Fix it,  we have a lot of tools accessible to us but most people don't know what to do.  You can pull an annual credit report and look at the things that are negatively impacting your score.  On most occasions you can call the creditor or collection agency and come to an agreement on payments.   You must give yourself time it does take 45 plus days to be removed from the report even up to six months depends on the damage.

Yes this is true. Most people either have no credit or bad credit. its very important to check your credit often. There are many places that offer FREE credit reports.

A proactive approach to knowing your credit history and rating is very important to secure good mortgage rates.  This is especially if you have a bad credit history - your must demonstrate sincere efforts to repair your credit by making regular payments,

I started a thread with a few links to where you can get your credit report for FREE. I think this will be very beneficial to those who don't know where to start when it comes to their credit :)

Thanks, that was a good idea

One must see that one's credit report is excellent because it not only helps to increase one's credit limits but also maintains one's influence among your dear ones.For this a complete scrutiny of the contract must be done to attain a loan.Bad credit leads to other difficulties too,and fix it as soon as possible.

Yes Sanju you have a good point... Your credit scores have all kinds of affects on daily life. It can tamper with your spending habits, your "credibility" per say.. and not only that, many companies are checking credit scores prior to hiring them to certain establishments!