Because of the economic crisis, many people have bad credit. There are ways that you can prevent a bad credit score. If your score is already bad, repairing it is also possible.

First, find a site that will allow you to view your credit score. There are many online resources that can help you obtain your credit score for no charge. Once you know what your credit score is, you can work to improve it and to erase any inaccuracies that you may find.

You need to get in touch with your creditors and learn what you owe. Once you have this information, you can figure out which accounts need to be paid now and which can wait a week or two. Dealing with the most important accounts, with the highest charges, can save you some money. Deal with the accounts that allow payment plans and easy terms, and then tackle the more rigid ones.

You will need to know of any bad reports on your credit report. Review the list, and identify if any of these are due to mistakes or fraud. Only after you have identified what is wrong with your credit can you begin to repair it.

Be aware of your rights, as well as all the legalities that pertain to collection agencies. For instance, know that collection agencies are not allowed to threaten you. Don't allow yourself to be bullied. Check your local laws, and know what your rights are.

Make sure your credit card balance is always kept at 30 percent or under. Staying at or below 30 percent will make your payments manageable. Letting your balance get out of control can have serious consequences for your wallet.

Try and get all of your credit debt into a payment plan if your bills are already in collection. Collections agencies aren't monsters, and most are going to be more than willing to work with you to help you pay off the debt. By avoiding them you aren't doing anything but making things harder for yourself, as your debt is still there and it becomes harder and harder to come to a compromise. Just showing them you are making an effort is important. This may also result in a lower bill and dismissal of a portion of your debt. Cooperate with creditors and attempt to set up a manageable payment plan. Open the doors of communication with your creditors, and you will be less likely to incur additional interest.

If you pay attention to the above advice, you will be in control of your credit. These suggestions are things that one can do on their own. They will also help you start fixing your credit immediately.