Get Back On Track: 6 Strategic Steps to Fix Your Credit Score


Are you one of those who constantly loan money just to pull through the day for shortcomings? While there’s no problem with that, you might also need to consider that glitches could happen along the way, especially if you’re irresponsible with dues. Thus, past payment failures mean you’re incautious, which would contribute to a bad credit record.   

But, if you think that you’re on the brink of having the lowest credit score, remember that it’s not too late to get back on track. You still have ample chances of getting a loan anew to endure unfavorable circumstances. To take you out from the storm, we have provided six effective strategic steps to fix your on-the-verge credit score, just for you!

  • Review Your Credit Record

When you have a bad credit score, it’s barely impossible for lending and bank companies to accept your loan application. As the first step in fixing your bad credit record, you must review and know your credit score. With that said, as the bridge to financial freedom and literacy, Crediful is ready to help you fix your credit problem.,

Reviewing your credit record is vital when you’re fixing your bad credit score. Assessing and evaluating means that you’re beginning to recognize the importance of how it’s calculated, how payment failures contribute to the credit score, and how beneficial it is to have a good credit standing for future use. Nevertheless, having the record on hand allows you to adhere to problems that can be immediately resolved. 

  • Point Out and Fix Errors

Credit agencies are responsible for determining your credit score, and knowing how they calculate the rating and assess and evaluate the factors that affect your credit score is important. In fact, more often than not, apparent information errors appear to affect your credit score’s gradual decrease immensely. Thus, it’s crucial to identify the mistakes and fix them as early as possible to prevent further problems.

The common type of errors include:

Personal Information: Misspelled name and wrong or missing portions of the address and contact number information.

Data Errors: Irregularities due to mishandled credit-keeping by the agency or third-party.

Account Problems: Accounts that seem to belong to someone else, closed accounts that appear open, and illegal setting up of an account because of identity theft and fraud

  • Pay On Time

One of the major factors that affect your credit score is payment history. When you repay on time, it reflects that you are responsible for managing your account. With that, you’ll have a higher chance for loan approval because of your credit score. On the other hand, when you have late payments, it would stay on your credit history for seven years, and it’s not a pretty image when you plan to obtain a loan. 

Moreover, you must practice prioritizing early payment of dues so that you’ll be accustomed to it. As a result of not failing or missing due dates, you build strong credibility. Further, when you pass prior to the deadline, the creditors report you to the credit bureaus, heightening your creditworthiness. Consequently, as your credit score increases, your chances for loan or credit approval increases as well. 

  • Prioritize Which Bill Must Be Paid First

When your bills continue to pile up and seem hopeless to pay everything at once, paying what needs to be paid first is a smart move to fixing your credit score. For instance, if you have similar due dates during this month and don’t have enough money, review your bills and look for which one will skyrocket if not paid immediately. 

  • Keep Your Old Credit Cards

An old credit card that has been for a while for several years has a more beneficial contribution to your credit score’s increase than new credit cards. How? Here’s how it works. If you have a 9-year-old credit card, this means that you already have a long record of payment history. To cut short, the longer the credit history you have, the more it earns a score for your credit. Don’t discredit an old credit!

  • Open a New Credit Card

Another strategic way to fix your credit score is by opening a new credit card. Having a new credit card will increase the combined available credit, which will affect the credit utilization ratioto sum up, the smaller the ratio, the greater the credit score. 

Further, you must keep in mind that you open a new credit card to pay balances and not incur new and further debts. Also, review the annual fee amount to assess and evaluate if you can catch up with the terms. 


Hence, the plight of life is not a battle of the lone. If you’re one of those who are in despair and still puzzled about how to manage and get a loan due to a low or bad credit score, don’t worry because we have provided six of the many effective ways to fix your score. Nevertheless, it’s the best time for you to improve your credit score before you really need them.