CREDIT RESTORATION TIPS!

I wish I’d … Paid My Bills on Time... Failing to pay your bills on time is a significant credit misstep. The largest portion of your credit score (35 percent) comes from your history with making on-time payments to your creditors. If you have a spotty record in this arena, your score might be in bad shape. Moreover, if you have accounts that have been sent to collections, this information could hang around on your credit report for years. Again, you can’t rewind time, and turn late payments in on time. The best way to move forward is to make a commitment to paying your bills by their due dates from here on out. Set up text or email alerts with your lenders, mark a calendar or set reminders on your phone – whatever works for you. Over time, the negative marks on your credit report from collections and late payments will be replaced by the positive information you’re creating. Knowledge is Power and Credit is King! #NoMoreExcuses