If you just had some knowledge about the amount of money you owed and who you owed it to, you could have prevented this debt crisis. Now that you are seriously in debt, you need to work extra hard to repair your poor credit. The following advice can help you easily repair your negative credit. Getting a traditional home loan can be difficult, if not impossible, with imperfect credit. In this situation, it is a good idea to try to obtain an FHA loan, because these loans are guaranteed by the federal government. Even when the resources for making down payments or paying closing costs are lacking, FHA loans can help. To earn a higher credit score, keep revolving account balances low. Your credit score can be raised if you lower your balances. Increments of twenty of available credit are noted by fico. Comb through all of the bills that you get! Ensure that all of the listed charges are purchases that you made, keeping an eye out for fraudulent charges. It's up to you to make sure that every item on your bill is correct and dispute those that are not. You won't be able to repair your credit until you are able to pay those bills. You should always make an effort to pay your bills on time and in full. Your FICO score will begin to increase immediately after you pay the bills that are past due. Before you agree to settle your debt, you need to know how your credit will stand afterwards. Some methods are less damaging than others; research them all before making an agreement with your creditor. Most of the time they want their money and don't care about your credit score. Discuss your situation honestly with debt collectors and try to work with them. Tell them the amount you are able to pay, and when you are able to make the payments. They will be willing to negotiate with you to receive payment. Anyone who is trying to raise their credit score needs to pay attention to how may inquiries they are getting. Anytime someone pulls up your credit, the inquiry is noted on your report. If you find false negatives on your credit report, contest them immediately, and save all resulting correspondence from the credit bureau. Keep track of the interactions you have with everyone, including emails, letters or phone calls. Use certified mail to send dispute letters so that definitive proof exists that they are sent and received. If you are having trouble creating or sticking with a budget, then you need to get in contact with a reliable credit counseling organization. These agencies can normally negotiate with your creditors on your behalf so as to come up with an affordable repayment plan. A credit counselor can give you the best advice on how to be in control of your finances, and pay off your debts. Paying off your debts and restoring your credit is a much wiser decision than you might have previously thought. You can find those waters by sailing with these tips.