The bottom line for every debtor is that credit repair takes time, but even in the worst case, you can fix your credit. You have to be willing to start slow, by bringing your debts up to current status, and then paying every single debt you have on time. After you pay on time for a several months – along with a couple other things you can do – you’ll eventually start to see your credit score move higher.

You can get started right away with these easy steps:

1. Check your credit report for any errors. Get a copy of your credit report and tell the credit bureaus if you find any errors right away. Fixing mistakes on your credit report will help your score by removing items that don’t belong there.

2. If you can, in this economy, check around to find better credit card terms, or for some loans like student loans you may be able to consolidate your loans. This makes it easier to stay current if you lower your payments.

3. Close some credit cards if you have many open accounts. Having multiple Visa, MasterCard and store cards open can hurt your score if you keep them all maxed out. Start by paying some off, then pay others down, to try to keep your balances under 50% of your credit line.

Maybe it’s time to start thinking about how to live without – or with less – credit. Every dollar you owe someone else is a dollar not going into your savings for yoru personal wealth. Avoid reaching for credit cards every time you want something, and don’t automatically think of getting more credit as the way to get what you want. Living within your means can lead to greater personal wealth, so give it a try today.