Credit management refers to the responsible and strategic handling of credit accounts and debts. This involves making timely payments, keeping credit utilization low, and managing debts effectively to demonstrate financial responsibility and positively impact credit scores.

Credit negotiation involves engaging with creditors or collection agencies to negotiate more favorable terms for outstanding debts. This can include settling for a lower payoff amount or creating a repayment plan that is more manageable for the individual, contributing to credit repair efforts.

Credit counseling involves seeking guidance from certified professionals to help individuals manage their finances and improve their credit. It often includes budgeting assistance, debt management plans, and educational resources.