Repairing bad credit is possible but time-consuming. It’s also a minefield. You need to know what steps to take, where to find help and which companies to avoid. The stakes are high, and the consequences could haunt you for years.

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Your credit report, history and score all wield a huge amount of power over your finances. They affect not only whether you get approved by lenders for things like a mortgage, personal loan or a car loan, but also the specific terms of the agreement, like how favorable your interest rate is going to be.

If you want to learn about the various tools, methods and habits that can help you improve a poor credit score, read on.

10 Tips for repairing bad credit

Martin Lynch, director of education at Cambridge Credit Counseling, says that you don’t have to be a financial wizard to fix your credit successfully. The secret is to be proactive, so you don’t…

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