Have you been having a hard time as a result of your poor credit? A lot of people’s credit scores are going down in this economy. Use some basic credit score repair tips to bring your score up.

For those with imperfect credit, it can be hard to secure financing for a home. If possible, apply for an FHA loan; these loans are backed by the United States government. FHA loans are also great when a borrower doesn’t have the money to make a down payment or pay closing costs.

Fixing credit reports must begin with a solid working plan that you are capable of adhering to. Be totally committed to changing your spending habits. Be sure to buy only the things that you need. When considering a purchase, ask yourself if the purchase is necessary and affordable, if you answer yes to both, you should buy it.

If you have a card that carries a balance of over 50% of the limit, you should pay it down to below 50%. 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.

In order to make sure that you do not overpay, know that you can dispute your really high interest rates. There are legal limits set in place to control the amount of interest a creditor is allowed to charge you, plus your original debt is all the credit card company paid when you made the purchase. However, you did sign an agreement to pay the interest. Be very wary of suing your creditors, especially if all of your issues were covered in the contract.

If you want to fix your credit avoid companies claiming they can remove all of your issues, even those properly reported. Unfortunately, negative marks will stay on your record for seven years. It is true, however, that you can remove inaccurate information from your report, but you do not need the assistance of a consultant to do so.

You won’t be able to repair your credit until you are able to pay those bills. Even more important than just paying your bills, is to pay off the entire balance, and pay them on time. Once you start paying your past bills off, you will notice an immediate improvement in your credit.

Use these tips to eliminate your stress regarding your poor credit. These tips can stop your score from plummeting and help it increase.