Another common program people enroll in is Credit Counseling. Credit Counseling basically acts as intermediary between you and your creditors. They usually arrange one payment for you to pay off your debt in typically 5 years. This is done by negotiating down your interest rate on all your cards. One of the major problems with this approach is that there many "non-for profit companies" that are in actuality funded by the credit card companies themselves. There is definitely a conflict of interest here so be wary. While it may be an attractive offer to go for 0 APR credit cards, it may not be a wise decision in certain scenarios. So, before you seriously consider a 0 APR credit card, it is essential to compute credit balances, interest rates, and your pay off capability. Read the terms and conditions carefully to avoid credit traps. Understanding the fine print could have substantial savings apart from trouble free credit rating.Paying cash for smaller purchases will not only save ones credit cards from being overused but it will also help one repair their credit. By keeping down the amounts on their credit cards by paying cash whenever one can will not only limit the bill one has to pay but repair credit. As was said before, a good credit history is vital to economic success in today's world, so repairing bad credit is a vital first step to financial stability. Educating yourself on how to do so is of great importance, and by using what you have learned in this article, you will be able to get back on the path to good credit.