4. After closing up some of your debts, start rebuilding your credit reputation. After your debts have been closed, the next step that you should do is to work on attaining bad credit repair. You can only do this by opening a new bad credit-credit card account or by taking personal loans. Use your bad credit-credit card or credit account discretely. You should also make sure that all your monthly credit charges will be paid off on time. In so doing you can gradually cause your credit score to go up until such time that you are able to fully regain your credit worthiness.