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At Champion Mortgage®, we know that sometimes bad credit is a fact of life. Knowing that poor credit problems can follow you for a long time, we always recommend starting with a clean credit history and working hard to keep your good credit. However, if your personal credit rating has suffered because of having bad debt, late payments or other personal finance issues, it’s never too late to turn bad credit around.
As you start cleaning up bad credit, what can you expect? Some bad credit information can stay in your file for up to seven years -- except bankruptcies, which can stay on file for up to ten years. Over time, as bad debts are removed, they’ll be replaced by positive information, and your credit rating will be improved.
Still, there are many strategies that you can employ to improve your bad credit right away. See our tips on Cleaning
Up Your Bad Credit to make a fresh start right now.
Even if good credit is a few years away, it’s
well worth the effort.
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