5 Steps: Improve Your Credit and Money

First, Stop avoiding your credit report and the total amount of debt you have. “Hoping” financial situations eventually improve on their own is not helpful. There’s no such thing as waiting out bad credit, not even for that cursed 7-year mark for items to fall off of the credit file. There is action you take now to drastically improve your credit score within the next 30 to 90 days. Go ahead and pull your 3 major bureau credit reports free from annualcreditreport.com

 

Secondly, identify which items are working for, which items are impacting you negatively and which items could potentially work in your favor.

 

Maxed out credit cards currently hurting your score could help you by paying down those balances. Negative items may potentially be removed from your credit report by disputing them properly. Not by clicking a button on a website to dispute but writing the correct letters to the credit bureaus and following up promptly in 30 days.

 

Paying down debt will reduce your debt to income ratio. These things will expand your opportunities for home ownership, increase your score and allow you to get better rates on current bills such as life insurance.

 

*Side note: Seeing items removed from your credit doesn’t necessarily mean you don’t owe the debt, but it does mean that your credit score won’t have to suffer because of it.

 

Third, create a plan.  Establish a budget allocating funds to pay credit cards off and pay down debt. Utilize the debt snowball by vigorously working to pay off one bill. Then add that monthly payment to the monthly payment of the next bill you plan to pay off. Continue this process until you reach debt freedom. This may be the point where you realize It will be impactful to put something up for sale, cut any monthly bills you can cut and pick up some sort of part time business to increase your income.

 

Fourth, Boost your credit score. Sign up with a report my rent program if you are renting. Or if you don’t have credit, secured credit cards are great start for building credit if you have no credit or a low credit score. Just remember to be committed to discipline and wisdom once that little piece of plastic is in your hand.

 

Number Five here should probably be number one but prepare yourself mentally. Having a mountain of debt, a low credit score attached to financial aspirations begins with frustration.  But you are not in a situation that many people have found themselves out of.

 

Remember! You’ve Got THIS!header-improve-credit

What To Do When You’ve Lost a Fight

One thing I believe I inherited from my dad is this intense need for good guys to win in the movie. I mean INTENSE. When I was 12 years old, my brother and I went to see the movie Richie Rich, and when the bad guys were chasing after Richie, I remember my dad cheering and shouting in the movie theater for the demise of the bad guys! Man, my brother and I were so embarrassed. But he didn’t care. He wanted to see the good guy win.

It seems almost natural to see good overcome evil. We want to see the hero trample his opponent, walk away with the girl, receive applause from the whole city and fly off in the night waiting for the next bad guy to surface.

But….here’s me keeping it One Hundred with you! Even Superman got his A$$ kicked. I’ve been a superman fan since birth. And you have no idea how infuriated I was when they laid superman in that coffin after his death after a fight with Batman.

Truth is, I think the death of Superman is relatable for many men today. I’m talking about the men that wake up every morning. They go hard to build futures for themselves, build homes for their wives and to feed their kids. So many of us push when we tired, keep moving when we’re in pain. Men who are fathers, providers, givers and demonstrate this tenacity that will not allow us to quit even when circumstances have backed us up against walls and into corners.

There are men who can relate, who made wrong moves and wrong decisions and now have no idea how to bounce back, rebuild and regain their footing. But they have given so much for the sake of others. The sacrifices that some of these men out here make are far greater than some of our greatest superheroes make in movies.

No one knows that they are heroes but they are. Mental fights, Spiritual warfare, internal bouts, the fight to walk a steady path, the battle with believing in themselves, the pain that comes with losing love and those who were close. The battle with not being accepted because you aren’t like everyone else.

Now that I think about it, Superman may have been a white man on the screen but he represented for the Brothers! As a matter of fact, having Michael B Jordan be our black superman doesn’t even matter that much because I can look at many of the brothers I do life with everyday and see black superman’s all around me.

Shout out to two Superman’s we’ve lost very recently in the last week

(RIP Wendell Zeiglar & My Uncle RIP Rickey Dixon)Superman Coffin

What I’m saying is, you have to be prepared to take some losses. To win every fight is a fairy tale. To achieve every goal with having a journey full of setbacks is not the way life is set up.

Here are a few things to do when you lose a fight:

  1. Own the Loss – This allows evaluation of your actions during the fight to see where the weaknesses were in your strategy or your plan and how to eliminate mistakes.
  2. Deal with Your Emotions – It dangerous to suppress them. Recognize how you feel and refuse to allow your emotions to paralyze your passion. Emotions are necessary for evaluation and improvement in regard to how we see ourselves and how we see others. If God didn’t want us to use our emotions, we wouldn’t have them.
  3. Talk to someone who has been where you are trying to go because I will bet you, they have dealt with the same doubts of coming back from a loss.
  4. Don’t allow your loss to define you. It could have been a matter of a missed step in your planning, a skill you need fine tune, finding the right connection to network with and be your strength in an area. Imperfection is a matter of humanness not a matter of malfunction.
  5. Don’t Give up! Don’t give up on your dreams! Don’t give up on your plan! Don’t give up on yourself!

You have got to get back up! Too many people need you to stand up and move on because what you will accomplish will open up doors for many to follow. Your victory is in your ability to maintain Hope and move in Faith

Hope Builds Legacy,

Aquila T Carmon