bad credit, budgeting, associate home loan

Bye Bad Credit: 5 Tips To Raise Your Score

Let’s Talk About Bad Credit!

Hello, good people!

Bad credit is defined as a score lower than 619. Sadly, even the most forgiving lenders typically won’t touch a score below 620. The unfortunate thing about bad credit is, all too often it happens to good people. If you happen to be one of those people, then you know it can really tarnish your image and will severely inhibit your borrowing power.

Ask me how I know?

I spent most of my 20s, make that ALL of my 20’s in the vicious cycle of being denied for everything from bank accounts to cell phone contracts. A low credit score can effect your likelihood of getting almost anything you want in your adult life. As a young adult, I recall not worrying a ton about what I did with my credit because after all, cash is king right (not that I had a ton of that either)?

This post was sponsored by Diamond Bloggers. All opinions are my own

If Cash Is King Then Credit Is The Emperor

It’s great to have cash. Cash can get you pretty far in life, but without having good credit you are certainly working harder and not smarter. You could have a great job earning a decent wage and technically be able to afford a mortgage, car note, or even a nice sturdy piece of furniture, but if your credit report says you are a flight risk when it comes to debt repayment you could be out of luck.

The good news is with time, effort, and patience you can rebuild your credit and live the life you want free of credit woes. Depending on what you want to purchase, credit is the only way to attain it. In my case, I needed to clean my credit up so that I could finally purchase a home. If that is also your dream, then check out a few tips below on how I got my credit in shape to secure a home loan!

bad credit, associate home loan, budgetingTips for Raising Your Credit Score and Securing a Home Loan

1. Get a copy of your credit report. The first thing you need to do is access the damage already done to your credit. Once per year, you can get a copy of your report for free with no impact on your score. Keep this copy handy because multiple credit pulls can lower your overall score pretty quickly. For a free copy of your credit report, click here!

2. Stop the bleeding. In the event you already have a credit card, stop using it immediately! Also, do not have anyone run your credit or apply for any new lines of credit. Put yourself on a total spending freeze for the next 6-12 months. This is the perfect time to start subscribing to my cash is king mantra. For the next few months, if you don’t have the cash to buy it outright, you simply can’t have it!

3. Dispute charges that might not be yours. Check your credit report thoroughly for errors. Maybe you and one of your parents or even a random stranger have a similar name and things have gotten crossed at your expense. If you don’t recall the debt, dispute it! Luckily for you, the onus is on creditors to prove that a debt is viable. If they can’t prove to the credit bureau within 30 days of your dispute that the debt is valid they have to remove it. So if you don’t recognize a charge or even if it’s been a few years, make them work to keep that on your report. Don’t rely too heavily on this method though, as sometimes creditors can just re-add the debt at a later date.


Commited to changing your financial situation? Check out this post about financial literacy!


4. Negotiate charges that are yours. For those debts you do recognize, contact the creditors and see if they are willing to negotiate a smaller pay off amount or offer a deep discount for making a payment plan. You will likely have a decent amount of success going this route.

5. Consider Consolidation. If your score is at least a 620 but you want to raise it by paying down debt without all the hassle of multiple payments, consider taking out a bad credit loan from Associate Home Loan. This is a great option because you can use the loan to pay off all your debts in full and then make one convenient monthly payment to Associate Home Loan!

Bonus Tip! Make a SMALL purchase using credit and pay it off promptly.

After a few months of paying off, disputing, and limiting your spending you could take your first stab at being responsible with your credit again. Take the plunge by making a small monthly purchase with credit and paying it off. In my case, I paid my cell phone bill with my credit card, and then used the cash budgeted for the phone bill to pay my credit card off. It’s a nice shuffle of funds while boosting your credit with each successful month you purchase and pay off.

Follow these tips for a few months and I promise you will be on your way to improving your credit score and living the life you deserve to live!

Do you have any credit tips you swear by? If so, please share them with us in the comments! 






  • ashley cooper March 7, 2019 at 1:48 pm

    Thank you for the great tips! I’m definitely going to pass this article on.

    • admin March 7, 2019 at 3:43 pm

      Thank you for sharing it Ashley!

  • Susan March 7, 2019 at 2:55 pm

    Lots of good tips. So easy to make those mistakes in our 20s. I did too. My thing is to not consolidate for me because there will be times I would need to use that credit card and then I would use it too much and end up in a worse situation. But that is my take on it from my own experience.

    • admin March 7, 2019 at 3:43 pm

      It can be a slippery slope to manage a consolidation but for me it saves so much more money overall.


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