Thank you CreditRepair.com for sponsoring this post. CreditRepair.com’s team understands that a credit score is not just a number; it’s a lifestyle.
When our family made the big move from New Jersey to Florida almost 5 years ago, we planned to rent for a little while before buying a home in 1-2 years. Unfortunately, our credit scores weren’t all that impressive and we had to do some work before that could happen.
Who knew your credit wouldn’t just fix itself?!
What is a credit score?
A person’s credit score is a number that tells lenders how reliable you are at paying your debts and ranges from 300 to 850. The higher the score the more a financial institution will love you and be more willing to loan you some cash.
If your credit score is on the lower end you could end up either being denied for credit to purchase a home or be left with an extremely high interest rate.
In our situation, we had to practice patience and put in some work. If you aren’t sure where to start, CreditRepair.com can help! They are the leaders in credit repair with over 500,000 clients served. With their help you’ll be able to know your credit, figure out smart, painless ways to repair your reports and go on to live your best life and buy your dream home.
Here are some of the ways we took back control of our credit score.
1. Pay your bills on time.
Home lenders, utility companies, credit card companies, and student loan lenders all want to be paid on time. Bummer, I know. But when you pay late (past any grace period) they leave a negative mark on your credit report.
Set up auto-pay if you have trouble remembering when bills are due and only take on loans you’re confident you can repay.
2. Repair negativity on your credit report. Everyone is entitled to one free credit report every year.
Get a copy of your credit report and review it for accuracy. It can happen that something will show up that isn’t yours. CreditRepair.com’s technology gives you access to a personal dashboard with tools like a score tracker, creditor and bureau interactions and credit monitoring.
3. Set a realistic budget.
Take a look at 1-2 months of your spending and set a realistic budget. See where you’re overspending and some really easy ways of cutting back will become obvious.
4. Only open credit when necessary!
Retail stores are notorious for offering enticing discounts for opening credit. While you may save on that purchase the average retailer credit card comes with a steep interest rate.
Taking on too many credit lines can equate to trouble real quick and doesn’t necessarily look appealing on your report.
It’s always important to remember that your credit score is not written in stone and can be fixed with small lifestyle changes. Let CreditRepair.com help you kickstart your credit repair journey today with a free credit report consultation.