Did you live 2021 with poor to average credit scores? If so, those low scores will cost you more money in 2022 when it comes to things like credit card payments, major purchases (a car or home), and any other purchase that you decide to finance such as that new bedroom furniture you’ve been thinking about.
So let’s kick off 2022 with a few resolutions that will lead to higher credit scores:
1. Get negative credit items removed from your credit report. This is really a no-brainer. If you have negative items such as late payments in the past 4-5 years, they are dragging down your scores. We can help you get these items removed and give you a clean slate in 2022.
2. Create a budget. If money is tight, then this is critically important. Knowing what NOT to buy and how to prioritize your purchases can be the difference between top tier credit and poor credit.
3. Pay bills on time. This seems simple enough, but it can be challenging in today’s economy and inflation raising the price of everything. If you’ve done a good job of creating your budget in step two above, then paying things on time becomes easier.
4. Learn how to manage your credit. There are important decisions that need to be made regularly regarding the use of credit. These are things like:
- How much credit should you have? (number of cards, credit lines, etc…)
- When/if credit accounts should be used, opened, or closed?
- How much of your available balance should you use?
- How much should you pay on your revolving accounts each month?
- How often should you check your credit for errors and what is the best way to do this?
We can help you to answer these questions if you need help or aren’t sure.
Right now, there is still time to take advantage of our enrollment special and save $100 by getting started before December 31, 2021. With just a few months of credit repair work, we can improve your financial outlook and help you to avoid high finance charges and higher interest rates in 2022 and beyond!
Give us a call for details and to get all of your questions answered. We’d love to hear from you.