Discover why it’s necessary to use credit in order to rebuild your credit and credit score. Then, learn how to regain access to credit, as well as which types of purchases are perfect for your credit rebuilding journey and which ones to avoid.
Credit cards can hurt your credit score—but they can also help rebuild it. Although this seems contradictory, if you understand how credit scoring works and know the right kind of expenses to charge on your credit card, you can take a big step toward rebuilding your credit.
First, you have to understand a fundamental rule of improving your credit health: In other words, to rebuild your credit you must prove you can use it responsibly by practicing selective spending with your plastic.
Since 1998, we’ve been helping to educate consumers on financial issues while providing the tools and solutions they need to effectively manage these issues. We wanted to create the most in-depth, detailed guide online to help you understand the different tactics you can use to rebuild your credit by using your credit cards. Read more at buff.ly/2w9QELF