There are a lot of ways by which you can get solutions for your bad credit. Your best options are with secured banks or loans from credit unions.
The first thing that you should do when fixing your credit is to check the accuracy of your credit report. You can commonly get these reports from Equifax, Experian, and TransUnion. Check if your report contains incomplete or erroneous details in it. If you see errors, you can opt for a dispute letter that you can use to inform the credit people about your situation. Upon receiving the letter, the credit agency authorized to collect credit reports is given 30 days to investigate your details. You have this right as mandated by the Fair Credit Reporting Act or FCRA. You should remember that putting less information in your letter will be more beneficial.
The second thing that you can do is get a loan secured by the bank or is with a credit union instalment. You can do this by approaching your bank or credit union. It is better to go for the smaller ones. Choose an amount within the range of $1,000 to $2,000. Commonly, the smallest value you can get is $250 while it can go to as high as $5,000. You do not have to worry about getting this money back.
The best way to approach this is to ask for bad credit help from a loan officer. A credit check is usually not asked because what you are doing is simply borrowing your own money. First, you have to deposit an amount in a savings account. You can get your deposited money as a loan. Every time you pay the monthly amount, you are carefully unfreezing the savings account. This procedure is risk-free. But you have to remember to clear your monthly dues. Plus, this way, you will be spending less money because a lot of banks and credit unions charge a very small amount as interest for loans that are secured. This will eventually bring up your history. You may also do this in multiple institutions.
There are many other options like bad credit credit cards. All of these ways, including credit cards for people with bad credit, require patience. Eventually, your ratings will be brought up. Just remember that you fulfill what is expected of you. And make sure your reports are correct.