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3 Ways to Live with Bad Credit

Having bad credit is not the financial death sentence it once was, that much is for certain. Today, there are ways to live your best life, despite the fact you don’t have a particularly good financial track record attached to your name.

Make the best of a bad situation by putting all the advice listed below into practice. If you do, your bad credit score need never bother you again.

Be Confident

Sometimes, that little voice in the back of your head will tell you that you can’t make certain investments or get certain jobs because of your bad credit score. While this might very well turn out to be the case, there’s no harm in trying your luck all the same. No matter what state your credit is in, or what the voice in your head tells you to do, be confident and go for whatever it is you want to do in life.

If you are ever faced with the specific plight of the pre-employment credit check, remember to:

  • Never panic – you’re probably not going to be the only applicant with bad credit.
  • Be honest – hiding your chequered financial past will only come back to haunt you going forward, mainly because your potential employee won’t feel like they can trust you.

Accept Help

Today, there are plenty of companies and services like Lending Valley bad credit business loans that are willing to help you circumvent the problems that have long been associated with having a bad credit score. All you need to do is accept the assistance that they offer.

One type of assistance that you can easily tap into in this instance is bad credit car leasing. By turning to a company such as CVS Ltd, you will be able to lease your dream even with a bad credit score, as long as you can prove that you can afford the payments. They will offer you a PCH car finance contract that is flexible and tailored to your specific requirements, meaning you won’t have to worry about landing yourself in more debt when you accept the help that they offer. Just make sure that you submit bank statements showing incoming and expenditure.

Repair Your Credit

The best way to deal with bad credit is to seek to repair it. Even if you aren’t able to fix your specific financial problems, showcasing the fact that you are actively seeking to better yourself in this instance will prove to potential employers, landlords, and investors that you are more mindful about money than your credit score makes out. If you’re lucky enough to catch these people when they’re in a good mood, this alone might be enough to convince them that you aren’t a financial risk.

If you’re serious about repairing your credit, be sure to follow this simple process:

  • Review your reports and spending habits
  • Dispute any errors or incorrect late-payment entries that you come across (you’ve got enough on your plate without having to contend with mistakes being made by the credit bureaus)
  • Be polite when requesting credit leeway
  • Increase your credit limits
  • Make more than the minimum payment each month
  • Open another credit card account that won’t charge you an annual fee
  • Pay off your credit accounts with the highest interest rates first