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Spending While Rebuilding Your Credit


After a financial rough patch, it’s time to repair your credit score. Because a credit score can affect so many different aspects of your life, such as how much you’ll pay for auto insurance, a mortgage, and even whether or not you’ll qualify for a new job, it makes sense to get your credit score repaired as quickly as possible. 

One of the first problems that many people who are trying to improve their credit score encounter, however, is that they have no way to obtain enough credit to improve their score. In order for a credit score to go up, a credit rating agency has to be able to track how a person is using a new line of credit. Making on time payments and making sure that the loan is paid in full every month are two ways that a person can improve their credit score. 

The trick, of course, is to find a loan or line of credit while a person’s credit score is so low. Many banks will refuse to work with people who have low credit scores or are considered to be “sub-prime” candidates for a loan. Fortunately, some credit card companies are more lenient with their lending standards. 

For example, a 24/7 Card has been used by many people to rebuild their credit scores. The card has been issued to plenty of people with poor credit, even people who have had bankruptcies, foreclosures, and repossessions on their credit history. Once a person has opened an account, he or she is able to use the card just like any other credit card. 

By using the card for everyday spending and regular purchases, a person will be able to reestablish their credit history. Making sure to pay the card on time every month and make the minimum payment will also help to improve a credit score. It should be noted that is not necessary for a person to pay their full balance every month. As long as the cardholder makes the minimum payment, his or her credit score will improve over time. 

Obtaining a basic credit card will go a long way towards helping a person to improve his or her credit score. In addition, having a credit card will also make it possible to make purchases online, buy airline tickets, and participate in other financial transactions. After several months, a person will be able to qualify for other loans. 

This has been a guest post – I hope you enjoyed it!



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. Obtaining a cc will help and so will using reputable credit repairing agencies.
    My friend has done it for years and has helped thousands get their score to improve.

  2. Is the 24/7 card a secured card or unsecured? I have seen where secured cards work wonders for some people. No risk to the bank and only cost is maybe an annual fee on the card. Win win.

  3. There’s rebuilding your credit over time by managing your money wisely. And there’s fixing your credit by getting some of the past problems removed. I know, most experts say you can’t do that, but I did it, and didn’t do anything unethical or illegal, all I did is ask (of course, you need to ask the right way, but it can be done)>

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