You may want to seek out credit consolidation programs if you find improving your credit scores difficult. If you can consolidate your debt, you might find it easier to keep track of payments and budget accordingly. This can help you make your payments on time. A good tip is to work with the credit card company when you are in the process of repairing your credit. This prevents you from sinking further into debt or further damaging your credit score. Credit card agents may have the authority to eliminate monthly charges, extend your due date or change your billing cycle.
Keeping an active savings or checking account at a local bank is a great way to begin repairing any credit damage. Active accounts demonstrate income and bill paying, which is a sign of financial responsibility. Make sure you never overdraw your accounts and pay your bills on time to show how responsible you are. Get a written copy of any payment plan you negotiate with a creditor. If the creditor tries to change the agreement or if it the company is sold to someone else, you will have documentation to support your case. When the debt is eventually paid or settled in full, you should request documentation of this and forward copies to the primary credit reporting companies.