"How do I get a good credit rating now that I've ruined my credit rating?"You need to figure out what got you into this situation. The habits that got you there are the ones that must be reversed in order to get you out of a bad credit rating. You must make purchases on credit. Then you must make all of your payments on time. You need to pay off all of your debts consistently, not just for a couple of years. It only takes one or two failures to pay on time to ruin your credit rating for years. You need to avoid the risky activities that lead you into putting more money on your credit card each month than you earn.
In many cases you are reported the moment a business doesn't think you'll pay on time. At that same moment your account may be sold to a collection agency, which will begin taking aggressive actions to intimidate you into paying off that de bt before paying for anything else. These collectors will continue to find ways to hurt your credit rating as long as you owe money.
You can't fix the credit rating you get until you come up with a way to erase your debts. Start by spending less money than you make. Even after you get your debt eliminated, you still have to build up your credit rating again.
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