Repairing your credit isn’t easy, but can save you thousands of dollars every year. One thing that you should keep in mind before repairing your credit is that it won’t work unless you are committing to not just repairing your credit, but rebuilding it too.

Below are a couple of things you can do to start rebuilding your credit today:

Organize Your Financial Situation

Creating a budget is the perfect first step to repairing your credit. You can use a myriad of wonderful programs such as Quicken or Quickbooks to get a decent idea of exactly where you are with your income and finances. If you are not in a stable situation you will need to deal with this before you manage your credit. Taking control of your situation will make you feel less stressed out and less worried as well. You will need to know exactly how much you have to spend towards repairing your credit and destroying your excess debt.

Keep Your Eye on the Prize

You need to remember that your credit report is affected by many things. You will want to keep building your credit, not just avoiding any damage to your credit. There are a few things that you can do to keep improving your credit: paying down balances, making payments on time, creating new credit cards and even increasing your credit lines. Installment loans are also a superb way to begin building new credit.