Follow these Steps to Rebuild Credit Score in Paris

Follow these Steps to Rebuild Credit Score in Paris

Posted by on Aug 18, 2021 - Archived under Uncategorized

We tend to recommend using credit cards to help you rebuild credit but there are actually dozens of ways you can do it. Today’s post is going to outline a few more steps to rebuild credit score.


We asked our Paris auto loans team to outline a few straightforward steps to rebuild credit score. Here are some of the better suggestions!


Have rent payments reported


Some landlords will mark rent payments on your credit report and some won’t. If you’re a renter, we recommend asking your landlord to record your payments with one of the credit bureaus so you can begin seeing a little benefit from always paying on time.


If your landlord doesn’t mark payments, contact the Landlord Credit Bureau as they may be able to assist.


Use your phone contract


If you have a contract phone that’s nearly up, make sure your next one reports your payments to the credit bureaus. Not all providers do and it does mean taking a contract rather than using a cheaper provider but if you’re rebuilding credit, it could be worth the extra expense.


Do your research on what mobile providers report payments and find a good value contract with one of those. The more positive entries you have on your credit report, the faster your score will increase.


Create a household budget


A sure way to stay on top of everything is to know where all your money goes. The easiest way to do that is to create a budget. This is something we recommend all our clients do to help them fully understand what’s coming in and what’s going out.


Use an app, use a spreadsheet, use pen and paper. Whatever you use, make sure to create an accurate budget and keep it updated.


That way, you’ll always know where you are financially.


Settle bad debts


Make sure to settle any bad debts as quickly as you can. While these other tips can help you rebuild credit, having bad debts hanging around will only drag you down again.


Prioritize settling any missed payments or bad debts before saving or before other types of debt. Then, once you’re up to date, you can prioritize expensive debt first again to minimize interest charges.


Keep old credit card accounts open


When your credit score is where you want it to be, you can close any account you don’t use to keep life tidy. However, when you’re rebuilding, keeping card accounts open but dormant means the credit limits count against your credit utilization, in a good way.


Lock the cards away, cut them up or whatever you need. Just keep the accounts open while you’re rebuilding. Then, when you’re ready, you can close the accounts if you want to.


After you have taken some steps to rebuild credit score, you can talk to one of our team about how a car loan can help with your efforts.


For those of you who know that you have a challenging credit situation, please visit Dixie Auto Loans where we have a team of credit specialists ready to help you get approved for a car loan today!



For any questions or concerns, please don’t hesitate to contact us here!


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