Bad Credit Checking Account

The first step to rebuilding your bad credit involves cleaning up your dirty credit score. You might not even be aware of what your credit score is. In fact, can you remember the last time you look at it? It's probably been quite awhile. Thank goodness the United States Government passed a law that enables you to check your credit report for free - Annual Credit Report

After you've called the credit bureaus and disputed anything that you think is wrong, you might wan to sign up for a bad credit checking account. Bad credit checking account are exactly what sound like. These bank accounts are FDIC insured and they provide all the features of a traditional bank account, but with one caveat - they charge a monthly fee.

Some banks charge higher monthly fees than others and it's important you request an informational packet before deciding on whether or not to open an account with that bank.

The Second step to rebuilding your bad credit involves opening a credit card. Now it doesn't really matter what kind of credit limit you can get when you sign up, it's just important you sign up for an unsecured credit card and not a pre-paid credit card. This will make all the difference when you consider the long term implications.

The thid step in building you bad credit score involves making payments on time. If you forget to make a payement, you'll prohibit yourself from making any progress. Some advantages of having a real checking and account number for your bad credit checking account will enable you to make payments online in case you move and don't receive your bills in the mail.