3 Tips to Repair Your Credit Score
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It’s not easy to open up about my history with bad credit. Going through a divorce while simultaneously juggling medical bills and student loans is no small feat and did significant damage to my credit score. I’m in a place now where we are starting to look into buying our first home, but I was terrified my credit history would hold us back. Although it can be embarrassing to be real about your struggles with bad credit, there are lots of tools and tips to help get you back on the right track! Keep reading for three tips to repair your credit score.
FIGURE OUT HOW MUCH DEBT YOU OWE
One of the first steps I took to repair my credit score was to total up all of the various debts I owed and the minimum payments on each. Although a late payment hadn’t previously seemed like a big deal, what I didn't realize is that a mistake that small can stay on my credit report for up to seven years! Knowing that it was crucial for me to begin making payments, I made the calls to set up payment plans as soon as possible. One of the most important things I learned through this process was never to be afraid to ask for help. If you’re a single parent, there are programs out there that you may qualify for that can help you in paying back bills based on income! I began with the minimums and started making payments to pay off whatever bills I could. Even though I still have some way to go in repaying my debts, I’m at a much better place than I was even a year ago.
SEEK PROFESSIONAL GUIDANCE
A really great tool in rebuilding your credit is through working with Lexington Law Firm. Whether you are caught in the aftermath of a divorce like I was, struggling to pay back your student loans, or just having trouble keeping up with bills, Lexington Law Firm can help. When you decide to work with Lexington Law Firm, you can feel comfortable knowing that you are working with experts that have a deep knowledge of consumer protection laws, equipped with the tools to advocate and fight for their clients rights to good credit. Starting at just $24.95 per month, Lexington Law Firm offers packages designed to meet anyone's needs and circumstances. You can get more information about Lexington Law Firm here.
MAKE A BUDGET
The credit repair industry has grown exponentially in recent years, therefore creating a plethora of fact vs. fiction information. Clients need to be educated that errors can and need to be fixed. Going forward, I’m so proud of the progress we’ve made and I want to ensure that my families credit never gets back to the place where it was. The most successful way I’ve found to keep my family on track is through a budget. At the beginning of every month, Ben & I sit down to allocate our funds into various categories including bills, charity, food, clothing, transportation; etc. This helps us focus on spending our money on things we genuinely need vs. the things that want.
I want you to know that although improving your credit score may take time, it can be done. I can speak from personal experience, as I’m still in the process of recovering mine. Every consumer has the right to good credit and the law is on their side to help them fix mistakes.