Improving credit score

Hello, My credit life wrong by a long shot. I show about a 7 year credit history. I have an older credit report that shows several home loans and credit card debt from the late 1980's. Is there any way to get this information updated on my current report?

Secondly my credit usage score is very high. This is because most of my credit card lenders lowered my credit limit due to a change in my income. One of them went from $2.000 to $113. I was fine until this happened. For the most part they cut my limit to almost what I owed. I had no late payments with any of them. All together the cut about $7,000 off of my limits.

Thanks in advance

posted