After some difficult financial times a few years ago, I resolved to never use credit again. After all, my credit score was in the sewer, and there seemed to be no way out. But, as time passed, I learned that, whether we like it or not, we all need a decent credit score in today’s culture. Credit scores affect our insurance premiums, our ability to rent an apartment, and even our ability to find work. If you’ve come to the same conclusion as me, I’ve prepared some credit repair information for you to use.

Of course, the length of time it takes to repair your credit is determined by how terrible your credit is. It took me about 6 months to observe a major difference because I had serious worries. If your score isn’t too bad, you might be able to improve it in a much shorter period of time. Make sure you understand that it will need commitment from you.

The first step in credit card recovery is to make sure you’re not being affected by inaccurate data. All three credit bureaus should provide you with a copy of your credit report. Examine each one to ensure there are no errors. If you discover a mistake, notify the credit bureau in writing right away.

Once you’ve done that, they must investigate your claim and respond to you within 30 days. Once you’re certain that everything on your report is correct, you may start repairing the damage; it may be ugly, but it’s correct. Start paying off your bad debts as soon as workable (while staying up to date on all your current bills). Working your way down the list, begin with the ones with the highest interest rate.

If you need help making even small payments, you can call a non-profit credit counseling program to set up payment plans. Do not be fooled into taking out a loan; this will add to your debt. To meet your financial responsibilities, you will need to increase your income, reduce your spending, or do both. 

Concentrate on making all your utility and household payments on time while paying off your old debt. This will go a long way towards improving your credit score. Don’t get so caught up in the old debt that you forget about your current obligations. That will exacerbate the situation.

Creditors are willing to work with you to reduce your penalty and interest rate. In a difficult economy, they believe that a little bit of something is better than nothing at all. See whether your creditor is willing to work with you.

My credit crisis taught me that no matter how terrible things get, you can’t run away. Face your problems and address them front on. Oh, and keep this credit repair information in mind to keep you on track.