Even though you have been working hard at repairing your credit and paying all of your bills on time your credit may still be in need of repair.

If you are dealing with the anguish of still using high interest credit cards and your debt load is moderate to high, you can still pay down the balance but it will take a little more time. If you have worked on improving your overall credit rating and FICO score and you have had a generous history of it least six months or more of paying your debt on time, you may be able to cut your debt load down and repair your credit in half the time.

Many times if you have been a longstanding customer, the credit card company will lower your APR, but you have to ask, they will not do this voluntarily. Having a low APR will make paying your credit card off easier. Try to keep the payment the same, as this will help pay the balance down quicker without you realizing a change in your budget so be sure to ask your creditor if you could lower your interest rate and obtain a lower rate, this is a great tool in being able to repair your credit.

With some high interest credit cards, you may have to pay a security deposit, yearly fee or due. If you have a yearly fee on your credit card account, ask if you can have that fee waived. Many times the fee is utilized to lend high risk consumers a line of credit or to secure the credit card itself. If you have repaired your credit and feel your FICO score is above 700, do not hesitate to ask your lender to have that fee waived, it could save you as much as $500 or more each year.

Transferring your high interest credit card to a lower interest card is a good option if you have comparable cards. Even if they are both high interest cards, choose the one that has no annual fee and the lower APR. This is a quick way to raise your FICO score and to repair your credit almost instantly.

Some credit card companies offer a bi-weekly payment option; do not hesitate to ask if you can make bi-weekly payments to pay on the balance of your debt. If this is not an option, try putting the money into savings every week or every other week, make a habit of it and when the minimum payment is due you can pay the amount saved which should be 5 to 10% of your minimum payment. This amount will be applied to the balance and will help reduce finance fees. This is a great way to repair your credit by making small additions to your balance.

When you have high balances on a high interest credit card it seems like you will never get rid of the balance and see the light at the end of the tunnel, but with hard work, determination and a plan, you can easily repair your credit and pay off your debts in less time than you think.

About the Author:
Joseph FeRoss is one of the leading experts on credit repair and provides great credit repair services. Visit MSI Credit at http://www.msicredit.com