written by: Reginald Clemons
Over the last 25 years, a person’s credit rating has grown in its influence over many facets of life. If your credit score is low, you may not be able to gain employment, a place to live, and you will typically pay more for big-ticket items than someone with good credit. How does one attain bad credit? The easy answer is not paying your bills on time. Many factors such as divorce, job loss, and illness can lead to missed payments, thus damaging your credit. Having bad credit can adversely affect you emotionally and psychologically. This can make it hard for you to make the necessary changes in your life to repair your credit.
The first thing you should do if you have bad credit is go to the three credit reporting companies and find out what is on your credit report. Millions of Americans had inaccuracies on their credit reports that erroneously reduce their FICO scores. Next, work with a reputable credit repair company to improve your credit. In addition, they can help you remove items on your credit report that may not be your debt. Third, realize that improving your credit takes time and like Philadelphia 76ers fans “Trust The Process”. You have to commit long-term to restoring your good name. Moreover, don’t beat yourself up over it. We as humans make poor choices at times. Credit like many things is not permanent and can be changed.
Furthermore, start making better choices with your finances and reduce your expenses. Many people ruin their credit by taking on too much credit card debt. Showing fiscal discipline will expedite your credit improvement. Lastly and most importantly, you must maintain a positive attitude. Depending on how bad your credit is, your journey may be long. In order to make it through this tough period, you must stay focused on the good things in your life. Friends, family, hobbies and other interests can help you achieve this. By taking these steps, Your chances of realizing success will improve exponentially.