit history.

You need to open one or two lines of credit every few months and make sure the payments are good. Open new accounts responsibly and pay them off on time to regain good credit score in the long term.

Also remember that delinquencies from within your credit card history can hinder you from getting new credit card accounts. If you are denied access to a major credit card, apply instead for a retail store credit card or a secured credit card.


So if you’re like others who want to know how to repair my bad credit score quickly, these simple steps are going to help repair you achieve that fast. Just remember to pay your payments on time, keep track of your lenders, and don’t open up too many credit cards at one time. If you stick to that, then your score should rise gradually, but it will be a good score.

Also, when seeking help, always remember that you are protected by the Credit Repair Organizations Act (CROA). I’ve also listed my recommendation if you decide to go the route of getting a qualified credit repair service to help.

If you need more information on this topic, below is a free guide that will walk you through the process step by step and will also cover:

  • Getting and Understanding your credit reports & scores;
  • Real “how-to” for improving your credit (these are the very tactics the best credit repair firms in the country use);
  • Powerful action plans.

To Better Credit!