PLEDGE TO CHANGE HOW YOU FEEL ABOUT MONEY. The first and most important step in developing and following a financial plan is to examine your attitudes about money. Are you ready to accept responsibility for changing your financial situation? Do you believe that you can and will change the way you make financial decisions? Can you identify at least one benefit you hope to gain by changing your money management behavior? You are definitely ready and able to start your path to financial wellness; if you are also willing, take the pledge!
GET ORGANIZED After you make your pledge, it’s time to get financially organized. Once organized, you will see your whole financial picture. Proper planning and discipline will help you make choices that will lead to sound financial management of your finances. Start with your financial record keeping such as your income and expenses. All papers associated with your income and expenses should be kept in a safe place. Next consider organizing your legal documents. This may include wills, health care proxy and power of attorney. Once you have your finances organized you can feel good about moving forward and taking your next steps to financial health. To help get you started, download a free copy of Personal Financial Workbook here: www.communitycreditrepair.org
GET COPIES OF YOUR CREDIT REPORT Your credit reports can provide a valuable snapshot of your overall financial situation. Reviewing your credit reports for accuracy can also help you to identify errors or fraudulent activity. The Fair and Accurate Credit Transactions (FACT) Act gives every consumer the right to receive a free credit report every year from each of the following credit bureaus: Experian, Transunion and Equifax. To check your report as often as possible, you can stagger your requests and get one report from one agency every 4 months. That way you’ll see your report three times within a year. To get your free credit report visit www.AnnualCreditReport.com or you may call directly at 877-322-8228.
DISPUTE ANY ERRONEOUS INFORMATION ON YOUR CREDIT REPORT If you find an error on your credit reports, you are protected under the Fair Credit Reporting Act (FCRA) and the credit bureaus are required to provide correct and complete information to companies requesting credit histories. If you find an error on your report, simply follow these steps: • Write to the credit reporting agency disputing the item and include any supporting documents. Keep a copy of all documents for your files.
See a sample dispute letter here: www.communitycreditrepair.org When the credit reporting agency receives your letter disputing the item, they must investigate the item in dispute (usually within 30 days) by presenting the information you submit to the creditor. • By law, the creditor must review your evidence and report its findings to the credit bureau. • The credit bureau must then give you a written report of its investigation and a copy of your report if the report results in a change. You can also fill out an online dispute form provided by the credit bureaus. If an item on your report is found to be an error and is corrected, you can request that the credit bureau send corrected copies of your report to any creditor who received your report in the previous six months or any employer who received your report in the previous two years.
SET FINANCIAL GOALS Setting financial goals is an important step to financial health.
Before you set your goals, follow the SMART rules.
Goals should be Specific, Measurable, Achievable, Realistic and Timely. S = Specific; I will pay off $5k in unsecured debt
M = Measurable; I will allow $100 per month for that payment
A = Achievable; I can achieve this if I cut back on my expenses, my cable TV and my cell phone bill
R = Realistic; Instead of buying books or renting movies I will use my local library and attend free events
T = Timely; I will have my credit card debt paid off in 30 months
SET SHORT, MID AND LONG TERM GOALS When establishing your SMART goals, you may want to break them down further into short-term, mid-term and long-term goals. Goals will differ in the length of time needed to achieve them. Short-term goals are priorities that can be accomplished within one year. Mid-term goals are priorities that can be accomplished within two to five years. Long term financial goals are priorities that may take more than five years to accomplish.TRACK YOUR SPENDING While most individuals find tracking how and where their money is being spent tedious, it’s critically important to achieving financial health. You should track your spending for a minimum of 30 days before developing a budget. If you don’t it can be difficult to really determine what your monthly expenses are. We recommend that you track your spending until you feel completely comfortable with knowing where you money is being spent. There are many ways to track your spending. You can use
Community Credit Repair specializes in collection removal, collection deletion, charge off removal, bankruptcy removal, late payment removal, repossession removal, foreclosure removal, tax lien removal, judgment removal, and dispute code removal. These are permanent deletions from your credit report.
Community Credit Repair will work with your creditors to lower your interest rates on your current credit cards to help pay off the debt faster, or we can settle the debt for much less than you owe.
Community Credit Repair will work with your delinquent student loan lender and have all of your late payments removed under the rehabilitation program.
Community Credit Repair offers credit coaching and budgeting techniques to help you re establish your credit faster and get you on track for long lasting financial changes.
Community Credit Repair fixes bad credit and low credit scores.
Call us today for a free consultation at 888-580-2879
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