Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Bad Credit-Credit Cards and other Credit-Cards topics.
By opening an account with a bad credit credit card, you can start improving your credit rating each month. Because credit card companies report to the four major credit bureaus on a monthly basis, every month that you responsibly use your credit card will positively affect your rating. Your on-time payments to your bad credit credit card will prove to other lenders that you are a responsible credit user. Just be sure that you pay the balance on your bad credit credit card each month as non-payment will negatively affect your credit score.
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Jennifer Mathes, Ph.D. |