TIP! When you want to fix your credit, you need to start somewhere. Have a realistic plan and stay with it.

It can be stressful to have to deal with a negative credit score. It can prove to be very frustrating when you find yourself constantly haunted by your past and the poor decisions you made. Although getting your credit back up to speed can be difficult, there is no reason why it cannot be done. These suggestions can help.

TIP! Try an installment account to get a better credit score and make some money. With an installment account there is a monthly minimum you need to keep, so only open an affordable account.

Getting money for a home loan can be difficult, particularly when your credit is less than perfect. Try to secure an FHA loan; these are federal government guaranteed. You may even be able to secure your down payment and closing costs through an FHA loan. It depends on if you qualify.

TIP! When you are trying to fix your credit record, call your creditors and make payment arrangements that will benefit both of you. This prevents you from sinking further into debt or further damaging your credit score.

Pay down the balance on any credit card that is 50% or more of the credit limit. Creditors like to see you using your accounts, but still keeping your balances under 50% of your allotted credit.

TIP! Make sure you research a credit counselor before you visit them. Many counselors are on the up-and-up and are truly helpful.

Good credit scores mean you can easily qualify for a home or car loan. Making mortgage payments in a timely manner helps raise your credit score even more. As a homeowner, you will have a major asset that can have positive effects on your credit profile. That way, you will be in a better position to secure loans in the future.

TIP! Call your credit card companies and request that they lower your limit on your cards. Not only will this prevent you from owing more, but it will be reflected in your credit score because it shows that you are responsible with your credit.

Work with the companies to whom you owe money to get your debt back under control. Maintaining contact shows your good faith and can help you minimize further debt. Do not be afraid to call your credit card company and ask if you can make changes to your due date or your minimum payment amounts.

Credit Counselor

TIP! If you see any erroneous information on your credit report, file a dispute so you can have the information removed. Send an official letter to companies that have wrongfully lowered your score, and include documentation that shows the mistake.

Make sure you research a credit counselor before you visit them. The industry is rife with fraud and people with ulterior motives, so finding a legitimate credit counselor can be challenging. Other counselors are nothing more than scam artists. Wise consumers always verify that credit counselors are legitimate before dealing with them.

Contact your creditors to request a reduction in your credit line. This will stop you from racking up giant credit card bills, and show lenders you are responsible.

TIP! Make sure to fully read every single credit card statement that you get. Always check to make sure that you are being charged correctly, and not being double charged or charged for items that you did not buy.

Sign up with a credit union if you need to get a new credit line and are having a hard time. With help from a credit union you might get better rates than at another bank, since credit unions better understand the current area compared to the national situation.

TIP! Try and pay down any revolving account balances in order to boost your credit score. You can up your credit score by just keeping your balances lower.

The following advice will help you get back on the road to repairing your credit. Be consistent and be aware of your obligations. There’s no better time than now to start tackling your credit issues!