While owning a credit card offers its benefits, the sad thing is that if you don t use a credit card responsibly, you could face a soaring mountain of debt, which can help to taint, or entirely mangle, your credit score. Here are five innovative ways for repairing your credit card debt. Pay Your Bills On Time Each time you use your credit card for making various purchases, always remember to pay your bills in full each time they come due. How To Monitor Your Business Credit Score When monitoring your business credit score from systems like Paydex, you need to bear in mind that the Paydex score ranks how early, or how late, you fulfill your debt payments. For example if you get a 70 on the Paydex system, this indicates that your business is 15 days late when making loan payments, and will certainly be considered a poor score. For example, if a collection agency reports that you weren't able to pay overdue parking tickets or library fines, this could make your credit score drop by as much as 100 points. Ensure that you pay your library fines or parking tickets on time, because you won't know when they send these bills to the collection agencies. Make it a habit to only apply for credit that you truly need, and can afford paying off. Use A Credit Card Wisely Although it may seem hard to avoid getting credit cards in these times, you just need to learn how to use it wisely. Use a credit card for making small purchases, and don t use it to borrow money every time you go shopping. According to the US Faire Credit Reporting Act, a person can get a free copy of their credit report from the major credit bureaus, namely TransUnion, Equifax and Experian. The credit report is provided at no cost, and can be requested every 12 months. Here s how to gain your credit score. Collect All The Require Information Before getting a free credit report, first obtain all your account numbers and loan statements, since the credit reporting bureaus may ask that you provide the account numbers and payment amounts, to validate your identity. To develop the credit scoring system, a creditor generally weighs each of the major factors, based on how each of the factors predicts whether a person is deemed a good credit risk. Credit scores generally have a range between 300 and 850. Here s a rundown of the standard score range. 300 499 Bad Credit 500 580 Poor Credit 580 619 Low Credit 620 679 Average Credit 680 699 Good Credit 700 850 Excellent Credit Regularly Monitor Your Credit Score According to credit experts, a good to excellent credit score is often weighed as a future sign of your credit value, and if your credit score is Good, then your future loan s interest rates will certainly be lower than usual.