Your bad credit can label you as a sub-prime lender and banks can deny you heavy loans given the lack of succinct credibility. This might be discouraging initially, but to pull yourself out of this financial stigma, you need to put certain things in right place. There are multiple lenders who have an appetite to deal with sub-prime lenders too. You should strategize your financial behavior in order to raise your FICO score above 620.
Order a copy of your credit report and carefully scrutinize it. There might be certain inaccurate or old data, possibly an error. That small delinquency can cost you wrongly. Remove such factual misunderstandings and clean up your credit reports. You will have to accumulate all requisite information to prove your case, but the results will be worth your efforts.
Never pay less than minimum amount to be paid, always make payments in full due every month. Early payments can decrease the interest or finance charges. This can be reported by the creditors to the credit rating agency which helps improve your score. Never miss a date.
Keep one credit card, as multiple cards would attract annual charges which can be otherwise avoidable.
Try to use cash to settle as many payments as possible. It reduces the burden of credit card debts. To invest for a better credit score in future and acquire a desirable loan, you must cut down on your expenses. Follow budgeting and sound financial planning.