Are credit problems holding you back? This economy has caused an unprecedented epidemic of bad credit. There are, however, ways to better it, so be sure to read these tips to repair it.

If you have to improve your credit, make a solid plan and follow it. You must be committed to making real changes in the way you spend money. Only buy what you absolutely need. Look at your purchases closely. If you cannot afford something, and you do not need it, do not buy it.

You can keep your interest rates lower by working to keep your credit score as high as possible. Lower interest rates make paying bills easier, and prevents you from incurring debt. Getting a good offer and competitive credit rates is the key to credit that can easily be paid off and give you a good credit score.

To earn a sufficient wage and boost your credit, try opening an installment account. You should make sure it is an installment account that you will be able to pay into every month. If you are able to keep up with one of the accounts, you should see your credit score improving quickly.

Contact the credit card company and ask to get your card limit lowered. It will pay off in lowering the risk of excessive borrowing and reflecting good financial decision making on your behalf.

Sign up with a credit union if you need to get a new credit line and are having a hard time. With help from a credit union you might get better rates than at another bank, since credit unions better understand the current area compared to the national situation.

Officially dispute any errors you find on your credit reports. Report any errors to the three credit reporting agencies. Be sure to include any documents to support your case. Ask for a return receipt so that you can prove that the agency got your package.

Start living within your means. This might be a tough thing to get your head around. Unfortunately, credit has been easier to get than ever. Many people are buying things that are unaffordable and end up paying more than they should for any item. Be sure to assess your finances and find out the things that you can afford.

In order to get a hold on your credit, focus on closing all accounts except one. You may be able to transfer balances to your remaining account. This can help you avoid paying down smaller balances and focus on paying one card off.

Paying your credit cards on time keeps you in good standing on your credit report. Every time you make a late payment, it is logged in your credit report which can hinder your ability to take out a loan.

Carefully read the small print on your statements. Look for any changes that have happened, and make sure they are correct. You do not want to end up paying for a purchase that you did not make. You need to be sure that everything is correct on the statements.

This advice and a little motivation are all you need to turn your bad credit around. This advice can make all the difference between having a bad or good credit score.