From my experience, here are 3 basic steps to repairing your bad credit fast.
-Start to earn more money and put them in a saving account with your favorite bank.
-Repay your existing loans and other financial commitments; the more, the better.
-Open a term depost with your preferred bank.
After implementing all of these 3 points, you can try how effective they are in improving your credit standing with your bank. Go there, and fill in a loan application, or a credit card application. Don't forget to list all your current savings, including term deposits.
You'll be surprised, how impressed the loan officer is going to be...
One final word: when your deposits are, say $10,000 apply for a loan below that amount, say $4,000 over 3 years, for investment purpose - if they ask you.
You're guaranteed to get approved. Obviously, your credit score will go significantly up, and your bad credit history will be forgotten. Anybody, with a bit of a financial discipline, can succeed in doing it!
