Maintaining your credit record is one of the best ways to ensure that you are viewed as a positive risk in the eyes of financial institutions. Your credit health determines the stability of your financial lifestyle. If you have a good credit score, you’re more likely to be approved for credit applications. In some cases, it becomes challenging to keep track of credit, especially if you don’t have the necessary tools.
This is where enlisting the help of a credit coach can come in handy.
What does a credit coach do?
A credit coach will help you improve your credit status. Rectify unfair blacklisting and optimize your debt management to save you money.
A credit coach can also file and manage disputes on your behalf.
Credit coaching will help you build a strong credit foundation, while also helping you deal with past credit issues.
Some credit coaches may also help to protect you from the growing threat of identity theft.
In South Africa, you can visit www.kudough.co.za to benefit from the services of a credit coach.
By visiting this site you can get access to the services of a credit coach. This individual may be able to help you with budgeting and financial planning.
Ways to improve your credit record
Check your credit record at all credit bureaus. Ensure that the information is up to date and accurate. If there are any errors, make sure that you have hem rectified, before applying for any credit.
All your bills and the debt that you are repaying should be in your name. Make sure that you repay your debts diligently and on time every month.
Pay down your credit card balances and keep those balances low.
Pay more than the monthly minimum.