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. If you ve made late payments before, relax and don t worry, since over time those infractions will slowly diminish, and you ll get back your old credit score. Avoid Applying For Unnecessary Credit Always ensure that you avoid those new credit card offerings at the mall or department store, because all the newly added credit, no matter how small, are sure to do harm to your credit score. com, which is the only authorized Web site of the FTC. From here, you can link to the three major credit bureaus. Credit experts however frown on going to sites like the Free Credit Report, because despite their name, they actually charge monthly fees for their credit monitoring service. Once you re in the site, choose your state from the pull-down menu, and start filling your information. The 5 Basic Elements Of A Credit Report In modern times, people apply for various forms of credit, whether to pay for their home mortgage, college tuition, or buy a new car and more. Many people also make purchases with credits, and many people today even own more than one credit card. However, a person cannot simply wish to receive credit as they please, because they will need to apply for it, and most credit companies also take a closer look at a person s credit report, to see if they are truly credit-worthy, and know how to manage their finances well. If you have debts with former creditors, make sure that you work out a full settlement with them, and guarantee that what s accomplished between you and your creditor does not get reported elsewhere. Not Having a Credit Score According to credit experts, many people today still don t have their own credit score. Most creditors often set up an automatic payment system, which deducts a specified amount from your checking account. Develop Frugal Savings And Investment Habits During tough financial times, always make it a point to reduce your focus on purchasing items that are not an asset, and instead set your sights on items that can be able to reproduce more of the same asset.