Hello, beautiful people from across the lands! I am such a DIY girl when it comes to personal finance. Partially because there is no room in my budget to pay someone to do these things for me. The majority reason is that financial literacy is a must-learn fundamental we all need to take part in. In this post, I go over ways to fix your credit for free that do not require much brainpower. You will walk away with easy steps to get started in moving your credit in the right direction. Let’s go!
This blog is to serve as informational purposes only and not to replace the professional advice of a financial advisor or credit consultant.
Pull Your Credit Report
In order to fix your credit, you first need a full picture of what is actually on it. Visiting annualcreditreport.com allows you to pull your credit report from all three bureaus. Right now during the current pandemic, you are able to pull your credit WEEKLY FOR FREE.
Sign Up For Experian Boost
I share my experience with Experian boost in this post here. I highly recommend this free tool to help get your credit on track. Experian Boost allows you to report your utility and telecom bill payments to all three credit bureaus. What’s nice about this is that it only reports payments made on time and not missed payments. This has literally boosted my score over 100+ points in the past two years. Sign up for free now!
Monitor & Pay Down Debt
Making on-time payments impacts 35% of your credit score. Making payments to debt on time and drawing down those balances can positively move your score in the right direction. Now, this can be an oxymoron because your credit score is based on how you handle debt. However, if you have a high debt-to-income ratio it is in your best interest to get that balance down.
Action Steps to Take NOW
1st Step: Visit annualcreditreport.com and pull your credit report
2nd Step: Grab any utility and telecom bills to use for a credit boost
3rd Step: Sign up for Experian Boost (it takes less than 5 mins to get started)
Conclusion
There may be some things on your credit report that might require a credit professional. However, I know there are also some things that you can do on your own by using the steps laid out above. It is important you gain the basic knowledge and understanding of your credit so you do not wind up in the same predicament.
Personal finance is just that personal. What may be impacting one person’s credit is not the same for everyone else. Researching what is hurting your score not only empowers you but also helps put you in a more secure financial position. Trust me if I can do it you can too.
Until next time dream, believe and achieve.
What strategies do you use to move your credit score in a positive direction?
