16 Apr Corona and Credit
Since most of us are home waiting for this virus situation to be over and kind of not much to do I Thought It may be a good opportunity to look at your credit, enhance or fix it.
Specially if we owe too much on Our credit cards or have a collection or two or charge off in our credit Profile. Usually even if your credit Is good, having high balances (over 30% ratio to your limits) brings Your credit scores down and you don’t get the best interest rates when you apply for loans.
Many of us are getting tax refunds and the Stimulus checks, it may be a good idea to use these monies For reducing our debts and fixing our credit By negotiating and settling those accounts or handling our Collection account., but the key word is “our Financial situation in this virus situation is ok and we are Not depending in these monies for our daily Living”. I still recommend using a professional reputable Credit repair company who does not have upfront fees.