I’ve been sharing some of the key steps I believe to be most important in improving your financial situation. So far, I have gone over;
Step 1: Discover Your MoneyMind®
Step 2: Create a Spending Plan You Love
Step 3: Track Your Spending
Step 4: Stop the Leaks
Step 5: Create a Savings Plan That Supports Your Dreams and Goals.
Step 6 is to increase your credit score! This won’t happen overnight and it will most likely take some work, but having a good credit score could save a lot of money over your lifetime which will allow you to live a better financial life!
Getting grounded financially is a necessary step toward financial independence. To begin, you must know where you stand financially, especially in areas you may have been avoiding.
Here are a few suggestions to help you to become grounded financially.
You can do this online or by calling (877) 322-8228 or mailing: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. The three credit agencies are Equifax, Experian, and TransUnion. Each agency may list different information so you must look at your credit report from each.
There are other websites that can assist in obtaining the credit reports from all three agencies and most will charge a fee to disclose your FICO score. It is not necessary to know your FICO score when reviewing the accuracy of the credit report however some people enjoy seeing their credit score improve with all of their efforts to transform their financial lives. (Some credit card companies will list your FICO score automatically on your monthly statement for free.)
Check back regularly for more tips on how I can help you live richly!
References and Further Reading
Equifax. (2019). How Do I Get My Free Credit Report? https://www.equifax.com/personal/education/credit/report/how-to-get-your-free-credit-report/
Experian. (2019). What is a Credit Utilization Rate? https://www.experian.com/blogs/ask-experian/credit-education/score-basics/credit-utilization-rate/
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