Back to FAQs category About Credit About bad credit Searches on your credit report Your credit card application Using your credit card Managing your account Statements, payments & interest Safety & Security Photocard Secured Card Aspire® Elite Card Mobile App Complaints Payment Protection Insurance (PPI) Subject Access Request Payment Services Directive (PSD2) About bad credit What is a credit history and what is bad credit? A credit history is a record held by credit reference agencies like Equifax and Experian, of the credit you currently have and have held in the past. It also records how well you've managed that credit. There are many factors that determine your credit history. For example, you may find you have bad credit if you have missed payments or defaulted on a loan. What implications will bad credit have? Bad credit may stop you obtaining things such as credit cards, loans or mortgages in the future. How can I repair my bad credit rating? There are many ways to repair bad credit, including credit cards for people with bad credit that help rebuild a bad credit rating. To build your credit rating and potentially be eligible for credit limit increases, use your card sensibly by making your monthly minimum payment on time and staying below your credit limit. Not doing so could harm your credit rating. By getting credit, staying within the limit set by your lender and not missing any payments, you can build a credit rating from scratch or improve one that's not very strong. How long will it take to repair bad credit? There is no set time to repairing poor credit. As your recent credit history impacts your credit rating, your potential credit score should gradually improve, providing you manage to stay on top of your current and future repayments Can Capital One help? Capital One Classic is a credit card for bad credit and can help repair poor credit, which can rebuild a bad credit history or improve your current rating. To build your credit rating and potentially be eligible for credit limit increases, use your card sensibly by making your monthly minimum payment on time and staying below your credit limit. Not doing so could harm your credit rating. The Capital One Classic Card credit limit is reviewed regularly, offering up to two credit limit increases per year, subject to eligibility, while our email alerts help you keep on top of your spending and manage your finances. Any final tips? Be sure to cancel any unused credit cards. It's also worth spacing out any other financial applications (for things such as store cards) to avoid looking over eager to get credit. Being turned down for a credit card may damage your credit rating. Safely check if you could be eligible for a Capital One credit card using our QuickCheck tool. This checks your eligibility across all of our cards without damaging your credit rating.