Having bad credit can leave you in a state in which you feel hopeless and incapable of doing much. It’s important to improve it as soon as you can so that you can access more opportunities, so read on to see some of the ways in which you can stay competitive despite having poor credit.

Buy the Cheapest Car You Can

If you absolutely need to have a car due to work or some other commitment that makes it impossible to live without a car, go for basics. Apply for owner occupied loans if you have a property, and get the cheapest car you can as long as it’s functional. This will save you a lot of money which you can put to use paying off your credit. Alternatively, make do with Uber and similar applications so you get the convenience of having a car without all the expenses it comes with.

Live and Work in Big Cities

If it’s an option, relocate to a big city where you will enjoy amazing subway and public transport services. This will enable you to live efficiently without the need for a car as everywhere you need to go will likely be easy to access using public means, riding a bicycle, or even walking. You will be able to work and improve your experience, which will help you become more employable in the long run.

Use Prepaid Credit Cards

Since it will be hard enough to get credit cards for you, you will have to use prepaid credit cards. Make sure to manage your money well, as this and owner occupied loans might practically be your last option and you don’t want to burn too fast through everything.

Stay Positive

Finally, keep a positive mindset and know that if you work hard enough, you will be able to improve your credit. With about 68 million Americans having poor credit, you’re far from being the only one. Since many people have been able to pull themselves out of poor credit and build a better life, you too can do it, so don’t entertain thoughts that don’t go along this line.

With the tips above, you can stay competitive and improve your credit score for a brighter future. You can look into owner occupied loans for an emergency, but make sure you don’t abuse what you have access to at the moment because you don’t know what the future holds.