From CreditCardInsider.com….
Damaged credit history and poor credit scores can throw a big wrench into your financial life.
You’ll have more difficulty obtaining loans and credit cards than people with good credit. If you do get a loan or credit card, you’ll usually pay a higher interest rate than people who have higher credit scores. You also won’t be eligible for credit cards with the best rewards and benefits.
However, if you have bad credit, don’t despair — there are several practical ways to begin reversing your situation and put yourself on track toward good credit.
There are six key steps involved in repairing your credit:
