Bad Credit? How To Rebuild Your Credit History

Did you know that, even if you have bad credit, it may be possible for you to rebuild your credit history and reputation?

There are companies, such as My Green Dot, that issue prepaid, re-loadable credit cards. These prepaid cards will allow you to build discipline, and get used to using cards like cash - only buying what you can afford now.

After building your confidence with My Green Dot, the next step would be a cash advance line of credit. The issuer would probably require you to deposit a certain percentage of the credit line.

The key would be to use some of the advance every month for necessary expenses, and promptly pay off your balances. As you build a history of successful repayments with the issuer, they should slowly wean you towards an unsecured credit line. Your credit report and score will also start to look better.