Debt Management for Credit Repair

Debt Management for Credit repair

Now that you are getting back on your feet, credit-wise, it is essential that you manage your finances very carefully. Budget yourself carefully, and do not let your obligations exceed your ability to repay, and establish a solid plan for paying your bills in a timely manner. It is crucial for your credit repair that you don't fall behind on your payments. It is also essential that you manage your new secured credit cards in a special way, a way that will optimize your scores. Use your cards regularly, but do not use more than 20 percent of the card's limit. And when you make your payment each month, leave a small balance, even as little as $10, on the card. This requires a little attention, but it will be worth it.