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Bad Credit Score can be improved/ rebuild even without Credit Cards. Primarily you need to repair your credit history before you see your Credit Score improvement.
The following factors are to be considered in case to improve your Credit Score:-
1.Make all overdue:-
It is extremely important to pay your bills on time. This affects 35% of your score Pay on time, all of the time. Your credit scores can be significantly impacted with just one late payment reported to your credit file.
2.Pay down balances:-
If you currently have credit cards and are using more than 30% of your limit then you want to follow this portion of this guide. Pay down high balances that put you over the 30% rule. Stay under 30% and maintain a low balance as mentioned previously. This factor alone is the second biggest impact to your score at a whopping 30% of your score.
3.Pay all EMIs regularly:-
Use auto-pay to pay the minimum every month and your scores should continue to improve with healthy, responsible activity.
4.Monitor your credit score:-
It is available FREE once a year from Credit Bureaus like CIBIL, Experian, CRIF etc.Complete a thorough review of your credit report. You are legally allowed a free copy of your report from each bureau once a year. Look for inaccuracies in balances, payment history, questionable collections.