Re-establishing your credit is one of the most important parts of building good credit. Many people who have experienced bad credit tend to avoid credit of any kind when working to fix their score. In the grand scheme of things, not having any credit is actually more likely to hurt your efforts than help them.
Why Does Re-establishing Your Credit Matter?
Working to re-establish your credit can help you show creditors and lenders that you are responsible with your money and can be trusted to pay back money loaned to you.
The easiest way to re-establish credit is applying for a secure credit card that reports to all three credit bureaus. By having a credit card reporting to all three credit bureaus that you consistently pay on time, you will begin to see improvement on your credit score!