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Advice from a credit-repair expert: What to do if you can’t pay bills



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  • According to credit-repair expert Matt Listro, if you’re having trouble paying your bills, the biggest mistake you can make is not reaching out to your creditor and explaining your situation.
  • In light of the coronavirus pandemic, banks and other lenders have expanded their financial relief programs to accommodate customers who have lost income — but these programs don’t work automatically; you need to reach out.
  • Another mistake is waiting too long to ask for help. Listro recommends contacting your bank as soon as you realize you may have trouble with your bills so you can get relief before the issue gets worse.
  • Get your free credit score with CreditKarma »

As millions of Americans have filed for unemployment and countless others have lost income for other reasons related to the coronavirus crisis, building and maintaining a good credit score is harder than ever. But it remains as important as ever, especially if you’re looking to apply for any type of loan in the near future.

To better understand how to manage credit problems during this crisis, I spoke to Matt Listro, one of the nation’s top credit repair experts.

Listro is the founder and owner of National Credit Fixers, which has been helping people with their credit since 1996. He’s also the producer of Credit Con, an annual conference for the credit-repair industry, and he sits on the advisory board of NACSO, The National Association of Credit Services Organizations.

You could get help from your lender — if you ask for it

According to FICO, the largest portion of your credit score, 35%, is attributable to your payment history.

Simply put, if you don’t pay your bills on time, it will be impossible to have good credit. So what should you do if you’re unable to make your payments due to the economic crisis?

According to Listro, there are a lot of misconceptions about your options in this situation, and most companies are actually willing to work with consumers during this crisis.

Listro says the biggest misconception is that people assume that various financial relief programs will work automatically, while the reality is that you need to reach out to your lender to explain your situation and discuss your options. 

Listro’s advice for people who have lost their jobs or have seen their hours reduced can be summed up simply as: “Be proactive.” He advises people to call their billers and see if they can be of assistance to you.

Talk to your creditors, including your mortgage company, your credit card company, and your bank. “You don’t know if your landlord will have the ability to be compassionate with you, but they might,” says Listro.

He points to many lenders that have programs to help people who are having trouble. Banks are offering customers assistance for mortgages, car payments, credit cards, and more. These programs could give you some extra time to make payments, waive late fees, and more, but it’s up to borrowers to contact them and ask to be part of the program.

Don’t wait until you’re in dire straits

Another issue is people waiting too long to ask for help from their lenders. “Don’t wait until you absolutely need it,” he says. “If you’re on the verge or you’re not sure how things are going to go, call your car loan company and get a little bit of a break now. It might give you the insurance that you need to make sure that you’re better next month or two months from now if this goes on longer than you think.”

Prioritize paying whatever bills you can

Listro says that “business is booming in credit repair,” but not for the reasons that you might expect. Spring is normally the busiest time for the credit-repair business, because that’s the time that people are looking for new homes. The coronavirus lockdown created a pent-up demand for new home buyers looking to quickly improve their credit.

Furthermore, Listro says that the stimulus checks and unemployment benefits have actually helped many people making minimum wage or who have a very low income, since the stimulus and unemployment benefits represent the highest percentage of their income. In this situation, the influx of cash may motivate them to get to work on improving their credit score. 

However, the way Listro sees it, credit repair is a luxury item. The first thing you should do is make sure you have enough money to pay your bills. If you have extra money after paying your bills and you’d like help building up your credit score, then you might seek assistance to help repair your credit.

Furthermore, some credit problems simply aren’t repairable. Listro doesn’t think that credit repair is right for everyone, and he doesn’t accept all of the potential clients who seek his services. “We’re not a solution to get out of debt,” he says. Listro also says that some cases are better suited to bankruptcy than credit repair.

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Kansans Named the 2020 National Leader in Identity Thefts



kansas breaks record identity theft featured image news

Recent statistics on identity theft reveal that identity theft reports doubled in 2020, with Kansas ranking first for the number of reports.

The increase in the number of reported identity theft cases is linked to the pandemic, as the majority of the reported cases concern unemployment benefits. The number of such cases in Kansas was higher than any other state: Over 38,000 Kansans had their identity stolen to submit fraudulent unemployment claims.

According to Amber Shultz, the acting secretary of the Kansas Department of Labor, these false unemployment claims exploded in numbers at the beginning of July – more than 35% of the applications were found to be fraudulent.

The department also stated that the trend was visible across the US and tried to combat it by implementing a three-day hold on claims and verifying each claim before approving it. However, with the number of claims exceeding 1 million, discerning which were legitimate was a challenging task. According to Attorney General Derek Schmidt, this has unfortunately caused a loss of millions of taxpayers’ money.

As the pandemic continues, identity theft is expected to remain a threat, so it is crucial to have some preventive measures set in place, from shredding important papers to setting stronger passwords on personal accounts. Relying on identity theft protection services is another good idea, as these can monitor the web for a specific set of data and keep individuals safe online.

However, for those who fear that their identity has been compromised, the recommended route is to inform the Federal Trade Commission and then place a fraud alert with any of the three credit bureaus. Informing financial institutions should be the next step. If repairing the identity theft damage is too time-consuming, there is the option of hiring one of the credit repair companies to handle the task.

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Credit Repair Services Market Research Report, Growth Trends and Competitive Analysis 2021-2027 – Clark County Blog




Based on the Region:

   • North America (USA, Canada and Mexico)
   • Europe (Germany, France, Great Britain, Russia and Italy)
   • Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
   • South America (Brazil, Argentina, Colombia, etc.)
   • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, and South Africa)

(Exclusive Offer: Flat 30% discount on this report)

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The Credit Repair Services market report has been segregated based on various categories such as product type, application, end-user, and region. Each segment is rated based on CAGR, share and growth potential. In the regional analysis, the report highlights the potential region that is expected to create opportunities in the Credit Repair Services market in the coming years. This segmented analysis will surely prove to be a useful tool for readers, stakeholders and market participants to get a complete picture of the Credit Repair Services market and its growth potential in the years to come.

Key Benefits of the Report:

  • Global, regional, country, product type, and application market size and their forecast from 2021-2028
  • Identification and detailed analysis on key market dynamics, such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • Detailed analysis on industry outlook with market-specific Porter’s Five Forces analysis, PESTLE analysis, and Value Chain, to better understand the market and build expansion strategies
  • Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
  • Analysis of key player’s strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market
  • Expert interviews and their insights on market shift, current, and future outlook, and factors impacting vendors short term and long term strategies
  • Detailed insights on emerging regions, product types, applications with qualitative and quantitative information and facts
  • Identification of the key patents filed in the field of Credit Repair Services 

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Some Points from TOC

Chapter 1 Market Overview

Chapter 2 Company Profiles

Chapter 3 Market Competition by Players

Chapter 4 Market Size Segment by Type

Chapter 5 Market Size Segment by Application

Chapter 6 North America by Country, Type, and Application

Chapter 7 Europe by country, type and application

Chapter 8 Asia Pacific by Region, Type, and Application

Chapter 9 South America by Country, Type and Application

Chapter 10 Middle East and Africa by Country, Type, and Application

Chapter 11 Research Findings and Conclusions

Chapter 12 Appendix

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Customization of the Report:

Please contact us if you would like more information about the report. If you have any special requirements and would like customization, please let us know. We will then offer the report as you wish.

How Reports Globe is different than other Market Research Providers:

The inception of Reports Globe has been backed by providing clients with a holistic view of market conditions and future possibilities/opportunities to reap maximum profits out of their businesses and assist in decision making. Our team of in-house analysts and consultants works tirelessly to understand your needs and suggest the best possible solutions to fulfill your research requirements.

Our team at Reports Globe follows a rigorous process of data validation, which allows us to publish reports from publishers with minimum or no deviations. Reports Globe collects, segregates, and publishes more than 500 reports annually that cater to products and services across numerous domains.

Contact us:

Mr. Mark Willams

Account Manager

US: +1-970-672-0390

Email: [email protected]


Sarkari Results, Thrive Market Research

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Dustin Aab on the power of working hard to achieve success



The more closely we look around us, the more we get nearer to reality where so many individuals work with a certain grit, commitment and dedication to achieve what their hearts desire.

These individuals are the ones that not only work to attain their set goals in their career but also help others in their journeys. Talking about the sales and consulting business, which is growing each passing day across nations as professionals from various industries aim to get nearer their visions and aspirations in business, we can notice the boom in this niche; thanks to professional entrepreneurs like Dustin Aab.

Based out of California, Dustin Aab is a leading American entrepreneur, who excels in sales and consulting and has been shaping the careers of hundreds of people through his astute skills and knowledge as a true professional in the industry. It was seven years ago that Dustin Aab had started his career in the sales arena and from the past six years owns his sales company, under which he is working with the mission to turn the desires and dreams of professionals into reality through his mentorship and coaching in sales.

Dustin Aab’s sales and consulting business is all about providing the best of the industry products and services that help individuals change their financial status and situation. His life has been full of challenges, but Dustin Aab very early had realized the power of working hard and putting in every possible effort to make a successful career; hence, after working so hard for years, he has been able to create the financial freedom he wanted by becoming an entrepreneur. He hopes to change as many lives as he can in his career and take people nearer to their definition of success. He does sales mentorship and consulting for not just individuals, but companies as well.

Some of the specific services he offers through his company include Real estate, amazon automation, sales training mentorship, credit repair, Instagram growth and branding, life insurance and solar.

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