<br/>Bad credit hurts you in nearly all your financial dealings, especially those that involve extending credit to you. It makes it a lot harder to obtain loans and the ones that are available tend to carry high interest rates. However, you can take steps towards credit improvement, in which case, more doors will open, instead of close. Follow the tips and information below to get started cleaning up your credit. <br/>If you have credit cards where the balance is more than half of your credit limit, pay these down right away. If you owe more than half of your credit limit on any credit card, this will have a negative impact on your rating. Plan to pay down that card as soon as possible, or see about transferring some of that debt. <br/>Write down a plan that guides you towards paying off your debts. While this will not remove the debts from your credit report completely, they will be showing as paid and no longer negatively affect your rating. <br/>It is the worst when you have many debts that you are unable to pay. Spread your money among your creditors so that they each get a part of what funds are available. Paying at least minimum payments prevents creditors from calling collection agencies. <br/>Check your credit card carefully each month to ensure that there's no incorrect information. You don't want them reporting these to the credit reporting companies, so you'll need to contact them immediately if there are. <br/>If you want to fix your credit, devise a plan of action that will help you eliminate debt. Debt that already exists can be a drag on your credit score. Budget realistically, and set aside as much as possible to pay towards your outstanding debt. If you do not have any debt, your credit score will go up. <br/>Active bank accounts, both checking and savings, can assist in your credit score repair. If you have accounts in good standing, it can give credits a signal that you have money coming in on a regular basis and that you are protected in the event of an overdraft. Creditors like to see financial responsibility, which can be shown with bank accounts that are held in good standing. <br/>Your credit rating will also suffer from opening new lines of credit. Fight the temptation to get that credit card at the checkout when they offer you big discounts if you do it. Once you open a new credit card, your credit score will become lower. <br/>Only work with legitimate credit score improvement companies. There are far too many of these companies that are quite simply fraudulent. Some people have gotten scammed by these credit agencies. Reading online reviews will help you to choose a decent credit restoration company. <br/>Your future will be a lot easier if you repair your negative credit. You just need to know where to start and what you can do. Repairing your credit takes some discipline and a little time. Take advantage of the tips provided and start working your way to a great credit rating now.