Get back on track from the summer fun: 5 tips for Fall Success

Summer is a time for fun and frivolity, leading to luxuries in which we may not normally indulge. Before long, it's easy to find that you left your financial goals behind in favor or a laid back and carefree summer, spending more than usual and letting the debt build up. Getting your credit back on the right track isn't always an easy task, but with the right steps, you can make sure you're ready for fall.

1. Re-evaluate your situation

Before putting a plan in action, it's important to understand the damage. Whether you built up a little more debt than you expected, or fell behind on loan payments in all of your vacation planning, it's time to figure out exactly where you went wrong, or what help you may need. Take an honest look at your financial situation overall, including your debt, your loans, and the amount of money you have on hand. Without knowing where you went wrong, it's hard to find a fix.

2. Choose a priority

Instead of panicking over your entire financial situation, choose one thing that is of the most concern. If you accrued substantial debt over your summer, make that your mission. Defaulted on a loan? Focus on that instead. It might seem compelling to try to tackle it all at once, but this can end up creating bigger problems down the road when you lose focus and find your attention too divided.

3. Set a plan

The only way to rectify a bad situation is to change your habits, and that probably won't happen without a plan. The plan you choose will depend on the problem at hand and what means you have to fix it. If you've been late on your bills, for example, set a reminder in your calendar to make sure you don't miss another deadline. Whatever plan you create, take steps to make sure you follow it. Without proper follow through, you're never going to change your bad summer habits.

4. Focus on the day to day

A problem like a drop in credit score or credit card debt can take some time to fix, but it's important to take your plans one step at a time. Good habits now will lead to good results in the future, which is why everything you do today is a part of what will come tomorrow. Even though it might be compelling to charge an expensive purchase knowing that there will be time to pay it later, it's important to realize that fixing credit is a day to day process.

5. Get help if you need it

If you're not sure where to start with money management, professional help might be your best solution. Whether you're a first time homebuyer trying to raise your credit score or a young family with a lot of debt, assistance can be the difference between success and failure. When you need a plan or aren't sure what your priorities should be, a credit expert can help you figure out what your target can be and what it will take to bring your credit to the level you deserve.

Credit repair isn't easy, especially after a summer of fun. Luckily, no bad choice is permanent, and there's always something you can do to see results. By following these five tips, it'll be easier than ever to prepare yourself for fall success.

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Being In the Know with Credit Repair - 3 TIPS for Better Results

Summer is almost over and while many of my clients have been maintaining their credit repair commitments, there are always a few things that can have a tremendous amount of impact on how well things can go in any given credit situation. In today's post, I will share insights into what has been identified as pitfalls for lack luster results and ongoing credit problems that never go away.

 Credit problems began for many people as the result of poor habits with spending, saving and bank account management. Spending can be the ultimate destroyer of any kind of credit repair plan of actions because often times an individual will not have checked the credit card balance, the debit card charges activated in any given day and when or how deposits are credited to their own bank account. These types of situations result in the need for some type of credit repair assistance because the end result affects their credit rating. This may daunting because there so many inroads to credit problems; the tips I will share here, can help you when engaging in credit repair assistance.

TIP 1: Keep a close eye on what comes in the mail.
Credit challenged individuals and those that have developed poor habits, simply do not bother to check and read their mail. Bad on so many levels! You need to know what is being reported about you. The adviser working with you needs to know as well. Hard documentation can be the saving grace for you in certain critical situations. It helps when the documentation can be located and therefore your adviser can better help you achieve better results.



TIP 2: As stated in the opening of this post - maintaining all spending levels, use of credit and debut cards is extremely important. The fastest way to disaster is when money in flying around and nothing is being monitored. Many times, late payments are the result of absent-minded spending. Credit card companies impose late payments and fees when you least expect it. Those fees also accrue interest and can often be sighted for the root of credit problems because balances accrue faster.







TIP 3: Keep an active credit report monitoring service. You may see those commercials on credit score confusion, what is and how it affects you; the best way to manage and be responsible while working with an adviser is to keep a service that will provide up to the minute details, alerts and assist in the reconciliation of  the work in progress. It's a weapon that will help you in ways you cannot imagine! Credit repair is a smart option and is no longer in the stone ages as the industry is constantly changing. Being proactive is what gets you beyond the credit problems and helps you actualize what you can achieve for better results.

As the month of August is coming to end and perhaps you have not made the definite commitment to work on your credit and finances. There are a few more months this year to still get on it. The key is to stop procrastinating and be honest about what you want to achieve. Then have a real conversation with a competent adviser to activate a plan of action.

As always, we are here to help you. Our products are effective and offer some pretty cutting edge options. Don't let this year pass you by, get to it!

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