Whether you got your credit cards on your college campus, went shopping too many times, or suffered from the bad economy, you probably did some damage to your credit. The good news is that there are some things that you can do to repair your credit.

Financing homes can be difficult when your credit score is low. If your income is a factor you may qualify for an FHA loan, apply for an FHA loan; these loans are backed by the United States government. FHA loans offer lower down payments or pay closing costs.

You may be able to reduce your interest rate by maintaining a favorable credit rating. This should make your monthly payments easier and it will enable you to repay your debt a lot quicker.

Try an installment account. You will improve your score by properly managing these accounts.

You can dispute inflated interest rates. Creditors are skirting aspects of the law when they hit exorbitant interest rates. You did however sign a contract saying that agree you will pay off all interests as well as the debt. You need to be able to prove the interest rates are too high if you want to sue your state’s statutory limits.

If a company promises that they can remove all negative marks from a credit report, this is a scam. Negative credit information remains on your credit report for a minimum of seven years!

You must pay your bills on time and in full. Your credit score will increase if you pay the bills that are past due.

At first, it may seem impossible to repair your damaged credit. However, with some effort and the right advice, you can start to improve your credit rating and eventually regain a credit score that will instill faith in any lender. Use the information you have learned here to help get you started on the journey to a better credit score.