If you knew exactly the amount and to whom you owed the money, you might not have been in debt to begin with. But it is never too late to put an emergency strategy into action to help get your credit score on the right track. Follow this advice to improve your credit score quickly.

One of the most important things to do is to try to eradicate all forms of expensive debt, things like instant payday loans from payday lenders or payday loan lenders, as well as credit cards and overdraft debt.

If you don't have very good credit, financing your home may not be easy. FHA loans are good options in these circumstances, because the federal government guarantees them. Some FHA loans even cover a down payment or your closing costs.

If you have credit cards with a utilization level over 50%, then pay them down until they are below 50% utilization. Creditors like to see you using your accounts, but still keeping your balances under 50% of your allotted credit.

It's easy to lower your interest rate by ensuring your credit score is high. Monthly payments are easier this way, and you can pay off your unpaid debt. It's important to look for a strong credit offer with competitive rates; it will make paying off your debt and keeping a strong credit score much easier.

Try an installment account to get a better credit score and make some money. Choose an installment account you can afford, since you will have to leave a certain amount of money on it at all times. If these accounts are properly managed, they can provide a quick boost to your credit score.

Joining a credit union may be a way to boost your credit score when you are having a hard time getting credit. They might be able to provide you with several more options at better rates than banks, since they work locally as opposed to nationally.

Give your credit card company a call and ask them to lower your credit limit. Not only will this prevent you from owing more, but it will be reflected in your credit score because it shows that you are responsible with your credit.

When you pay your bills on time, you are keeping your credit score high. Late payments are added to credit reports and they can damage your chances of getting loans or a home in the future.

Start living within your means. This takes time and a change in attitude to accomplish. A lot of people rely on credit to maintain an unrealistic lifestyle, but when the credit runs out, all that's left is a very big bill. Be sure to assess your finances and find out the things that you can afford.

Joining a credit union is beneficial if you want to make your credit score better but cannot get new credit. Credit unions typically offer a wider variety of credit options at better interest rates than a traditional bank. Credit unions are usually non-profit, which means better deals for you.

If you apply these tips, you should be able to improve your credit and maintain a good score. Having a good credit score is crucial to getting the best interest rates possible and is definitely worth the effort.