If you want to avoid giving too much to your creditor, simply refuse to pay towards unfairly huge interest rates. It is important to know the terms of your original agreement for the debt you incurred. Usually if you agreed to the terms the terms will be upheld as legal. If you believe the charges are excessive and your debtor will not negotiate down the interest and other additional charges, state laws might provide you with additional avenues to pursue a reduction in these charges. Federal law provides that when you are billed by a collection company the fees and interest cannot exceed the amount of the original debt. Your initial agreement likely included a commitment to pay interest. If you choose to bring a lawsuit against your creditors, use the high interest rates against them.
Look over your credit report to find any debts that are outstanding or payments you might have missed. Ensure that all information is accurate, then begin to address discrepancies and problematic accounts. Then work off whatever highest interest rate debt you have first, while making minimum payments on the rest. When that is completely paid off, work on the next higher interest debt.
When looking over your credit report, look closely at the negative report that are listed. While the credit item itself may not be in error, if you can find a mistake in the date, amount, or any other factor, you may be able to have the whole item removed from your report.
It can be stressful to try and figure out how to improve your credit, but if you keep at it, you can make things better and see the results you want. Apply the knowledge from this article in order to assist you in repairing your credit score.