Has your bad credit score prevented you from getting the things you want in life? Due to the current economic conditions, the credit scores of many people are dropping. There are, however, ways to better it, so be sure to read these tips to repair it.Financing homes can be made more difficult when your credit score is low. You should consider getting a FHA loan they are backed by the government. FHA loans are also great when a borrower doesn't have the money to make a down payment or pay closing costs.If you're credit needs some work, firstly you should make a plan you can stick with, and then follow through. Be totally committed to changing your spending habits. Be sure to buy only the things that you need. If the thing you're looking at is not both necessary and within your budget, then put it back on the shelf and leave.Keep your credit card balances below 50 percent of your credit limit. If you owe over half of your credit limit on any credit card, this will have a negative impact on your rating. Plan to pay down that card as soon as possible, or see about transferring some of that debt.You can keep your interest rates lower by working to keep your credit score up to possible. A lower interest rate means lower monthly payments, and much less time paying off your debt. Getting a good offer and competitive credit rates is the key to credit that may be easily repaid and give you a good credit score.To improve your credit score, set up an installment account. Make sure that you are able to pay for the payments on any installment accounts that you open. You will improve your credit score by properly managing an installment account.Avoid frustration about a low credit score. These suggestions can make all the difference between having a bad or good credit score.