Experts Talk


5 Dumbest Things to Do If Your Credit is Bad

Michael Fletcher November 30, 2022
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Everyone makes mistakes that could affect their credit. Not paying a cable bill or missing a mortgage payment may show up on your credit report.

It can affect your credit score.  Your credit report may affect your ability to get a line of credit. It can potentially affect your ability to get a job. It can also affect your ability to rent an apartment, or take out a mortgage.

You may be able to explain away one blemish on your credit report. However, it takes up to 7 years for negative items to be removed. During that time, you'll need to be extra careful. Avoid the following 5 dumbest things to do if your credit is bad.

SHORT VERSION – TL:DR: If you need help with getting your credit back on track by getting rid of debt- the best option is

Ignoring your creditors

If you owe money, ignoring letters and phone calls from collectors will only make the problem worse. You’re missing an opportunity to come to terms that take the pressure off you and your finances. 

Most institutions to whom you owe money will accommodate a flexible payment schedule.  You'll miss that opportunity to negotiate once the debt goes to a collection agency.  Accounts that go to collections typically remain on your credit report for 7 years. 

Not check your credit score

If you have been turned down for a credit card or loan, the first thing you should do is check your credit report. If you suspect there’s a problem on your credit report, the dumbest thing you can do is *not* check your credit report. 

You are permitted by law to receive your credit report every year from the three major credit reporting companies. 

The service is free. The report will show your score, and all the negative information that may have affected your score.  If you find incorrect negative information, you can contact the credit reporting company to have the information removed.

Filing for bankruptcy

Filing for bankruptcy will relieve you of most of your debt burden. The downside is that it will destroy what's left of your credit score. Especially if your credit is already bad.

Before declaring bankruptcy, it's a good idea to seek counselling from a debt relief provider. This person may offer alternatives that preserves your credit while reducing your debt burden.

Maxing out credit cards

Maxing out your credit card balance is a "dumb thing" when you already have bad credit. Levels of outstanding debt affects your credit score. 

Additionally, credit card companies charge fees on balances of 20% and more. This makes them an expensive way to borrow money, especially if you're in debt.

Not consult a debt relief provider

Sometimes the dumbest thing that people with low scores do is ignore opportunities to seek debt relief.  If you're deep in outstanding debt and your credit score is low, debt relief providers can offer a way out. 

Options available

For debt relief, you may look into debt consolidation and settlement. For this, you can't just go to your local bank if you have bad credit. You will have to use

They can help you get your debt taken care of with ease. If you just need help with repairing your credit, then there are great options. can help fix your bad credit. They have achieved fantastic results for their clients so don’t hesitate to contact them.