Debt Consolidation Loans

  • ☰ HOME
  • ☊ APPLY ONLINE NOW
  • ? DEBT FAQs
  • ✍ OTHER SOLUTIONS
    • IVA Individual Voluntary Arrangements
    • Debt Relief Order DROs
    • Debt Arrangement Schemes
    • Scottish Trust Deeds
    • Bankruptcy
    • Business Debt Consolidation
  • ✔ ABOUT US
  • ☎ CONTACT US

What Is the Best Way to Improve Credit Rating

27/12/2011 by Brian Talbot



If you are asking this question, it is probably because you have at least one black mark or bankruptcy on your credit report that has caused your score to plummet.

Recovering from bad debt is not easy, but it can be done over a period of time. Depending upon what type of black mark you have, recovery can happen rather quickly.

Regardless, though, it is important to start the road to recovery as soon as possible.

The first step is in actually securing a copy of your own credit report. Pull reports from all three major agencies in order to check for accuracy.

Make note of any accounts which you are not sure about on the report. If they are not your accounts, whether they are in good standing or not, notify the credit agency to have them removed.

Different types of debt take various amounts of time to disappear from your credit report. For instance, credit inquiries remain on a report for two years, whereas a bankruptcy can remain on the account for up to ten years.

When recovering from bad credit, it is important to know when negatives are due to fall off the account. Upon expiration, pull another credit report to ensure that it has indeed been removed from the account.



In addition to keeping your credit clean during the rebuilding process, it is also important to rebuild your credit. One of the best ways to do this is by re establishing credit via a low limit bad credit credit card.

In all honesty, the rates are not going to be favorable, but this is why we recommend a lower limit. The temptation to run up a card can be rather inviting to someone that had not had credit in some time.

By keeping a card that has a maximum limit of £250 to £500, getting yourself back into difficulty can be avoided.

Once you start to rebuild your credit, make sure you continue to make all payments on time and monitor your credit report. When subscribing to a service, you can pull a report monthly as part of the fee.

This report will not count as a hard inquiry; therefore, it will not affect your credit score. Avoid applying for extra cards to have more hard inquiries hit the report.

It may take several years, but eventually the black marks will fall off and your credit rating will be restored.



Filed Under: Debt Questions and Answers

Our Panel Of Lenders Include:

Free Debt Report Download

Download your full guide to the solutions available.

Download guide

Popular Content

  • Top Money Saving Tips For A Cold Winter
  • Top Ways To Cut Your Hair Care Costs
  • What is a CAB or Citizens Advice Bureau?
  • How Does My Debt Affect Me If I Wish To Move Abroad?
  • How can I solve my debt problems and get a mortgage?
  • What Is an IVA?
  • Will a Business Plan Help Me Get a Business Loan if I Have Bad Debt?
  • If My Spouse Is In Debt and Unable To Get a Lower Interest Credit Card, Can I Transfer That Debt to My Card?
  • Can a Debt Collecting Agency Add to the Cost of the Debt
  • IVA Individual Voluntary Arrangements In The UK
  • How Can I Reduce My Debt?
  • Easy Ways To Save Money While Gardening
  • What Happens When I Stop Paying My Credit Cards?
  • What Can I Do If a Debt Collection Agency is Hassling Me?
  • My Ex Owes Utility Companies at My Address, What Can I Do?
  • Should I Pay Off My Debt or Save Money?
  • How Will a Debt Consolidation Loan Help Me Get Out of Debt Quicker?
  • I Am Not Seeing the Right Debt on My Credit Report
  • I Am Moving from the UK, What Happens to My Debt?
  • Procedural Changes for Disability Benefits May Increase Personal Debt
  • Can I Move Abroad to Escape Debt?
  • My Bankruptcy Was Approved, But I Am Still Being Hassled By Creditors
  • Debt consolidation companies and how they work
  • Inexpensive Decorating Ideas For Springtime Celebrations
  • Tips for Reducing Car Insurance Costs
  • Debt Arrangement Schemes Or DAS An Introduction
  • Overdrafts, Personal Loans, And Debt Management Plans
  • Getting More Food On A Limited Budget
  • Save Money On Reputable Legal Advice
  • What Are the Best Low Interest Credit Cards for Someone with Bad Credit?
  • How Do Credit Inquiries Affect My Credit Rating?
  • Reducing Energy Use In The Bedroom
  • Purchasing A Home To Save Money
  • Unsecured debt consolidation loans discussed
  • Money Saving Secrets For Christmas Entertaining
  • Save By Taking Advantage Of These Freebies Ideas
  • How Can You Make an Offer of Payment to a Debt Company?
  • Self Employed IVAs Or Individual Voluntary Arrangements Discussed
  • Savings Tips For Those Who Wait And See
  • Debt consolidation management program types discussed
  • Saving Loved Ones From Paying Inheritance Tax
  • How Long Does It Take To Re-establish Credit After Bankruptcy?
  • Tips To Save While Christmas Shopping
  • Can I Consolidate Debt Into a Mortgage?
  • Advantages And Disadvantages Of Scottish Trust Deeds
  • Does the Government Offer Debt Consolidation Loans for Low Income Residents?
  • Is It Possible to Re-Mortgage with Bad Credit?
  • Why Should I Document Contact With Debt Collection Agencies?
  • Debt advice in Birmingham phone numbers and contacts
  • Government debt consolidation loans and how they work
  • Substantial Savings With Regular Saver Accounts
  • Enjoying New Years Eve 2017 On A Limited Budget
  • Budgeting Tips For Students
  • Earn Money While Saving It At The Same Time
  • Can A Debt Collection Agency Take Me To Court?
  • Clever Money-Saving Tips For Students
  • Debt advice in Manchester phone numbers and contact details
  • Debt consolidation calculator choosing a debt consolidation loans calculator
  • Shocking Debt Statistics And Benefits Of Debt Consolidation Loans
  • Can Debt Recovery Companies Fix Unsecured Debts to Your Home or Other Assets?
  • What Is the Minimum I Have to Pay to a Debt Collection Agency?
  • Debt consolidation loans online and online debt consolidation discussed
  • Resources for Dealing with Personal Finances
  • Do Laundry The Money-Saving Way
  • How to Get a Loan with Bad Credit
  • How Will a Debt Relief Order Affect My Ability to Get Future Credit?
  • Save Money On Winter Meals
  • How Can I File a Complaint Against a Collection Agency for Harassment?
  • Saving For A Childs Education
  • What Are The Best Ways To Raise My Credit Rating?
  • I Thought I Had a Good Credit Score, But I Was Still Turned Down for a Loan
  • I Have Been Contacted About a 10-Year Old Debt, What Should I Do?
  • Debt consolidation loans unsecured uk made simple
  • Top Ways To Save Money Fast
  • Can A Bailiff Demand More Money If You Already Are Making Payments?
  • How Can I Check My Credit Report?
  • What Happens to Debt When Someone Dies?
  • Ways To Avoid The Savings Crisis
  • Money Saving Gone Awry
  • I Cannot Afford to Pay Off My Payday Loan, What Do I Do?
| Terms & Conditions | Privacy Policy | Site Map | XML Site Map | For Homeowners With Bad Credit|

COPYRIGHT © 2011 – 2021 Money Marvel


This website is provided as an independent marketing website. We are neither a lender or an independent financial adviser and as such are unable to offer financial advice. Enquiries generated via this site are passed on to independent financial advisers and loans brokers. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Money Marvel, 4 Camino Condesa, Fuengirola, 29640, Spain
The server time is 03:30:41am