Hello and welcome to my blog How to Fix My Credit. I decided I would write about what I’m going to try to lower my credit score and get out of debt. I know a lot of people are in the same boat im in, so I hope the information I have on this site will help other people.

My battle with credit started long ago and has been haunting me for years. I finally decided that it was time to take charge (no pun intended) of my credit and learn what I could do to fix my bad credit.

One thing I learned a while ago was that my credit score is low because of my outstanding balances. I am over 30,000 in debt. I have to add everything up to get the exact figure. Once I do that I will have that someplace on this site and have a count down, as I get it lower and lower, as I learn how to fix my credit.

With that 30,000 figure I have about 40,000 of credit so that leaves me with 10,000 of available credit. That is not a good ratio according to the credit bureaus.

The first thing I did was cancel all of my open credit cards that I didn’t owe anything on. Big mistake! Don’t do that, it will lower your available credit and actually make your credit score go down more. Cut them up, put them someplace you can’t get to them easily, but don’t cancel them.

I am going to put up a few of the tools I used to help me balance my budget and start to cut down my large dept. I hope these will help you out as I figure out how to fix my credit score!