If you want to repair your credit score, the first and foremost thing that you need to do is to cut down on your monthly expenses. If you’re per month source of income is $1,000, then you should make sure that every month you save at least $300.
Pay Down Your Credit Cards
If you pay off your mortgage and student loans then this could play a prominent part in repairing your credit score. It is mostly preferred by the financial institutions that their should be a big gap between the credit amount that is used by you and the credit limits that are available for you.
If on each credit card you could have manage to keep your balances less than 30 % of the credit limit, then things will get better for you. While it is advised by majority of debt experts that you should pay off the highest-rate credit card first, it is suggested that you pay down the credit cards that are in line with the limits.