Reducing your debt will actually give you all the credit you need. Once you start paying down your existing obligations you will not only gain back your available balance, the credit card companys will want to increase your available credit to encourage you to keep charging.

What ever you do, keep up communication with your debtors. You can get lower rates with just a phone call. Be careful with debt consolidators. Most of your future credit issuers do not see that as a step in the right direction.
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