Are you in need of improving your credit? Have you recently been through bankruptcy? Are you tired of paying high interest rate credit card bills? This article offers five easy steps that anyone can take to begin to change their credit score.
Improving your credit is a life style change.
It will require you to make some serious decisions about how and when you spend your money.
Credit repair isn't impossible, it just means rethinking needs and wants.
Five Step Approach To Credit Repair

1. Take a serious inventory of how and why you spend money.
   This will perhaps be the greatest challenge in this approach.
   In fact, many people never take this self-inventory and perpetuate or pro-long bad spending habits.
   But if you pause for this inventory, you can begin to move towards credit repair.
   This inventory involves considering why you make the purchases you make.
   Are you attempting to satisfy emotional needs or are there practical reasons for your spending.
   
2. Set up a budget.
   The best way to keep on track with new financial spending decisions is to have a budget.
   It is not that difficult to establish a budget.
   You simply determine all fixed costs and assign the appropriate values.
   All remaining funds are then allocated to other categories you choose.
   
3. Eliminate non-essential spending.
   The great thing about life is we get to choose how we spend our money.
   The problem comes when we want to spend beyond our means.
   And this is one of the great challenges in all developed nations.
   This is especially true in America.
   Adjustments can be made by determining just how much we can afford for any specific purchase.
   Again this is a choice and will vary among people.
   But you will be far ahead if you eliminate the unnecessary expenditures.
   
4. Alter your credit card spending habits.
   Many people use credit cards as additional income.
   Credit should not be viewed as part of your working budget.
   They actually help facilitate financial transactions.
   From a business stand point, they ease the flow of money.
   From a personal standpoint, they are a stopgap when you lack cash.
   Credit cards should be viewed as short-term loans of cash for one or two months.
   If you can't pay them off in a timely manner, then you need to go back to the first step and rethink your spending habits.
   
5. Pay your bills early.
   Some people get in the bad habit of paying bills late.
   Or they put off paying them because they don't have the cash.
   This is a bad situation that negatively impacts your credit score.
   A good practice is to pay all fixed bills when you get your pay check.
   Before making any other non-essential purchases, deal with your creditors first.
   This habit will be viewed as responsible behavior.
   And in the long run will provide positive impact upon your credit score.
   

These five simple steps will put you on the right path to improve your credit.
It is never too late to change your spending habits.
However, if we put off what we can do now, we may prolong some of the hardships of having bad credit.