What is the best way to repair my credit score in a short amount of time?

There are about 8 ways you can repair your credit score both quick and easy.

1) The best way to begin repairing your credit score is by knowing what your score is. Go online and find out. Some people assume their credit score is good and nothing needs to be done. The only way to know for sure is check. You will then know what you have to work with.

2) Set up some payment reminders. It is only natural to forget what we owe and how much sometimes. This is why reminders work to our advantage. Sometimes your bank will offer you a reminder. You can also get your withdrawals done automatically. This saves on you having to remember. Make sure you have enough money in your account to cover the payment when it comes out. Sometimes the system will do this free of charge. Some places will offer money off for signing up for this type of payment.

3) Time to reduce the amount of money you owe. This is going to be easier said than done for some of you. Try to make an effort with this. Stop using any and all credit cards immediately. Some like to keep one around for emergencies. There is one problem with this, though. Many use this as an excuse to spend the money. Try not to fall into this trap.

4) Try to pay off your bills on time. This is one problem that many of us have. One late payment can have a lasting effect on your score. Please try to pay any and all bills when you are supposed to.

5) Remaining delinquent on missed bills will add to your negative score. Stay current with everything you owe. You may have missed a payment. Get current with it during the next month. The more you make up for it, the less trouble you will have in the future.

6) How many of you are paying on a collections account? It is not going to go away that easily. It will stay on your record for at least 7 years. Your payments may be done but your delinquency is not.

7) How many of you are having trouble paying your bills off? This is a common issue, one that we all go through. Get in touch with the people you owe money to right away. This failure to communicate is one reason why many are in the situation they are in. As long as you talk to them, they will work with you. It is when you fail to communicate they feel a lack of sympathy. Seeking out assistance with your problem is one way to build trust. It shows you care about the issue. It shows you want to repair your money problems.

8) Do you have any outstanding revolving credit? This is a tricky one for many. Please be careful with this one. Do not add insult to injury here. When it comes to the revolving credit you need to keep your balances low. I am talking very low. Revolving debt is one way to raise your score and keep it high.

Do not cut up cards you are not using. This will not raise your score. It is going to do the opposite. Do not open up a card to raise your score either. Both of these are recipes for disaster.