Credit Infocenter

Which 1 of These 17 Things Can You Do to Help Your Credit Today?

March 25th, 2016 · No Comments · Credit Repair

by Kristy Welsh

(Last Updated On: January 17, 2018)

Which 1 of These 17 Things Can You Do to Help Your Credit Today?

There’s no shortage of good things you can do for your credit. What’s not so good is feeling overwhelmed by all of these options and, subsequently, doing nothing at all. The key to success? Simplify. What’s just one thing you can do to help your credit today?

1) Check your online accounts for accuracy. Ideally, this should be a near-daily online review of your checking account, saving account, and credit card accounts.

2) Set up automated payments. Forgetting to make a payment means more than late fees; it can also mean a strike against you on your credit reports.

3) Set alerts on your phone to remind you to make payments that aren’t automated.

4) Set up automated savings. Think you can’t afford that? As little as $25 a month makes a difference.

5) Get free copies of your credit reports from AnnualCreditReport.com. You’re entitled to these once every 12 months.

6) Set up free monthly credit monitoring. Just keep in mind you will have to provide these sites with the personal information necessary to access your credit reports.

7) Look through your credit reports for errors. Here’s what everything on your credit reports means.

8) Find out the statute of limitations on debt in your state. If it’s passed, you are not legally obligated to pay the debt. That said, the negative listing could stay on your credit report for up to 7 years, so you may want to settle the debt anyway.

9) Learn how to dispute credit report errors. It can be the most effective part of the credit repair process.

10) Find the dispute letter you need. We have lots of samples you can tweak so you don’t have to start from scratch.

11) Mail a dispute letter. Snail mail, that is. Yes, the credit bureaus have an online dispute process, but it’s recommended you do it the old-fashioned way. Just be sure to make copies of everything you send and mail it certified with signature delivery confirmation.

12) Make an extra credit card payment. An extra 10 bucks here, 20 bucks there, adds up.

13) Find money in your monthly budget to put toward paying down debt. The best place to find extra money is in your food and entertainment budgets. Can you eat out less? Make more meals at home? Cancel cable once and for all?

14) Create a budget if you don’t have one. Think a budget won’t work for you? Learn how to create, manage, and tweak this elusive tool.

15) Brainstorm new ways of earning extra money to pay down debt. Side hustles are all the rage these days in this sharing economy. How can you get on board?

16) Get creative. Write out your credit goals. Make a vision board. Create a positive affirmation.

17) Talk to your family about your credit. Make sure you’re all on the same page about the reality of your financial situation today, your goals for the future, and the steps you need to take to get there.

Tags:

No Comments so far ↓

There are no comments yet...Kick things off by filling out the form below.

Leave a Comment