Improve Your Bad Credit Rating
Bad credit can be a lump in your quest to get the latest handset through a contract phone. If you've been turned down a number of times, you know that service providers are never friendly with people with bad credit. The only way to get your dream phone, therefore, is to improve your credit rating.
But, how do you do that?
Below are simple ways to help revive your credit status from bad to good.
Use Bad Credit as Motivation
To start, you need see your bad credit standing as an advantage. Yes, you've made your fair share of financial mistakes but there's always a chance to turn things around if you really want.
Using bad credit as motivation, you can start by applying for cheaper phones and plans that you can afford. That way, you'll be able to prove not only to yourself that you can pay consistently month after month. Starting with a cheaper contract option will give you that opportunity to slowly but surely revive your credit rating.
Use Credit Cards to Your Advantage
Another great way to improve your credit rating is to use your credit cards wisely. That means no unplanned shopping sprees. To use it to your advantage, you need to use it for small purchases only then make sure that you pay it back quickly and on time. This will help you avoid high interest rates in addition to improving your credit rating.
As soon as credit agencies see how you are doing in the prompt payment department, you should see significant chances in your credit standing.
Use the "Buy Now Pay Later Option" Wisely
If you've been purchasing items from catalogues, you might as well do it with your bad credit in mind. Just like credit cards, catalogue shopping can be a good way to improve your credit rating so long as you use the "buy now pay later option" wisely.
When shopping from catalogues, never go beyond your allotted balance. If you can, try shopping below that balance to steer clear from interest rates. If you do well, these catalogues will soon put in a good word about how responsible you are as a shopper. Consequently, that will also do wonders to your credit standing.
Make Time to Check Your Credit Report
If you've been making efforts to improve your credit rating, it makes sense to check your credit report once in a while. Not that credit agencies aren't doing their jobs but they make mistakes too. To avoid inaccuracies, it is better to be proactive when it comes to your credit reports. You can take advantage of the free credit check once a year or you can try Credit Expert's 30-day trial to stay updated with your credit report and score.