If your credit score isn’t as high as you would like it, you can call your banks and voluntarily ask them to lower your credit limit. This should only be done if your current balance isn’t near the limit that you wish to lower to. Maxing out your cards does you no good.
If you see errors on your credit reports, dispute them with the credit agency. Include proof along with a letter disputing the claim to the agency that recorded the errors. Make sure that you send the letter via recorded delivery, so that you can prove that the credit agency receives it.
If you have suffered job losses due to the economy, you may not have the cash to pay all the debts you owe. Be sure to give a portion of your spendable income to each of your creditors. Even if you can only meet the minimum payment, you will avoid having the bill sent to collections.
Look into credit counseling if your credit is a wreck. Credit counseling agencies can help you reduce your debt, and guide you to live within your means. The courses can be tough and will require cancelling all of your existing cards while also paying towards their debts each calendar month.
Part of having a good credit score is being timely with monthly bill payments. Sign up for payment reminders to make sure you remember to make payments. There are many ways to set reminders for yourself. Set up your online account so that an email is sent to you or have your debtor text you a reminder.
Now that you have a good idea about various methods and techniques for repairing your credit, why wait until later to put your plan into action? Don’t let your credit score ruin your life; instead use this information to begin repairing the damage.