Many people would say we as Americans often share a common problem. Specifically mismanaged debt. Mismanaged debt is one of the many reasons people get into serious financial trouble. When debt is not managed properly, it may seem impossible to get a high credit score to apply for personal loans,mortgages, car loans, etc. It can be challenging to say, start a business with debts that are Interfering with the approval of funds and so much more.
Credit Repair Nerds of Colorado is a company who provides healthy financial tips to clients. We educate people and counsel clients on the best approach in getting rid of debts by following our advice, tips, and tricks:
1. Budgeting: Lower your finances as much as possible for the time being. Don’t buy unnecessary things!
2. Avoid Unnecessary Inquiries: Do not apply for another loan or credit cards.
3. Save: Save money to reach those goals.
Ten percent of your credit score is determined by the type of credit you have.
Having more credit cards isn’t necessarily better, however, if we can manage multiple cards with different payment structures, interest schedules and the like, this becomes a demonstration of our capability in managing a diversified credit portfolio. Your credit score doesn’t measure wealth or success in life but it measures your relationship with money and debt management skills.
We at CRN have the desire to educate and to help. We can provide a full program or just one or 2 counseling sessions tailored to fix your credit and provide you with healthy tips at the same time for your better financial future.