Bad Credit Resource Center

Reducing your expenses to have more money to pay your debts is the most common strategy for fixing bad credit. However, you can also look at the other side of the equation… income. If you can generate more income you would also have more money to work off your debts.

While you’re repairing your credit, you’ll want to channel as much money as you can into savings and debt repayment.  Having a second income or even just a few hundred dollars a month more can mean that you get your credit improved faster. 

Having a secondary form of income can also keep your credit safe - if you lose your job, you can use the money you make from a secondary source to repay your bills until you find another job. 

There are a multitude of ways to generate more income:

-You can sell some of your “stuff” through the Internet or through a garage sale.
-You can rent out part of your apartment or house to make some extra money.
-You can ask your employer for a raise. 
-You can start your own home based business or small business that can be worked in your spare time. 
-You can get a part-time or weekend job.

Whatever you do, finding an alternate source of income in combination with reducing expenses can help improve your credit immensely.

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