It may be necessary to repair your credit score at some point in your lifetime. This is the result of having a low or bad credit score. Since your credit card score is the major determining factor in obtaining a loan, certain services and a credit card, it is essential you repair your credit score. Depending upon how low or poor your credit score, the matter may not be resolved for years. It may require you consult a financial counsellor, contact a Credit Repair Agency and/or reconfigure your financial practices. The initial step, however, is to obtain your credit report from any of the agencies. After you achieve this, you can look at the contents. If necessary, request further information on the statements from the credit report agency. This is your right under the Fair Credit Reporting Act. Follow this up by arranging to expunge any outdated or inaccurate material. Be sure you are aware of certain facts. Many types of defaulted loans may remain until the statute of limitations runs out. Bankruptcies can stay on your record for 10 years. Adopt stringent financial measures and be sure to either repay all overdue debts and loans. Consolidate your loans if necessary.