Are you having trouble with your credit lately, or you are sick of those calls from the credit card companies? The best thing you can possibly do for yourself is to raise your credit score and repair your credit. While it is never easy to repair your credit overnight, there are some good ways that you can raise your credit score and get the credit that you need. It will make life much easier for you.
The first thing you need to do is to start paying your bills off. This is the easiest ways to get your creditors off your back. You can get a debt settlement, or you could ask for the money from a parent or friend, but paying off those bills is the best thing to get your credit back on square footing. Once those calls stop, your life is going to be a little easier.
After you have found a way to pay off those bills, you need to get rid of some of your credit cards. This might hurt your score in the short run, but it will clean up a little bit of your credit mess. Get rid of the credit cards with the highest interest rates and never use them again. Make sure you don’t have more than 2 or 3 credit cards, and one is ideal if you can manage it.
The next time you apply for a credit card, do so through a credit union as opposed to a bank. This will allow you to get a lower interest rate, and you can still try to apply for a high credit limit. Depending on how your credit repair plan goes, you might be able to get more than you think you could get. No matter what your limit is, you can count on having a low rate to help keep your payments lower and this will also help you if you decide to transfer balances to lower your payments.
Time is the most important thing here when you are trying to repair your credit. Give yourself about a year before you try applying for new lines of credit or car loans unless you can get yourself a good deal. There is no point in getting yourself new debt until you are ready to repair your credit by paying off these new loans.
Repairing your credit score is something that is going to take time, patience and planning to pull off. Don’t be scared by the struggle because it will pay off handsomely for you once you finally have your credit score back to a respectable level.