6 Ways to Rebuild Your Credit

credit card debt

From paying your bills on time to getting a credit builder loan, it’s never too late to reestablish your credit.

Credit can be confusing. Having good credit means that you’re able to borrow money and access low interest rates for home or vehicle loans and credit cards. But, what if you don’t have good credit? 

Many Americans don’t. In 2020, more than 30 percent had a credit score below 670, which is defined as “fair” or “poor,” according to credit bureau Experian. (Scores above 670 are considered “good” to “exceptional.”) The good news: If you’ve struggled with your credit, it’s never too late to do something about it. 

“Your credit is not a terminal illness,” says Katie Bossler, quality assurance specialist at GreenPath Financial Wellness. “It’s very fixable.” READ MORE