Things happen to people. I understand that. families get divorced, someone loses their income. medical bills pile up from illness or injury and the list goes on. Or you simply don't have credit. For whatever reason you have never had a credit card or car loan, never had a house payment.

You may live with your parents or significant other if found no need for credit. In the above situations, your final score is affected negatively. And even if you have no credit and no credit score, your insurance rates are still affected, some by as much as 400%, higher for car insurance. And for renter's insurance depending upon where you live, and the insurance company that is utilized. Your credit score affects virtually everything you do in your financial life. But what can you do if you're trying To come out of the abyss of poor credit, you can attempt to remove the negative items.

Keep those positive items positive or add positive trade lines to report to your report. Most people recommend and only know of one method and that is through credit cards. your FICO score is dependent on many factors, one of which is the balance between your installment debt and revolving debt. How many accounts you have, most people are not aware of a much more efficient and positive way to add credit to positively affect your score, adding revolving and installment trade lines to your credit report. Even if you have just filed bankruptcy, you should and will recover much more quickly