Debts that you may have forgotten about or been unaware of can seriously hurt your credit. So now it is time to exercise crisis management and to repair your credit score. The tips in this article will help you repair a low credit score.

Keep your credit card balances below 50 percent of your credit limit. Any balances that are over half your limit drag your credit rating down. So be sure to pay your credit card down or, if you can not, try to use another credit card.

You can keep your interest rates lower by working to keep your credit score as high as possible. This will make your payments easier and it will enable you to repay your debt a lot quicker. Getting better interest rates leads to an easily maintainable good credit score.

Credit Report

When beginning your credit restoration journey, remain wary of companies pledging to get negative credit report entries deleted, especially if those entries are accurate. Negative entries that are otherwise accurate will stay on your credit report for a minimum of seven years. Be aware, however, that incorrect information can indeed be erased from your record.

Never hire a credit counseling company without doing some research, so as to ensure they are a reputable organization. There are some legit counselors, and there are some that have ulterior motives. Other programs, while they sound good, are complete and total scams. Intelligent customers will make sure to determine the legitimacy of a credit counseling agency before acquiring their services.

Do not involve yourself in illegal activities. There are scams all over the web that teach you how to create a new credit file. Creating a new credit file is very illegal and you can be easily caught. The criminal charges that you face will be very expensive, and you may also have to serve prison time if found guilty.

Officially dispute any errors you find on your credit reports. Draft a dispute letter that will go to each credit rating agency that shows an error, and prepare any supporting documents. Mail your dispute documents to the agency using certified mail and a return receipt so that you can prove the agency received them.

As you can see, common sense is the essence of rebuilding your credit and beating your debt. This information puts the lie to that notion, so start repairing your credit today.