Look at the credit card accounts you have with a balance over 50% of the credit limit. Pay those off until they fall under this number. 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.

You can easily get a mortgage if you have a high credit score. Paying mortgage notes on time will keep your credit scores high. When you are a home owner you will be financially stable based on what you own. This will make taking out future loans much easier.

If your credit is such that you cannot get a new card to help repair it, apply for a secured one. Most likely, a secured credit card will be easy for you to get, but you have to fund the credit account before you purchase so the bank knows that you won't miss any payments. If you use it correctly, a new card can help you fix your credit.

If you have credit cards with a utilization level over 50%, then pay them down until they are below 50% utilization. Any balances that are over half your limit drag your credit rating down. So be sure to pay your credit card down or, if you can not, try to use another credit card.

Try joining a credit score if you're still struggling to boost your credit rating by opening
s of credit. Credit unions often offer better interest and more options than chain banks do.

If you are living beyond your financial ability, stop now. This is nothing short of a lifestyle overhaul. In many cases, people are using credit cards to buy things they want, rather than focusing on things that they need. Instead of spending more than you can afford, take a long hard look at your income and expenses, and decide what you can really afford to spend.

Before you choose a credit counseling agency, find out more about them. The industry is rife with fraud and people with ulterior motives, so finding a legitimate credit counselor can be challenging.