If your credit rating is in a tail-spin, there is never a better time than the present to begin a credit re-building program. If you plan on attempting the process yourself, or having an outside service handle the job, the point is to plan on starting yesterday. Usually the credit repair process can generate a few quick results, but overall there are facets that can take up some valuable time to accomplish,phpBay Pro. So, the sooner you begin, the sooner your credit scores are going to move in a positive direction. New Accounts, New Credit Certainly one of the most time-consuming elements of credit repair is the re-construction process, and you will never achieve the desired goals without a few open accounts. The best practice is to get your hands on some new credit cards, but if your credit is on the down-ward slide it is better to consider ‘secured’ cards. Though it may seem like a shortcoming, even a minimum level secured card can bump up the credit scores in a drastic fashion. While initially the scores will fall soon after the new account is opened, in about six months the better scores will start to materialize. You cannot ‘fix’ credit without ‘new’ credit,The Speckled Door, and it all depends on the timing, so plan accordingly. Credit Card Balancing Act It is critical that these new credit card accounts are maintained properly, and to the letter. Since there is a correlation between card balances and credit scores, you want to maximize your efforts by keeping the card balances under 20% of the card limit. The next part of the strategy is to begin getting those card balances down a good 2 months before actually needing those better scores to show up, simply due to the fact that those creditors could conceivably take that amount of time to update their card balance data to the credit bureaus. With a good plan of action, and a bit of diligence, those credit scores can head in the right direction in no time and you will be eligible for that you’ve been looking for.