If you had kept a record of who you owed money to then perhaps your debt could have been avoided. It's now time to buckle down and fix your credit. The following advice can help you easily repair your negative credit. Bankruptcy should only be viewed as a last resort option. This will show up on your credit for around 10 years. Although it sounds like an easy way to get rid of debt, it will affect your life for a significant amount of time. Though it may provide some immediate relief, be aware of how it will impact your access to credit in future years. Debt consolidation programs can really help you rebuild your bad credit. If you can consolidate your debt, you might find it easier to keep track of payments and budget accordingly. It's more likely you'll pay on time, which will look good on your credit. Planning is the first step to repairing your credit. You have to be committed to making real changes to your spending habits. Only purchase something if you cannot live without it. If you are buying something because you want it, and don't need it, put it back on the shelf. Aggressive repayment agreements and hard-to-handle lump-sum payments can make it harder than it needs to be for you to fix your credit. Always understand your budget and never send out more money than you can handle. You will only further damage your credit rating by making promises you can't keep. The relief from the collection calls will be short-lived at best. Learn more about debt consolidation so that you can get help with your credit score improvement. Debt consolidation is a great way to go about reducing your debt and restoring your credit. Your debts are consolidated into one, giving you just one payment to have to handle each month. When considering debt consolidation you will need to ensure that you can afford the payment amount. Your credit score will get damaged each time you open another line of credit. When you are offered a credit card when checking out at the store, fight the urge to get one to receive the discounts that are offered to you. If you open all these new accounts, you could see a drop in your credit score. Look into credit counseling if your credit is a wreck. They'll offer helpful advice on how to pay off your debt, while keeping your household going. You may have to dump the credit cards, and you will most certainly have to start making payments to each creditor. Paying your credit cards on time keeps you in good standing on your credit report. Every late credit card payment can damage your credit score. Always remember to maintain a strict log of all interactions between you and personnel from any collection agency. Keep track of all your contacts, including emails and letters, and the information pertaining to any phone calls. Have your dispute letter certified so you have proof of it both being mailed and being received. It is easy to get out of debt if you are patient and have common sense. But, if you use this easy-to-follow information, you can achieve your ultimate goal.