When should you start taking action to rebuild bad credit? When you should start getting help in repairing your credit? Unfortunately, some people are not even aware that they have bad credit until the damage has gotten worse. Others may ignore the fact that they need help leading to more serious problems. Listed below are warning signs that tell you that you may be in need of bad credit repair:
1. Your credit card application has been rejected. If a credit card issuer rejects your application, you either have a poor score or bad credit. Such a rejection can pull down your score even more so it’s very important to check the issuer’s credit requirement to make sure that you’re qualified. Of course, you need to look into your report as well before submitting your application
2. Creditors are calling you about your debts. If you’re starting to receive calls from creditors remind you about your due dates, you should be alerted about your credit situation. You may have fallen behind on your repayment many times that your debts have accumulated. It would be more difficult for you to manage repayment when debts build-up due to the additional interest rate and penalty charges.
Read more Signs that You Need Bad Credit Repair
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