It can be so easy to pile up debt, especially these days where credit cards are so easy to get and there are so many luxuries available to us.  Regardless of whether you’re not paying your bills at all or are just paying them late, the point is that your credit is going to go downhill if you’re not paying your bills and on time.  Your credit is going to take a huge hit, especially if you’re thousands of dollars in debt and not making any payments.  Credit is relied on when you do anything from buy a car to take out a mortgage on a new home and if you’re credit is in bad shape, there are some do it yourself credit repair tips that can help you, you can now say to yourself, I can rebuild my credit.

How To Rebuild My Credit

One of the best do it yourself credit repair tip is to cut up all of your credit cards.  For over spenders this can take all the willpower in the world but it’s going to be very worth it in the end.  After all, the last thing you need to be doing right now is racking up more debt on your credit cards so there should be no problem with cutting them up.  Besides, you can always go get replacement cards later on down the line once you’ve got your finances sorted.

The next do it yourself bad credit repair step is to obtain a copy of your credit report.  You can see which areas are the most negative and which need to be attended to right away.  Focus on the more negative areas of your credit report, and make a list of all bills that are already in collections.  These are the ones that are having the most negative impact on your credit rating.

Pay Off Your Bills

For do it yourself credit repair, make sure that you deal with all accounts in collections first.  Don’t worry about getting everything paid off at once.  Even if you can’t get everything paid off at once, at least contact the different companies and let them know that you’re not just ignoring them and that you’re willing to pay.  Start calling up the different companies that you let them know and show them that you’re not ignoring them anymore and are willing to work something out. You can take these steps on your own and you won’t even need credit counseling, just be sure that you are on the right track and don’t veer off

When you stop ignoring your bill collectors and actually give them a chance to come to some sort of payment arrangement with you, it’s going to be much easier to pay your debts off.  They may even be willing to take off some of what you owe, just for being open and willing to communicate.  Then you just need to start building a solid credit history by paying bills off on time in the future and keeping credit card debts to a minimum.  Once some of your bills are paid off and you have extra money each month you can spend a bit more freely.