Check your report — many creditors drag their feet on reporting your account status to the credit reporting bureaus. Check your report to ensure that your newly resolved debts are reflected accurately. If you find any mistakes or wrong information, file a dispute to have it updated right away. It is important your report be as clean as possible before you go looking for new credit.
Be patient — rebuilding credit takes time and effort. You shouldn’t be worried about getting new credit cards right now, but focused on establishing yourself as a responsible borrower. Take a few months to make a positive impact on your credit score before looking for new lines of credit.
Make a plan — when you are ready for new lines of credit shop around for the best deal. It is also important you evaluate your budget and where you could realistically fit in a line of credit. Take the time to plan purchases and avoid using your lines of credit for convenience. Instead, use your line of credit as a repair tool that you borrow and repay responsibly over a few months.
These tricks can have you on your way to a higher than ever credit score in a few months time.