Credit Solutions — 3 Solutions to Credit Issues Facing Many of Us Today

1. Credit Solutions — 3 Solutions to Credit Issues Facing Many of Us Today Your credit score is the key to your financial freedom, but, unfortunately, it can also limit your options if it’s on the low side. Do you wish yours was better? Make sure to look for credit solutions before it’s too late. The earlier to fix your score, the better. Why do you need credit solutions? Your credit score can suddenly and quickly drop due to various reasons. And sadly, the lower your rating, the harder it will be for you to borrow money and obtain reasonable interest rates. Consider late payments, for example. Your credit score could drop significantly if you continuously forget to pay your bills on time. This is because the ‘payment history’ accounts for 35% of your FICO score. A ‘derogatory mark’ such as a bankruptcy, lawsuit, foreclosure, or account charge-offs can also cause your score to fall significantly. Moreover, these derogatory items can remain on your credit report for up to ten years. Top three credit solutions to help repair your credit score Here’s some good news for you: It’s still possible to improve your credit score despite your payment history and derogatory marks. Seek the help of a reliable credit solutions provider and try to do these if you can:  Pay your bills on time. This is easier said than done, but you need to develop the discipline to avoid late and missed payments; if you want to improve your credit score significantly. Do you have trouble staying on top of your monthly bills? Consider setting up an autopay system. This way, you don’t have to keep track of your mortgage, online subscriptions, loan payments, and phone bills.  Check your credit score regularly Another good way to avoid a poor credit score is to check your report regularly. This way, you can quickly catch errors and determine which behaviors negatively affect your score.

2. Make sure to view your credit report via Equifax, Experian, or TransUnion at least once a month.  Dispute the errors. What if your credit score drops even when you’ve been religiously paying your bills? In this case, you might want to check it for errors. It’s common for credit bureaus to make small mistakes. So if you spot inaccuracies such as misspelled names and closed accounts, make sure to dispute them immediately. Don’t have the time to do this? A credit solutions provider can help.