2 To Repair Your Credit Score, Simply Pay-off All Your Debts The truth is that your credit score will be influenced, and determined by your past credit history, and not by your current amount of debt. While you may be currently quickly paying-off your credit card debts, and settling any other outstanding obligations, your previous history of late or missed payments will still reflect on your score. The classic case of over-utilization of credit cards happens when the individual runs out their balance, or goes over their credit limits, and only pays the minimum amount each month to avoid further financial problems. Always make it a habit to use your credit cards only when required, and always settle your balances as soon as possible. Always ensure that you regularly monitor your credit score, since if you allow your credit score to drop too low, then it may take a number of years for you to get it back to its desirable range. Who Are The Major Credit Reporting Agencies In The US? In the United States, there are three major credit reporting agencies, where most creditors submit their client s payment history and personal information. Never Do Loan Shopping Whenever you continually shop for loans, or submit to as many lenders within just two weeks, your credit score will surely suffer a major drop. Try to do a cluster of loan inquiries within a proper period of time, like one every two weeks, so that your credit score remains strong, and won't have to suffer major drops in credibility with lenders. Also have a considerable savings and checking account, as well as learn to regulate it too. Your creditors will view a well-managed bank account as a sign of stability. Add Other Small Forms Of Credit Once you've paid-off a large portion of your current debts, add other forms of credit, like get a small mobile phone contract, and pay it off every month. Don t get your credit report from third-party agencies, because chances are you could be disputing errors or flaws that don t even exist. According to the US Fair Credit Reporting Act (FCRA), the major credit agencies are responsible for correcting or reducing any flaws and errors in their credit reports.