Can bad credit be rebuilt and if so how long will it take?
Yes it can. At the same time you take steps to repair your credit by removing derogatory items from your credit report you can also be rebuilding it by adding good notations. The second biggest misconception about credit is that it gets better if you dont use it (you have no credit outstanding). Again, wrong. You improve your credit standing by having credit and using it responsibly. This means not overusing it and playing by rules and conditions for using it. There are several steps you can take to rebuild credit: Use credit you still have responsibility by meeting all terms and conditions including paying what youre supposed to on time and not going over your credit limit. If you have any credit cards with open lines, use them occasionally but pay off what you charge at the end of each month and dont build up any balances. If your credit is really bad and you have no credit cards and cant get one, start with a secured credit card which is available at most banks. You get a card (Mast
