If you’re sure that you are entering the correct user credentials, most probably the user credentials would have been cached in Windows Live Messenger. You should follow the steps below to delete the messenger cache:
1. Open Windows Live Messenger sign-in window
2. Select your e-mail address from the E-mail address drop-down list.
3. Click Forget Me, and then click Yes to confirm the deletion
4. Type your e-mail address and your password
5. Try to Sign-in again with your new credentials