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No matter what your current situation, you have probably damaged your credit by opening one too many credit cards or being affected by the economic downturn. Fortunately, you can take some actions to get your credit score climbing in the right direction.

If your credit card has a balance of over 50% of your limit, it should be your number one priority to pay it off until the balance is under 50%. If you owe more than half of your credit limit on any credit card, this will have a negative impact on your rating. Plan to pay down that card as soon as possible, or see about transferring some of that debt. Read more on bestratedpersonalloans.com

Paying off any debts you have that have high interest rates can help you to avoid paying too much. In many situations, exorbitant fees and penalties can be challenged. However, you did sign an agreement to pay the interest. If you're going to try taking your creditors to court, make sure you can prove the interest rates they charged were excessively high.

Before you hire a credit counselor, make sure that you have done your research. There are some legit counselors, and there are some that have ulterior motives. Many others are nothing more than scams. A savvy consumer will always do his or her research on any credit counseling service to ensure that the agency is legitimate.

If you're trying to fix your credit, be sure to check all your negative reports carefully. While the credit item itself may not be in error, if you can find a mistake in the date, amount, or any other factor, you may be able to have the whole item removed from your report.

Check your credit card carefully each month to ensure that there's no incorrect information. Contact the credit card company right away if there are incorrect fees, so that they won't be on your credit report.

Take the time to carefully go over your monthly credit card statement. You want to double check that all the charges are accurate, and that you are not paying for something you did not purchase. You need to be sure that everything is correct on the statements.

Lowering the balances on revolving accounts can help you to get a better credit score. Paying off your balances will have a perceptible positive impact on your credit score.