It’s not that difficult to let you credit get out of control if you have a habit of opening credit cards or other types of charge accounts and not paying off your bills in a timely manner, or at all. Before you know it you could have a few thousand dollars worth of debt, or more. That debt can drastically reduce your credit score and make it hard for you to get loans, buy a car, or even rent an apartment in the future.

If you’ve already gone down the path to bad credit, you can still dig yourself back out. It just takes determination and a job that can pay for the things that you want, and the things that you already owe on.

Pay Off Your Debts

The first step to fixing your credit is finding out who you already owe money to and getting that squared away. That means getting a credit report, so you can see what you owe to whom, and which things are causing the grief on your credit.

Sometimes a creditor will give you a deal, where if you pay off a lump sum, that is sometimes significantly smaller than your total owed, you can relieve your debt with that particular company. It pays to do that when you can, but always be sure to read the fine print.

Get A Loan

There are loan companies out there that give loans to people with bad credit in order to help them start building their credit back up. The downfall of these types of loans is that they usually have a fairly high interest rate, but it can be worth the boost if you can afford your monthly payments, or pay it off early.

Payday loans can be one type of loan that helps build your credit back up. If you need a new vehicle, or new to you anyway, you can find dealerships that promise auto loans to anyone, and use that as your credit builder.

Get A Credit Card

You may not qualify for a store credit card, or even any type of general credit card, but there are card companies out there made especially for people with bad credit. You may need to pay a yearly fee to have the card, and it may have higher interest rates, but it still gives you a chance to get back on track. Just make sure you only spend what you know you can pay for.

Keep Less Accounts Open
Lastly, make sure you have as few paying accounts open as possible. This means loans, credit cards, mail order clubs, and other things that you owe money to on a regular basis. The more of these you have open, the worse it is for your credit!