Having less than stellar credit can impact you in so many ways. We all know that people with lower credit scores pay more in finance charges. This means higher interest rates when you go to buy a home. Even when it comes to credit cards and financing a vehicle, the lower your credit score is the more you’ll pay to borrow money. If you are a renter, having poor credit can result in you being denied a lease. Credit can be intimidating, but it shouldn’t be that way. Why?
Because, your credit has no bearing on your worthiness as a person; and just as important, your credit can usually be very easily repaired.
Everything is about perspective. Change your perspective and you can change your life. When and or if your credit score takes a hit, you have a choice. You can even choose to see it as a failure and somehow see yourself as a failure, or you can choose to see it for what it really is — a number.
In the article, You Are Not Your Credit Score: Credit and Self-Esteem, author Cynthia Drake states that having poor credit can impact a person’s self-esteem. She discusses how as Americans we focus on numbers; for instance, our weight, the amount of money in our bank accounts, and, especially, our credit score. We tend to use these numbers to judge ourselves and judge others. However, it’s time to stop.
Improving your credit is easy. In terms of qualifying for a home, improving your credit is the easiest part to address in the qualification process. For instance, it takes more time and effort to earn more money or develop a longer history on the job. However, improving your credit – now, that can often be done in a matter of months. It just requires knowing how and there are so many resources out there that will walk you through, step-by-step, what to do. Would you like to know what book we use to help our clients? Visit www.amazon.com to take a look at, “How to Remove All Negative Items From Your Credit Report for FREE,” by Riki Roash. It contains, just about, everything you need to know to get your credit back on track so you can buy a home.
Remember, you can do this! You are more than your credit and making the decision to improve your credit will change your life.
Do you need help? Give us a call. You don’t have to do it alone. Ph: 888-826-3774.