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The first thing you need to do is check your credit score to make sure that there isn’t any errors. Check to make sure that there are no late payments listed incorrectly on your report. You also need to make sure that the amounts you owe on your accounts is correct. If you find any errors on your credit report, file a dispute with the credit bureau. You can request a copy of your credit report for free.

If you happen to forget when your payment is due, you need to set up a payment reminder or a recurring payment schedule. Most companies have the option of signing up for an email or text message when your payment is due.

One of the biggest things you can do to repair your credit is reducing the amount of debt you have. 30 percent of the debt you owe is calculated for your credit score. The more debt you owe means that your credit score will be lower but you can improve that. You should have a goal to keep your credit utilization under 30 percent.

Payment history counts for 35 percent of your credit score. You need to make your payments when they’re due. Even if your payment is a few days late, it’ll have a negative effect on your credit score. If you need to adjust the amount you pay, contact your creditors. They may be able to work with lowering your monthly payments if you’re having trouble paying your bills.

Try to pay down your debt as much as possible if you’re able. The lower amount of debt you use means that you’ll have a higher credit score. Try to keep balances low on all of your credit cards.

It’s best to keep your unused credit cards open. If you close these accounts, you’ll be hurting your credit score. Don’t open too many new credit cards in a short time period. Opening too many credit cards in a short amount of time will lower your credit score, and it won’t look good on your credit report. Creditors may start to wonder why you need so much available credit. You may be considered risky to a creditor.

If you have bad credit, you’ll want to try opening new accounts. Be sure to pay the payments when they’re due to raise your credit score. Just because you have a bad credit score doesn’t mean that you can’t fix it.

It’s not wise to open new credit accounts just to adjust your credit utilization. This may end up backfiring. Only apply for credit accounts that you need such as emergency situations. Always use credit cards responsibility. Having credit cards and installment loans will raise your credit score overtime if you make your payments when they’re due.

It can sometimes take years to restore your credit score to a high number. Here’s how long activity stays on your credit report:

  • Late Payments: Seven years
  • Repossessions: Seven years
  • Bankruptcies: Seven to 10 years
  • Short Sales: Seven years
  • Judgments: Seven years or longer