The first thing that you will want to do is to obtain a free copy of you credit report. You can get this online, and it only takes a few moments. You are eligible to receive one free copy of your credit report annually. Pulling your credit multiple times in a year can actually hurt your score, but once a year will not hurt it.
Take a look at your credit report. You will want to check your credit report for any errors, as creditors are human and can make mistakes. If you find any errors on your credit report you will want to contact the credit reporting agency and creditor via mail to dispute the error. Include a letter discussing the error, as well as any documentation to back your case. They will review it within thirty days.
Take a look at the loans and credit card debt you have. Close any cards that you may not need, as several cards on your credit report can actually be a bad thing and hurt your score. Transfer balances to lower interest rate cards, as this may save you money in the long run. If there are any small balances on your credit report, try to pay them off first before you work on the larger ones.
Work with creditors that you may have past due accounts with to try to get back on track with your payments. Chances are that if you are willing to work on paying off the amount past due, they will be willing to work with you in a payment plan. Any plan you may get worked out with them you will want to get in writing for your reference.
It can take some time to repair your bad credit, but it is something you want to stay on top of if you ever want to obtain a line of credit in the future. Start with some of the smaller debt, and once they are paid off you can use the extra money to pay off some of the larger debts and get yourself back on track to a better credit life.
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