Fastest Way to Repair Credit

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If you struggle with poor credit, you aren’t alone. Many Americans struggle with bad credit due to a variety of circumstances, including job loss or health issues. Repairing credit is an important step to securing better interest rates on loans, gaining employment and even getting insurance. Credit repair won’t happen overnight. However, if you focus on the areas that have the strongest impact on your credit score, repairing your credit will happen quicker.

Review your credit report. The first step to repairing credit is reviewing your credit report. Get a copy through Annual Credit Report (see Resources). Inaccurate information should be disputed with the reporting agency. Write a dispute letter to the credit bureau with a copy of your credit report (disputed items circled) and supporting documentation (such as a police report in cases of fraud). The Federal Trade Commission (FTC) offers a sample letter on their Website.

Focus on the areas that most heavily weigh on your credit score. Payment history and debt have the largest impact on your credit score, according to MSN Money. Focus on these areas, and your credit score will rise quicker. Set up automatic payments with your financial institution to ensure timely payments. Focus on paying down revolving debt to 30 percent or less of the available limit.

Partner with collection departments. Consumers often avoid collection departments. If you partner with these organizations, however, you can agree on a monthly payment plan, allowing to you get rid of collection activity on your credit report. Some collection departments may even be willing to settle for less than you owe.

Avoid opening large amounts of new credit. Opening several new accounts at once will lower your credit score. Instead, focus on using existing credit and paying it off each month. This will show credit bureaus your ability to use credit responsibly.


  • If you’re struggling to pay off debt, consider slashing your monthly budget. For example, cutting back on entertainment expenses or transportation costs will free up extra cash to pay off revolving debt.


  • Watch out for credit repair scams. According to the FTC, some companies prey on consumers struggling to repair credit. Signs of a credit scam include a company that requires you to dispute all negative credit history (even if it’s accurate) or requests high upfront costs.


About the Author

Nicki Howell started her professional writing career in 2002, specializing in areas such as health, fitness and personal finance. She has been published at health care websites, such as HealthTree, and is a ghostwriter for a variety of small health care organizations. She earned a Bachelor of Science in business administration from Portland State University.

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