No matter how bad you current credit situation is, you can recover from having bad credit.
Bad credit is not permanent and there are steps you can take to recover from it.
The first thing you need to understand is that you have to take a proactive approach to improving your credit rating.
Nobody is going to do it for you, even if there are errors on your credit report.
The first step to take is to get a copy of your credit report.
The laws say you are entitled to one free copy each year from the three main credit bureaus (Equifax, Transunion and Experian).
Once you have a copy in your hand, you want to highlight all the negative and incorrect entries on your credit report, it is estimated that at least 60% of credit reports have errors on them.
Once you have pointed out these items you want to begin disputing them with the credit bureaus.
It is important that you dispute them one at a time so that they are not flagged as frivolous or baseless disputes, bureaus can deny even investigating your disputes if they think that you are trying to dispute negative items that are legit on your credit report.
If you have you have other credit accounts that are in good standing, it is very important to keep them that way.
If they go into a past due status as well, they will ruin any work you are embarking on with other accounts and bring your credit rating lower.