If you knew how much you owed and who you owed it to, you may have been able to avoided bad debt entirely. At this point, you need to practice some crisis prevention and start fixing your score. The following information is quick, simple and can help repair your credit if followed correctly.

Try to keep a balance of less than 50% of your available credit on all of your cards. Your credit score can be negatively impacted if you are carrying a large balance compared to the available credit you have. While you are paying off these cards, reduce the balance to a small percentage of your available limit.

If you do not want to pay too much, contact your creditors and tell them you will not pay on a interest rate that is astronomical. Creditors are skirting aspects of the law when they hit you with high interest rates. Remember you agreed to pay any interest that accrued over the life of the account. You need to be able to prove the interest rates are too high if you want to sue your lenders.

Do not fall for the false claims many have about their ability to fix your credit. The claim that they can remove accurate debts from your credit report is false. Negative info stays on your history for seven years! However, if there is incorrect information, you can have it cleared up easily by yourself.

You should consider talking to directly with your creditors when you are trying to improve your credit. If you do this you will not go into debt more and make your situation worse than it was. Call them and see if you can change the payment terms. They may be willing to change the actual payment or move the due date.

Credit counselors should always be researched thoroughly before being consulted for credit repair. Some counselors truly want to help you, while others are untrustworthy and have other motives. Also be aware that there are other credit counseling services run by dishonest people. These services are scams and should be avoided at any cost. Before you conduct any business with a credit counselor, check into their legitimacy.

As you can see, common sense is the essence of rebuilding your credit and beating your debt. You can easily achieve your goal by following this helpful information.