Reveals the Best Ways to Rebuild Credit

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The personal finance editors at (, have ranked the top ways to build credit.

Setting up online payment reminders or even creating cellphone alerts can help consumers stay on top of their monthly bills.

Today,, an authority site dedicated to personal loan options for people dealing with bad credit scores, announced the best ways to overcome poor credit reports. Based on a recent TransUnion study, people living in Santa Clara, San Jose, and Sunnyvale, California, are among those with the best credit scores in the nation, while those who live in Memphis, Tennessee, have some of the worst scores. While various factors, such as high unemployment rates, may be responsible for this disparity, CreditSources reminds people living in cities with low credit scores that it is possible to rebuild their credit.

1. Everyone Should Know Their Score
Although there are multiple credit reporting agencies that use different formulas to calculate scores, everyone should have a good idea of the range of where their credit score falls, whether it is in the excellent, good, fair, poor, bad, or nonexistent category. Understanding where one’s credit score lies can help determine the necessary actions that need to be taken to help repair the score.

Additionally, people should request their credit scores from the top three credit bureaus once a year to ensure that there aren’t any mistakes in their reports. Unfortunately, it is not uncommon for errors to show up on credit reports, so identifying and reporting them could automatically boost scores.

2. Secured Credit Cards Can Help
While traditional nonsecured credit card issuers generally won’t offer service to applicants with poor credit, some secured credit card companies will. With secured credit cards, applicants must pay a security deposit on the card, and then they generally receive low credit because they’re considered high risk applicants. But for those that are able to make payments on time and are capable of using a credit card responsibly, these cards offers a solid way of building credit. All secured credit card applicants should check that the card issuer reports their credit history to the credit bureaus before applying though.

3. Pay Credit Card Bills on Time
Timely payments often make up around 35 percent of a credit score. That means that when calculating credit scores, the credit bureaus take into account late payments, the frequency of late payments, and the amount past due. With that being said, it’s extremely important to make credit card payments on time. Setting up online payment reminders or even creating cellphone alerts can help consumers stay on top of their monthly bills.

About is a leading authority site on credit related consumer services, personal finance, unsecured personal loans for people with poor and bad credit, credit sources, credit cards, and all things credit.

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Chloe Mulliner
Bizx LLC
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