Get a Secured Credit Card

• Credit repair is essential after a serious mishap such as bankruptcy. Your credit score drops, and many lenders will not approve your application for credit. To undo the damage and repair a low score, apply for a secured credit card. Secured credit cards have helped many people rebuild their credit history. These cards require a deposit, and this deposit determines your credit limit. In other words, paying a $500 deposit equals a $500 credit limit. This option is ideal for anyone who can't qualify for an unsecured credit card.
  
  

Eliminate High Balances

• You can quickly add points to your FICO score by paying down or completely eliminating debts. Carrying a high credit card balance or continually applying for new lines of credit damages your personal rating. But you can reverse this situation by creating a debt elimination strategy and limiting your number of credit inquiries. If you have money in a savings account or disposable income, use this cash to get rid of debt. This likely involves sacrifices such as less entertainment or fewer shopping sprees. But in the end you'll improve your financial standing and raise your credit score. If you don't have extra money, look for ways to generate cash. Find second employment or sell personal belongings.
  
  

Stop Missing Payments

• Simply paying your creditors on or before due dates can have a positive impact on your credit score. For starters, this demonstrates a measure of responsibility, wherein future lenders are more inclined to approve your applications. What's more, a good payment history results in a good relationship with your creditors. Thus, if you ever stumble upon financial hardships, they'll take note of your previous history and likely work out a flexible arrangement with you. Besides, late or missed payments reduce your credit score. Make on-time payments. And if you encounter money problems, contact creditors to set up a payment arrangement.