If you are in debt or even if you are just trying to boost your credit score a few points you may be all too familiar with how difficult that may be. Interest rates, credit scores, minimum payments and debtors calling can leave you wanting to fix your financial situation. With the lack of resources available you may find yourself wanting to run for the door. The stress involved can leave you wanting to pull your hair out and scream “How can I reduce my stress and fix my financial situation without breaking the bank”. Fret no more! Thankfully this helpful guide will get you on your way to improving your credit score without causing too much stress. Follow these excellent tips and tricks for improving your financial situation.
CHALLENGE EVERY DEROGATORY MARK ON YOUR CREDIT
If someone says that you owe them money it is your legal right to contest it. When you contest an item on your credit you are requesting that the debtee provide written proof of the debt within thirty days of the request. If they are unable to provide written proof the debt falls off of your credit report forever. While it is highly unethical it is recommended you contest every derogatory mark on your credit, even the legitimate ones. Furthermore there is nothing preventing you from contesting the same debt every month. If you bombard the debtee with enough request it will fall through the cracks eventually, and your debt will fall off. www.creditkarma.com allows you to contest debt for free every month. Consider this excellent tip if you are trying to reduce your debt and increase your credit score.
LOWERING YOUR MONTHLY SPENDING IS THE EASIEST WAY TO GET OUT OF DEBT
If you have high monthly overhead you need to get that down as fast as possible. One of the easiest ways to do that is to start tracking your finances through an application. Intuit GoPayment is a great application platform that will break down where your main finances are being sent. This is a geat option for people who cant manage their finances themselves. www.usaa.com also offers a free banking platform that breaks down your monthly expenditures and looks at your financial goals. It then displays all the relevant information in a pie chart and gives you advice based on your goals and milestones. No matter what your position in life is the easiest way to get out of debt is to lower your monthly expenditures to free up more money to spend on debt. Consider this excellent advice the next time you try to fix your financial situation.