Do you know that you can increase your current credit score by as much as 80 to 100 points if you use the right cards? Really, what counts here is that the card you want to use must be in good shape.
I'll show you two ways by which you can use these popular plastics to help build some good information on your report.
Get a Secured Card - If you're in deep financial mess and need to get your financial life back on track, the secured card is a great way to do just that.
All you need do is to apply for a secured card and make sure its activity is reported to the bureaus.
A secured card is the type that you'll need to make some deposit which you cannot draw beyond its limit as opposed to one which the creditor lends you money.
It'll slowly help you rebuild positive information on your financial records.
Become an authorized user - Do you know that you can improve your rating significantly by having good information reported to your file regularly as a result of getting signed-on as an additional cardholder on a relative card? The most important thing you should bear in mind here in order to have positive information reported to your file is that the person doing you the favor must have a great account on the card or else you might end up attracting negative information on your file.
Besides these two methods to build some good score on your card, you should also consider cleaning your report of bad information.
Remember that even if you have a good score you are still likely going to be denied loan from creditors on the grounds that there is negative information on your file.
Therefore, you should take advantage of the self-help repair method which allows you to clean-your-file-yourself, or you can as well see a good credit repair agency for help.