Whenever consumers are done with their debt relief programs, whether they’re debt settlement, debt consolidation, credit and debt counseling or other forms of debt relief, their credit score is usually lower. What many debt relief companies fail to do is to inform their clients of what to do next once they have completed their debt relief program.
The most effective way to bring a credit score back up and over what it was is by acquiring and staying current on secured loans including:
- Mortgages
- Car loans (leases, financing)
- Student loans backed by the government
- Secured credit cards (with a security deposit)
The more secured loans, the faster your credit score will rise. If you’re unable to get secured loans or do not need any at the time, unsecured loans are fine as well. Unsecured loans will stick increase your credit score, although it will take longer, but they will get the job done nonetheless.
