How to fix bad credit after having been out of your job

Nelson Bay, NSW: It’s good to know that you have finally landed on a new job after months of searching. However, the bad news is that while you were on the hunt of a new job, you maxed out all your credit cards, paying for basic necessities, or maybe missed a payment on your mortgage, or even missed out paying some bills. If this is true, then the matter is serious for your financial status, because it can take a serious hit at your credit score.

Nevertheless, there are some credit repair advices that can come in handy for you. Especially if previously you were regular with credit card payments, but due to being out of a job you had to max out your cards to pay the bills, then the present time is the best to start paying down those balances using your new source of income.

A quick way to increase your credit score is to reduce credit card balances to 25% or less of whatever your available credit is? But then, “What about blemishes on your credit report?” you think. Well, there is a very good chance that the late payment on your credit report is a mistake, because the truth is that 1 out of 10 credit scores were inaccurate. So, as a consumer you can always improve your credit to a large extent by ensuring that the information on your report is correct. But then if the credit problems are real, which means that you actually did go through a foreclosure or a default and this what you need to do to improve your credit score.

Once you have the new job and your first pay-check in hand, resolve to pay all your bills on time. With the passage of time, old credit problems have less and less of an impact on your score.

Open a secured credit card. It will ensure that your credit score never goes down.

About us

Fix Bad Debt specializes its focus completely on credit repair, assessment of credit files, and any other credit file related issues which may pose as an obstacle when you are in need of taking financial aid from banks or other financial organizations. Fix Bad Debt is not to be confused with finance brokers as they solely function on their own and do not share any client information with any third party.

If you require checking your credit score ratings, dealing with the removal of default listings, clear-out listings, court action listings, cross referenced files, or even amending incorrect file information, then Fix Bad Debt services is here to help. Fix Bad Debt staff belong from areas of financial services and collection/recoveries industry which gives them a deeper understanding of how bad credit files eventuate and what is required to remove adverse listings.


MTA Credit Partners Pty Ltd as Fix Bad Debt

Suite B, Level 1, Dirigeree Road,

Nelson Bay, NSW, 2315

Phone Number: 02 4984 1213

Fax: 02 4984 3671



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