by Jacques Poujade
Our credit score affects our lives in many different ways. Whether we’re buying a house or starting a new job, our credit score is a tangible representation of our fiscal responsibility. While these credit scores that can change at the drop of a hat, keeping a good credit score is important for a variety of reasons. However, despite our credit score’s importance, it can still dip due to many circumstances. Whether you’ve lost your job, missed a few payments, or any other number of situations that leave us with a less than stellar credit report, we often turn to finding ways to improve our credit and do so quickly.
As the managing partner at LendPlus, I understand that life can affect our finances, but staying on top of them and improving them when needed is important. I’ve seen first-hand how good credit can change people’s lives. Are you looking to improve your credit quickly? Here are 3 things that you can do today.
A popular use of credit is via credit cards. Unfortunately, these hold a high interest rate and show up as a lot of used up credit. One way to narrow this down – and improve your interest rates – is to get a personal loan. With this personal loan, you can pay off the credit cards and eliminate that high interest rate by replacing it with a lower personal loan, often with a lower interest rate. This method can also help out if you’re experiencing issues with late payments due to lack of funds or poor scheduling.
Call Your Credit Companies
Sometimes, simply having a conversation with your credit companies can help to improve your credit. Whether your credit has lowered due to missed payments or high interest rates, chatting with an agent at the company opens a conversation to improve your situation. If you’re looking to have a missed or late payment erased from the record or to lower your high interest rate, talking to the company is a great first step. A little bit of communication and openness goes a long way when it comes to improving your credit.
Monitor Your Credit
It’s important to monitor your credit consistently to ensure that you know when it’s improving – or dropping. By diligently monitoring your credit, you can see what is affecting it and how you can change things fast rather than being surprised a month or two down the line. With today’s technology and online resources, it’s easier than ever to monitor your score and see how and where it’s being affected.
I understand that improving your credit can be easier said than done, but making a positive change is the most important first step. If you’re interested in learning how to still make large life moves while working to improve your credit, I can help with that too! Learn more about getting a mortgage with bad credit here.
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