I can recollect a couple of years ago when I had a bad credit score, and more issues on my report than I care to think about. I had no clue on how to build credit. Here I was with a credit history in the low 500′s and nobody would approve me for anything, without ripping my head off with high interest rates. Luckily though I had a background working around credit, and that made me begin to take a deeper look into how to build credit. I need to share with you my story and how my credit has reflected back.

First it’s likely good for you to grasp where I started at. In 2003 I opened a business and ended up not doing to well with it for some time. It was my first expedition into being self employed and this caused some real havoc on me financially. I could not afford to put gas in my car on occasion, much less the money to pay for my obligations in a timely fashion. I ended up getting things together, but by this time the damage was done. I had several credit cards that ended up being charged off and the bill collectors were coming after me.

In December of 2007 I had a car that started breaking down on me. I was twenty-eight years old and I needed to ask my father to cosign on a loan with me so I would not need to pay a loan rate at about 18%. By having him cosign for me I was able to get a rate at 4% and I still have that vehicle to this day. I have saved thousands of dollars in interest because of this. This, incidentally, was the first credit I had since the issues I had in 2003.

With having this vehicle loan now reporting on time payments, finally I was ready to get endorsed for a Mastercard in May 2008, but the limit on the card was only $400. While that was great and all, with my past credit report it took a long time for any other company to approve me for anything. Another option for me at this time also would’ve been to get a secured credit card to couple with the other credit I was establishing.

Come to find out, the limits on credit card accounts have a ton to do with our capabilities to get more credit. The higher your credit limits, the better it is for your credit. Think about it, if you are signing up for another credit card and had some problems during the past financially, then it’s very hard for any company to get a good read on whether or not you’d be a good credit risk. This holds especially true if you’re available revolving credit is only $400.

This is when I began learning about credit repair. I had a choice to make. I could either wait for 7 years minimum for this info to fall off my credit history, or I could kickstart things and find out how to do the credit repair. I chose to kickstart things, and I am so ecstatic I did. To make a long story short, i have been ready to get pretty much everything removed except two things, one being an open charge off account that has had some ridiculous costs added to it. I could even bring a court action against this company because they’re clearly violating my rights because they have not been able to come up with a full accounting of how they got their figures. This account is booked to fall off in just a couple of months so I haven’t worried.

Obviously I have had a pretty significant improvement in my scores with all 3 of the bureaus. I have now qualified for 2 more unsecured credit cards and may continue to see major enhancements in my scores over the next year. Now knowing exactly how credit works, I also got a $5,000 credit line that reports to the bureaus. Now this is not a normal account, and I can’t use it for much of anything aside from to purchase ebooks online from their website, but it’s's agreat account to have which has helped my credit score rather a lot, and opened up the door to afford me the chance to get the unsecured cards.

Had I not known how to build credit, or learned credit repair then I’d be nowhere near where I am right now. This has got me thinking, because I’m truly no different than anybody else that has had problems financially during the past. The only difference is that I learned how to build credit and I would like to be in a position to share my experience and information with anyone that is willing to learn. These methods work 100% of the time if implemented properly, but this is all done with the long -term in mind. If you’ve got a long-term vision you can also have these kinds of results.

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