With 2021 now less than a month away, it is time to start thinking about your goals for the New Year. Whether you are hoping to buy a new car or finance a new home, you will need to have a good credit score. In this article, we will discuss a few tips on how to improve your credit score in the New Year.
- Map Out Your Goals: In order to first start improving your credit, you need to map out your goals. Are you looking to improve your credit score to apply for a loan, or are you simply trying to qualify for a better rewards card. No matter what your goals are, it is important to write them down so that you can work towards them. The process of improving your credit score can be lengthy, so it is important to map out your goals in order to stay motivated throughout the year.
- Keep Track of Your Income and Expenses: Keeping track of your income and expenses will make it much easier to manage your credit. If you take the time to come up with a spending plan for 2021, you will always know where your money goes every month. Keeping track of your finances will also make you more aware of how much you’re spending on your credit cards.
- Monitor Your Credit Card Utilization: If you keep track of your finances in the New Year, you need to pay close attention to your credit card utilization. In order to raise your credit score, you should try to keep your credit utilization under 30%. In other words, never use more than 30% of your credit card’s limit.
- Pay Your Credit Card Balances On Time: Late payments are one of the most damaging factors to someone’s credit score, so it is important to pay your bills on time in 2021. You should figure out when your credit card bill’s are due every month, and then make a plan for each month in order to ensure that your bills are paid on time.
- Get In Touch With Us: If you want to get more immediate results, you should get in touch with us! Credit repair is a complicated process and it can be easy to become overwhelmed. We will work with you by evaluating your credit reports and identifying damaging factors. After that, we will come up with a customized credit repair plan and start the process of removing damaging factors from your credit report.
In Conclusion…
If you follow these tips, you will be on the right track to improve your credit score in the New Year. If you are looking for more helpful credit repair articles, check out our Tips page!
If you are looking to start improving your credit, book a non-obligatory 30 minute appointment with us!
