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in a month your credit score can drop up to 60 points. That is a life changing drop. So getting caught up is very important if it pertains to you. Even if you only send a small payment, in this case every penny counts.

Step 5: Too many accounts.

If you are like more than half of the legal aged population, you probably have more than five credit accounts. Some people even have up to ten or more. Get them paid off and close them as you pay them off.

Having too many accounts looks bad to banks because if you get in a bind you can just use your credit card, whether you can afford to or not. This isn't a good situation. Once you start getting zero balances and close those accounts you will begin to see a rise in your credit score.

These are all easy things that anyone can do to get your credit score on track. But the most important thing you can do for your credit is to give yourself some time. Don't get discouraged, none of these things will happen overnight.It will take three months, minimum, to start seeing a significant difference.

Just remember, be punctual, pay down your debt, get caught up if your behind, keep track of your credit report and get your open accounts down to one or two emergency cards. If you do all of these things you will see a significant increase in your credit score, and you will be well on your way to saving money on interest.

Learn more about this author, Jeffrey Sammerson.
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