Fixing your credit is not an overnight process but you can get started right away. Here are some steps that you can take:
Get a credit card. If you have no credit you absolutely need one. But only spend what you can afford, and pay off the balance at the end of each month. Never drag on a balance by paying the minimum unless you have no other choice, otherwise you will end up paying high interest rates. Since you have bad credit you might need to get a secured credit card. A secured card offers no risk to the credit card company as you have to have a balance with them upfront.
Another type of loan that can build your credit is called a passport loan. This is when you have money in your savings account, you then borrow that money and pay off interest each and every month.
The best way to build your credit is to make payments on time each and every month. Try never to be late, eventually your on time payments will start to accumulate and this will be reflected on your credit score. This is a slow process and there is no magic wand that can speed up the process.
You just need to be patient, to do what makes economic sense, which is paying loans and debt off as quickly as possible to avoid interest charges, and eventually you will have a better credit.
