Poor Credit Is Only An Obstacle, So Push Through It

by Adam on February 1, 2017


Whether you like it or not, financial status plays a crucial role in your life. Not only does it influence your daily activities, but it also carries a huge impact on long-term factors. With this in mind, a strong credit rating is certainly beneficial. However, we all make mistakes; if yours is in a bad way, it doesn’t have to be the sentence you might first fear.

The harsh reality is that a poor history will make your future a little harder. But you’ve broken through barriers in other aspects of your life, and you’re more than capable of doing it again here. As long as you equip yourself with the right information, and act upon it immediately, you can still lead the life you deserve.

Here’s all you need to know.

time#1. It’s Never Too Late

A poor credit rating can feel like it’s choking your future, but it’s never too late to start improving your situation. As long as you start taking responsibility immediately, there’s no reason that you can’t have your status in a better position by this time next year.

There are many different ways to improve your credit score. From successfully paying off your debts to keeping well within your credit limits, each month of improvement will open up new doors. Perhaps the most crucial aspect, however, is to know that your data is accurate. If you live in America then accessing your free annual report at AnnualCreditReport.com will allow you to check that everything is accurate. In the UK Experian offer a similar service.

It might take a few years to get yourself if great health, but you’ll be amazed at how quickly you can get yourself back to an average looking score. And once you do, you’ll no longer feel as though you’re drowning in financial problems.


percentage growth#2. Good Habits Encourage Steady Improvement

When you’re in a hole, it’s tempting to think solely about the big gestures that will create the quickest and most noticeable impact. However, those changes are futile unless you couple them with the daily upgrades that will set you on the pathway to success.

A little effort goes a long way, and saving money on everyday purchases will slowly but surely leave you in a far more stable position. Meanwhile, incorporating ideas like growing fruit or cycling to work can help your pocket as well as your health.

Life is a marathon rather than a sprint. Adjust your way of thinking to appreciate the importance of those daily choices, and the rewards will soon show.

shopping tips for supermarkets#3. You Can Still Have The Things You Want Now

Your poor credit rating suggests that you’ve been a little irresponsible in the past. This isn’t always the case as unforeseen circumstances such as illness can be the root of your financial problems. Either way, though, handling your purchases in an efficient manner is now more important than ever. But if you’re ready to make those commitments, it’s still possible to move forward with your life today.

Most people in your position are fearful when it comes to making major purchases. However, auto loans for people with bad credit illustrate that some doors are still open. Ultimately, poor credit shouldn’t stop you from having a safe and reliable car. Just remember that making those repayments is non-negotiable and you’ll be fine.


Whether it’s a car, a home, or something else doesn’t matter. Some firms will allow you to use your job or other assets as collateral. A little research goes a long way, so make yourself aware of the options before giving up. You’ll often find that the situation isn’t nearly as bad as you thought.

money magical penny#4. There Are Ways To Boost Your Income

Credit scores are one thing, but they don’t dictate how much money you have. The best way to overcome the obstacles posed by a poor history is to increase your earnings. There are a number of options at your disposal, and they all start with learning to value your worth.

Investing in your resume and cover letters can have a telling impact on your job prospects. You don’t even necessarily have to change company to achieve your goal of an improved salary. If you truly believe that your work deserves a greater reward, there’s no reason why you can’t speak to your boss about a raise.

Career progress might not always be an option. However, there are plenty of ways to generate a side income via the internet. From blogging to freelancing, if you’re willing to put in the effort, you can earn a few extra dollars each week. It won’t be long before you notice the difference.

#5. Analyze Everything

In your position, rushing into decisions can be the worst habit of all. While you shouldn’t hesitate in buying the things you actively need, unnecessary purchases can lead you to an even deeper hole. Acquiring a more responsible outlook is vital.

It’s not only the direct impacts of the purchase that needs considering, especially when applying for credit. Remember that multiple credit inquiries can damage your credit score badly. If those smaller credit purchases can be kept to a minimum, you’ll still build a better history without harming your hopes of future deals.

Besides, taking on less debt means you’ll be paying less in repayments too. If sacrificing a few luxury items means that you can afford to live a more comfortable lifestyle, it has to be a worthwhile decision.

today is soon the past, the future is forever#6. Prepare For The Worst

The biggest problem with a poor credit history is that it can often remove the financial safety net. Borrowing money through a direct loan might not always be a possibility. So encountering an unforeseen problem could put you in a very unenviable position.


Saving money for a rainy day is the only solution. Comparing the best savings accounts at Nerd Wallet will allow you to make an informed decision to ensure those funds are in the best place. Even if that rainy day never arrives, that money can eventually be used as a large down payment on a significant purchase.

Apart from the physical benefits, the emotional security is something that we can all appreciate. Even if you live for the moment, keeping one eye on your financial future is pivotal. After all, fail to prepare, and you prepare to fail.


If you do have debt, have a look through the Magical Penny Debt archives for more ideas.


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