you can fix your credit

Living paycheck to paycheck is a way of life for most Americans. It is an endless cycle of never having extra money, late pays and maxing credit cards just to make ends meet. Sound familiar? You aren't alone in your monthly grind. But unlike most hardworking people who just live their existence, you can fix your credit rating by taking a few simple steps to finally get out of that endless rut.
 

1. Pay all your bills on time. Late payments will cause you to lose points.

2. If you own a lot of credit cards, stop using the cards and make at least the minimum payment every month.

3. If you do not have a current source of credit, get one, use it and start making regular on time payments to prove that you can. One way to get credit is to obtain a "secured" credit card issued by a bank that requires you to keep a small amount of money on deposit for the banks protection in case you miss payments.

4. Do not apply for more credit than you need. Applications will show up on your credit report and may cause potential creditors to think you are about to take on more debt.

5. Don't ignore your debt obligations. If you are experiencing problems paying your bills, contact your creditors immediately and try to work out a reduced payment plan. If you can't work out a reduced payment plan with your creditors, consider contacting a credit counseling service for assistance. Your creditors may be more receptive to accepting a repayment plan with a reputable credit counseling service company.