Almost everyone carries debt of some kind. If you have debt, this isn't an unusual thing; it's perfectly fine as long as you are keeping up with the payments. When you get into trouble is when you canít handle those payments, because when you miss a few months worth of payments, you credit score will go down. Financial institutions like banks and credit card companies will consider you a risk if you have a bad credit score. This would mean higher interest rates, more stringent requirements, or even ineligibility for loans.

Using Nonprofit Debt Counseling to Improve Your Credit Score

There is help available for those people who find themselves buried under a mountain of credit card debt. Accept that you made a mistake, figure out how to fix it, and keep moving forward. You can improve your credit standing by following four simple steps to credit repair debt consolidation. Raising your credit score as quickly as you can should be your primary goal. Increasing your credit score in one year is reasonable if you follow the credit repair debt consolidation steps below.

1. Get a Credit Report

You can get your credit record for free, once annually, from at least three credit reporting agencies: Equifax, Experian and TransUnion. If you request one free copy from each agency every four months, youíll be able to monitor your credit the entire year for free.

When you get your credit report, go through it with a fine tooth comb. If something on your report looks incorrect, make sure you challenge it in writing. If your creditor does not provide evidence in response to your challenge within 30 days, the inaccurate record will be struck out, leading to a rise in your credit rating. This is necessary to a successful  credit repair debt management

Second ñ Prioritize Your Debts

Youíre pursuing a credit repair debt consolidation in order to pay off your debts. So, now list out all of your debts with the ones that give you the biggest headaches first. For example, most loans charge you 18% interest per annum, while your credit cards typically charge you 3% compounded interest per month. If you are missing credit card payments, youíll want to make them your priority, because they are impacting your credit score. Make sure youíre still paying the minimum amounts due on your loans, paying any extra to the highest interest ones first.

Step 3: Pay Your Bills Early

Keeping a high credit score means you have to make your monthly payments on time. If youíve been missing credit card payments, regular on time payments will need to be made for an entire year before youíll be seen as a safe lending possibility.

4. Start Building Your Credit BackUp

Getting a secured credit card will raise your credit rating and expedite your credit repair debt consolidation efforts as well.

You could find your way out of debt if you follow these four steps. If you want it badly enough to work for it, it will work.

If you need a simple and easy, step-by-step kit to get you out of debt once and for all, be sure to reference Suze Orman credit scores. Suze has put together a world class software product that anyone can follow and climb their way out of debt easily.