How can I get credit even with a poor credit history?
Darryl founded Smith Financial Advisors Inc. in 2006 after over 30 years experience in financial services including Mergers & Acquisitions, Investment Banking and traditional Commercial Banking activities at Bank One. Smith Financial Advisors is a Registered Investment Advisor in the State of Illinois. The firm specializes in Investment management, financial planning, and retirement planning.
While your score isn’t viewed as “high” to most creditors, you still have enough room to improve.
Your FICO score affects more than whether you’ll get approved for a loan or you’ll be losing out on more than just your loans. This means that your credit score might be affected your job, insurance premiums, and where you live.
It can be unfair because it can be easy to ruin your credit score. Avoiding debt or having a series of missed payments could lead to bad credit without any fault on your end.
Fortunately, getting your credit score back to “good” rating isn’t as difficult as one thinks. While it won’t happen overnight, by paying your payments on time, taking out credit when it’s needed, and taking care of your expenses, you’ll start to see a gradual increase in your credit rating.
First, we’ll start by looking at your FICO score and how it affects your life, and what you can do to improve it.