Get A Copy Of Your Credit Report
The first step is to obtain a copy of your credit report so you can see what kind of shape it is in and what you issues you might need to clear up. You can get a copy of your credit report through http://www.freecreditreport.com or you can request a copy when a creditor denies you credit. Items in collection, late payments, or large balances owed all negatively affect your score.
Take Care If Any Outstanding Debts
So what to do if your report isn't looking too hot right now? You'll need to contact the companies and set up a payment plan, pronto. Working with credit repair companies can sometimes gain you a smaller payoff on those debts,but this will generally entail a fee. You can also negotiate payoff for yourself remember that the creditors would rather get back at least a portion of what you owe them rather than nothing at all. Set up a plan with small monthly payments, and send receipts of payment to all three credit bureaus, as the debts will not automatically be removed from your report.
Build Up Your Credit
Once you're free of outstanding debts, you can build up your credit by paying on time each and every month. Keep a credit card just for small purchases and pay it off each month this is an easy want to build fantastic credit. Soon you'll be able to reap the benefits of a great FICO score low interest rates, better offers, and the like.