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How to Improve Poor Credit

Thu, Mar 08, 2018 at 4:31PM

How to Improve Poor Credit

You hear it all that time: credit is important to nearly everything we buy. While maintaining a positive credit history is a good idea, the fact is that sometimes it’s just not possible. There are even times when those with good credit fall on hard times.

The good news is that there are ways to make sound financial decisions that will help improve your credit score, no matter where it is in the credit range. One of those options is check cashing assistance.

Thousands of people have benefitted from this service. It’s a great way to quickly get the funds you need. In addition, check cashing assistance prevents making unsafe or unwise financial decisions. Here’s how you can start improving your credit score (or building credit) today:

Assess Your Spending

The first step is to determine where your money’s going each month. Cut back or eliminate unnecessary expenses and use those funds to pay off debt.

Drafting a monthly budget is also a good idea. You can even make a game out of seeing how close you can get to the budget limit for various categories without going over. Doing this will make saving and safe spending fun and easy.

When possible, make more than the minimum payment on credit cards. Consider scheduling multiple monthly payments, which helps to reduce the overall balance.

Never Skip Bills

Late payments (even a few days) adversely affect your credit score. Missing a payment altogether is even worse. Struggling to pay late fees on top of new bills can be frustrating and overwhelming. Rather than skipping a bill, there are other options.

By visiting one of our 10 convenient Central Florida locations for a cash advance loan, you can pay all your monthly bills and keep your positive credit history intact. In addition, this option keeps accounts out of collections, so you won’t be harassed by aggressive creditors.

Monitor Financial Data

Timely payments are one of the major factors in determining a credit score. Some outlets allow you to sign up for payment reminders, so you’ll never be caught off guard and miss a payment. Automatic payments to credit or debit cards are also available.

It’s important to regularly check all accounts for false or fraudulent charges. It’s difficult to resolve an issue when it’s been going on for months. By then, your credit has already been damaged. Financial experts recommend checking your accounts at least once a week.

Also, you’re eligible for one free credit report per year. This is a good time to check for errors. In addition to data discrepancy across the three major credit bureaus, credit reports often feature incorrect information. Thoroughly check and immediately report errors.

Reach Out for Assistance

Relying on credit and debit cards isn’t the only option when it comes to paying bills and making everyday purchases. Many people stand by check cashing assistance and use the service every month to satisfy their financial obligations.

From cash advance (payday loan), to check cashing, bill pay, money orders, and even gift card buy back, Check on Hold has a service to meet every need.  

For times when you need or want a debit card, we also offer a safe and secure prepaid option with no credit check, 100 percent approval, and all the features of a bank debit card.

Contact us today for more information or stop by one of our 10 convenient Central Florida locations to find the financial solution that’s right for you.

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