Having a poor credit score can be a major obstacle when it comes to getting approved for loans and credit cards. Fortunately, there are steps you can take to improve your credit score and clean up your credit history. The most important thing you can do is pay your bills on time. Late payments can have a major impact on your credit score, so make sure you're always paying your bills on time.
Additionally, if you have any outstanding debts, try to pay them off as soon as possible. It's also important to avoid taking on too much new debt. If you're applying for a loan or credit card, lenders will check your credit report and too many inquiries can hurt your score. Try to keep your credit utilization rate low, ideally below 10%.
If someone asks you to co-sign a loan or credit card, be aware that all of that debt will be attached to your credit report. Be wary of companies that claim they can repair your credit or clean up your credit report. The only way to improve your credit score is by taking the steps outlined above. Finally, remember that lenders will check your credit report when you apply for financial products such as loans and credit cards, as well as apartments. So it's important to keep an eye on your credit score and take steps to improve it.