Are You Keeping Your
Debt Resolution?
Every year, whether we make a conscious resolution about taking care of our debt or not, a tiny voice inside us reminds us this is a good idea. Make a budget, stay on budget, order those credit reports and clean up those negative items that have your credit score down in the dumps. You can save thousands by lowering your interest rates with very little investment. This is a key step to paying off your debts by lowering monthly payments on all your loans.
Order Your Credit Reports
The first step in your debt resolution is to order a credit report. It's easy to do. The easiest and quickest way to order a credit report is on-line. You can have your results in a matter of minutes. You will want to choose an on-line company that offers all three credit bureaus and possibly your credit score. With a credit report you will no longer have to guess about your credit worthiness. The report should list all of your accounts past and present and have valid current information about you.
Unverifiable, inaccurate, or misleading items should be disputed.
When you receive your credit report, look it over. Get a highlighter pen to mark any negative information. First, check to make sure all the information on the report is yours. It is not unusual to find information that may not even belong to you on the report. Next, review the report for any negative listings. Negative listings are items such as; 30, 60, or 90-day late payments, collections, liens, or bankruptcies. This will give you a clear picture of your credit history. If you have even a few items highlighted your credit report is not viewed in a positive manner. This can affect numerous areas of your life from the ability to purchase a car, rent or purchase a home, apply for insurance, even ruining the chance of getting a new job. Your credit report is being check by everyone.
Start Today
If you are showing negative listings, don’t feel like you need to wait out the seven years it takes for items to “fall off” your credit report. Get active and make your debt resolution become a reality.
Now just picture yourself next New Year’s Eve with great control over your debt & credit. You can do it.
