7 Strategies to increase your credit score super fast!

I received a call today from someone wanting to know if I could summarize a quick system for them to get a credit boost, what would I recommend.

Well, many people are completely ruined behind their credit card account getting slammed with 30% interest rates and outrageous late fees. But I would be remissed if I left out the suggestion to pay them down as much as possible, so here it is.

1. Pay down your credit cards. The goal is to get your balances below thirty percent of the credit limit on each of your credit cards. Many experts will tell you to pay off the card with the highest rate first. I recommend to my clients to pay down the cards that are closest to their limits.

2. Keep an eye on your credit card usage. You can skyrocket your score by limiting your charges to 30 percent or less of each cards limit. Some may find it challenging to keep track. For those individuals I recommend that you use a check register.
3. Check your credit card limits. Sometimes your credit score will be lower because a lender is showing a lower credit limit than you have. Request that the lender update their information.

4. Don't overlook your old credit cards. The more established your credit history the better. The downside is if you stop using your old credit cards the lender may stop updating your account or close it. So dust off those old cards and put them to use…even for small charges like a tank of gas will keep an an account active.

5. Gotten into a jam? A second chance could be your out. If you have been a great customer a lender will take that into consideration when you make a overdue payment. Contact the lender and explain the situation and more than likely they will excuse the late payment. It doesnt hurt to ask.

6. To agree or not to agree. The older a negative mark is on your credit report the better the chance that you will win the dispute and gain a deletion from the credit bureaus. I recommend that you dispute all negative marks on your credit. What do you have to loose. At best, something will get deleted and you gain 10 - 20 points just like that!

7. Knowledge is financial freedom. The more you learn about the credit repair process the better off you will be. How long will that take? Well, that all depends on how bad you want to gain that edge - invest in yourself!

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How to help people make better financial decisions

"Establish a 90 day Goal Plan."

How I did it: I detailed what I wanted to do and set up strategic steps to meet them such as:

• How much I wanted to save each month.
  
• What credit card would be paid first.
  
• What one thing, I wanted no matter what and how I would get the money to pay for it.
  
• Where I wanted to be in 3 months, 9 months and than 12 months.
  
• What I would do different to achieve each goal
  
• 
  
  
  
  
  •  Such as habits I knew I had to change
    
  • When I start changing them
    
  • Expected outcome
    
  • How long I would commit to each habit change
    
  • Identity all at stake to make that goal happen
  
  

Lessons & tips:

1. Be SUPER HONEST with yourself!
   
2. Think every decision through
   
3. Let emotions go
   
4. Re-evaluate people in your life that bring out the worse in you.
   
5. Find people that can help you achieve your goals!

Resources:

1. A Journal for daily writing
   
2. A workout schedule that helps you stay focused, a focused mind develops into fine tuned machine! Your body needs attention when you are goal-setting - don't ignore it!
   
3. Picture wall that shows every step how you will feel when each goal is accomplished - this is important to train your senses and your mind will follow.
   
4. Reading the paper on Sunday - see what is happening around you financially. I found learning about the financial mess help me gaining a clearer vision of what options would best suit me when I decided to invest

It took me 4 months.

It made me Incredibly Elated!

See more progress on: help people make better financial decisions

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