A person’s credit score is one of the most important things in one’s life. This number rivals one’s social security number in importance. This is because a credit score is what folks use when determining everything from a loan application to employment. Landlords have been known to use this number when it comes to approving a person for an apartment.
Thus, it pays to not only know what your credit history is like but what also the specific score you have earned. Free credit repair tips are easy to follow if you are willing to do the work. Though it may take you some time, the following free credit repair advice can take even the lowest or sketchiest of credit scores and make them good as new!
Talk to Lenders
One of the first pieces of free credit repair advice you should follow is to talk to the people to whom you owe money. This way, you can be sure to work out a payment plan. Some lenders will even help you by waiving or stopping late fee charges for a month or two. If you talk to lenders, you can explain your situation and will show them that you do want to give them their money but that it will take some time.
The next piece of free credit repair advice to follow is to know what you owe. You should first add up all of your debts and list the interest rates of the items. Next, you need to prioritize which debts you want to pay off first. This way, you can pay the minimum balances on your other bills and can be aggressive with others. Once you start paying off your debts, you will feel all the more positive about the future and about improving your credit score.
Pay On Time
If you want to repair your credit, then you need to pay your bills on time. Any free credit repair advice will tell you that pate payments can chip away and ruin a person’s credit. Thus, even if you can only afford to pay the monthly minimums, you should do so. This way, you can at least stabilize your credit and can keep the bill collectors from blowing up your phone or hunting you down.
Even paying a little bit each month will be an improvement on not paying anything at all. After all, creditors want their money. Free credit repair advice says that if you show a bit of effort, the people you owe will be less likely to hound you and less likely to send your bills or debts to collection agencies.