If your credit report is ailing, you may be interested in having your report revived. You may have already seen advertisements for companies offering credit help or credit repair services. Sometimes also called credit report counseling, these services promise to help you repair your bad credit – in exchange for a fee, of course. Even non-profit credit services generally charge a fee.
The good news is that even if your credit is poor and you would prefer to spend money paying your bills rather than paying a company to help you with your credit report, there are several things you can do to fix your own credit. In fact, financial experts suggest that customers always try to repair credit themselves. Not only is self-help credit solutions often as effective as professional help, but they always cost far less.
An Ounce of Prevention
The best time to begin to fix your credit is before it is even in jeopardy. Beginning with your first job, first bank account, and first loans or credit cards, you should start building up good credit habits. Not only are these habits very simple to acquire, but they may prevent you from ever needing credit counseling:
Get into the saving habit. Financial experts agree that learning to save and put money aside is one of the best things that customers can do. Even if you can only put aside a few dollars a month, learning to save up can help prevent credit disaster by preparing you for any emergencies.
Spend less. Learning to live below your means can help ensure that you won’t get into debt while chasing a better lifestyle.
Manage your money. Today, there is really no excuse not to manage your money wisely. With free money tips and advice from banks, online banking, and banking software, it is easier than ever to keep track of your debts and money.