Best Credit Repair Companies 2021Do you know how important your credit score is? Some people think that a credit score only matters when trying to buy a home. This is not the case. Car insurance, payments on loans, and even apartment leasing are all processes that are closely influenced by your credit score. Let’s look at some realistic numbers. With a credit score of 300 or lower, most apartments will reject your application automatically. With a credit score between 300 and 600, they might require you to pay $500 or more in additional security deposit cash just to secure the apartment. Don’t even think about buying a home and securing a solid mortgage with a credit score below 500.
Another myth associated with the credit score is that it can never be repaired. It is true that using a credit card inappropriately or failing to pay your mortgage can do long-term damage to your credit score. And fixing a credit score isn’t easy; it often takes months before you’re able to boast a somewhat acceptable credit score of any kind. However, fixing your credit score is definitely possible. One popular natural strategy to improve your credit score involves “piggy-backing” on the good credit of a trusted friend or a family member.
When you “piggyback,” you’re actually just being authorized as a user of a reputable credit user’s account. You never need to actually spend their money. The goal is just to allow their on-time payments to count toward your credit score. This trick has been used for decades by people hoping to improve their credit scores considerably. And the strategy works, too! If you stay on the account of a good credit user for six months or more, you’ll start to be evaluated as if you’ve made all of those large on-time payments yourself!
But not everyone has a rich friend who they can piggyback off of. For the majority of us, just trying to make our own payments on time is hard enough work. Forget about trying to find a family member who trusts you enough to add you as an authorized user on their credit account! For these folks, credit repair services might be a fantastic opportunity. Credit repair companies work to help you improve your credit score within a matter of weeks. Most of these services function by challenging inaccurate credit data.
Credit seems complicated, but credit scores are actually relatively simple to understand. Whenever you do anything that involves credit, this data is reported to several agencies across the country that keep track of the information. When you apply for a credit card, mortgage, or lease, this data is reported to the person you’re ‘borrowing’ money from.
Credit repair services comb through this reported data, finding areas to challenge it. This can drastically improve your credit score; human error can often result in people being given lower credit scores than they have actually earned. Today, we’ve compiled a stunning list of some of the top credit repair companies in the industry.
How We Ranked the Best Credit Repair Companies
When our editors sat down to review the top credit repair companies of 2021, we kept several things in mind. While most credit repair companies are legitimate and regularly audited by regulatory authorities for compliance and accuracy, there are a number of scams in the credit repair industry. To address this problem, we created a list of qualifiers to try to help us as we decide on the best credit repair services available in 2021.
Our editors employed the following main metrics to determine the strength of a given credit repair service on our list:
Credit repair companies use a number of different potential methods to help improve the credit scores of their clients. One popular method involves challenging inaccurate or outright incorrect information on your credit reports. This is a simple process, and you can actually just do it on your own. The best companies on our list went above and beyond this simple process by removing the data from your report. This is easier said than done; it involves not only challenging the incorrect information but successfully petitioning to get it removed from the major credit bureaus.
We always like to say that value and price are two separate things. The price of a service might be low, but it could be a fantastic value if it provides exceptional bang for your buck. Some people have thousands of dollars in cash to throw at their credit problem, but most of us are working on a budget. We took both value and basic cost into account while compiling our rankings for the top credit repair services in the country.
At the end of the day, this is what you’re here for. We looked toward a company’s reviews, claims, and credit repair effectiveness to determine whether or not they are actually able to improve your credit score over time.
Transparency and Reputation
Companies in this sector always claim that they can improve your credit score in just a matter of weeks. For most companies, this is simply not feasible. While minor improvements can be noticed within a few weeks, serious improvement (200+ points) to a low credit score might take far longer. We recommend that consumers stick with companies that are both honest and transparent about the benefits they can provide users.
Actual Credit Repair
This is an important point for anyone looking to understand how credit score improvement works. Some companies in the credit repair sector claim to improve credit scores, but actually only offer credit monitoring. At the end of the day, this doesn’t do much at all for those of us who already know we have bad credit. For our list, we looked only for companies that actually take verifiable steps to improve the credit scores of consumers.
Experience isn’t everything, but it certainly helps out. We like to work primarily with companies with 10+ years of experience in the industry. Newer companies sometimes make it onto our lists, but only when they come highly recommended by third-party watchdogs and consumer reviewers.
Not every company we find in the credit repair industry offers a satisfaction guarantee, but most certainly do. We always prefer to do business with companies that are confident enough in their abilities to offer a money-back guarantee.
It’s 2021. We get it. You aren’t interested in spending hours learning a complicated website layout just to get updates on your credit repair service’s progress. We looked for companies with an easy-to-use and simple interface that nearly any consumer can pick up and understand easily.
Why Repair your Credit Score?
For most folks, this is an easy question to answer. You might have your eye on an apartment that requires a higher credit score than you currently possess. Maybe you want a fancy new credit card with a higher spending limit. Or maybe you’re finally planning on getting a mortgage and settling into a forever home.
But there are also incredible benefits to having a higher credit score that most people don’t even know about! Do you know that having a higher credit score improves your chances of having a happy marriage? Did you know that it can lower your cell phone rates, improve confidence, and lower the premiums you pay on homeowners insurance?
Learn more about some of the top reasons to improve your credit score below.
A better credit score can directly influence your confidence. In the United States at least, a high credit score is considered indicative of a healthy financial life. Walk with more confidence in your step by improving your credit score. People with low credit scores constantly walk past things that they simply cannot afford; improving your credit score takes this nasty feeling out of the equation.
Lower Security Deposits
Most people with high credit scores don’t actually have to pay a security deposit at all on their utilities. In some parts of the country, this can save you anywhere from $250 to $500 each time you switch providers. When it comes to apartments, people with low credit scores can pay up to one thousand dollars on additional security deposits. Improve your credit score, and you won’t have to worry about finding this extra cash at all.
Easier Rental Approval
You probably already know about this important benefit. Credit scores will instantly ruin your chances of renting a new apartment. In fact, low credit scores or bad credit history is the quickest and easiest way to get rejected from a new apartment. A perfect credit score? Forget about it; you’ll be moving in in a week!
This benefit of a higher credit score can impact nearly any part of your life. If you’re renting a new apartment, buying a home, or even just purchasing a new car, a high credit score improves your negotiating power when it comes time to haggle on a price. No one wants to be in the position of someone looking for a loan with a low credit score.
Better Marriage Odds
This is a strange benefit, but a true one nonetheless. Market Watch finds that over 50% of Americans said that they’d never marry someone who had a large amount of debt. In fact, some men and women actually say that they might be willing to run a credit report on someone before getting more serious with them. You read that right: a bad credit score can actually keep you from finding the love of your life.
Lower Cell Rates
Some people don’t realize that cell phone rates are directly related to the credit score of clients. If you have a higher credit score, you’ll get better rates to pay on your cell phone plans. Want the new iPhone without having to pay a hefty bit of interest on your monthly payments? Time to get cracking on improving that credit score.
Our Rankings of the Best Credit Repair Companies of 2021
We worked tirelessly to put together this list of the best credit repair services available to the average consumer in 2021. We searched far and wide to come up with this list, and we used a knockout list of some of the most important considerations in the market in order to decide which companies did (and didn’t) make the cut.
Here are our picks for the best credit repair companies in 2021.
Credit Saint makes some pretty bold claims about their place in the credit repair industry. For example, their official website actually claims that they are the top company in the sector when it comes to challenging incorrect credit score data. This might not be entirely true, but the evidence we found suggests that the company certainly does come with a pretty solid reputation in the credit repair sector.
We were especially impressed with Credit Saint’s ability to provide a free consultation. This means that you can sit down with one of their specialists at no cost and see how the company might help you with your particular credit score problems. We also love their 90-day money-back promise. Within 90 days, you can request a complete refund of their service for just about any reason. This shows that the company absolutely has faith in its abilities.
The company also uses a variety of educational materials to help consumers improve their understanding of how the wild world of credit scores works. These free services go above and beyond the traditional offerings of the average credit repair company, which is one reason Credit Saint impressed our editors so much upon initial valuation.
If you’re looking for an established company with extensive experience in the industry, Lexington Law might be the credit repair company for you. Like we said in our introduction, the organization has over 20 years of experience in improving the credit scores of people all over the country. They know that repairing credit is not an instant process. Time, legal action, and effort are all components of a solid credit repair strategy.
Interestingly enough, we know that Lexington Law has an actual law firm backing its credit score repair offerings. This is relatively unique in the credit repair industry, and it gives them major points in our book. The law firm primarily works to challenge inaccuracies in your credit report. That’s right; you have actual lawyers fighting to remove inaccurate information in order to improve your credit score.
If you’re looking for a quick fix to your credit problem, Lexington law isn’t the company for you. They seem to realize that genuine improvement of your credit score is a difficult, oftentimes lengthy process. Because of this, they’ve won what might be the most positive reputation in the industry. They claim to have worked with customers to remove over 70 million pieces of inaccurate information. While they’re a bit pricey, we always recommend Lexington Law for their resources, accuracy, and results.
Sky Blue Credit
Sky Blue Credit is easily one of the oldest operators in the credit repair industry. They have been working with consumers to improve credit scores since 1989, making them over thirty-one years old. Their reputation is unparalleled, and the company offers a reasonable fee of just $79 each month. They also offer a six-day trial, which is pretty solid for a credit repair company. Their process includes a combination of dispute resolution, professional analysis, and custom dispute resolution processes that are tailored to your specific credit issues.
Sky Blue Credit has long been one of the top-rated credit repair services, according to third-party watchdogs and reviewing consumers alike. There’s a reason they made it to the top of our list today. Sky Blue Credit provides their consumers with a number of tools and additional perks to help you live a life of better credit and higher financial stability.
Aside from Equifax and Experian, TransUnion is considered one of the country’s main credit bureaus. In addition to being one of the reporting entities in the industry, TransUnion is unique because it offers a list of actual credit repair services. They specialize in credit tracking and protection, and they also help people to improve their credit scores. The services start at just $25 per month, making TransUnion one of the best options for people who are working with a small budget.
CreditCompass is just one of the services offered to consumers subscribing to TransUnion’s credit repair service for just $25 a month. This service, along with Credit Lock Plus, provides a combination of monitoring and credit repair that’s tough to match for its price. One major cause of low credit scores is a fraud; someone who steals money from your account and makes big purchases is doing more than taking your cash. Fraud can also hurt your credit score, and TransUnion works to address and prevent fraud in the first place.
Subscribing to this service also guarantees you one million dollars in identity theft insurance. TransUnion is one of the most versatile credit repair companies in the industry, which is one reason it makes an appearance on our ranked list.
Let’s face the facts: this is the easiest company to remember on this whole list. Aside from a very simple name, CreditRepair.com has quickly become the favorite of millions of people looking to improve their credit scores. The company is relatively new, having only cropped up in 2012. In just nine short years, they claim to have helped over 1.8 million inaccuracies get removed for credit-using consumers. Sounds pretty good, right?
Their process is also pretty simple. The company uses its resources to scan your credit account for inaccuracies or errors, and then they challenge lenders to verify whether or not these entries on your credit report are actually accurate. Many times, the entities responsible can’t actually provide the documentation necessary to dock your account. The errors are then removed, providing you with a significant credit boost.
In just 2019, the company sent requests for over 19 million items to be removed from major credit tracking companies. They seem to be one of the most significant companies in the industry, and CreditRepair.com offers multiple payment plans to allow you to choose and tailor your approach to improving your credit.
The Credit Watcher
The main purpose of this company is as a credit monitoring service. We always like to see companies that do both monitoring and actual credit repair. But there’s also a place for organizations that provide up-to-date credit monitoring and protection. The conscious consumer should know that good credit isn’t just about securing a good score; it’s about preventing erroneous errors from wreaking havoc on your existing score.
The Credit Wacher provides consistent updates on your credit score, and they even give you access to a number of credit monitoring and credit account securing services. At a cost of $39.90 per month, they’re also cheaper than many of the other credit monitoring options on our list. The Credit Watcher is best for people who already have a pretty solid credit score, but who want to improve it where they can by quickly spotting errors before they become bigger problems.
Credit Monkey provides a great deal of versatility in their service, which is one big reason why they made it onto our updated list of the best credit repair services in the country in 2021. The company offers several different options, including plans priced from $99 per month to $500 per month. Credit Monkey claims that over 85% of credit reports are laden with serious mistakes and errors. Spotting these errors and addressing them is one of the main purposes of credit repair companies, and Credit Monkey is no exception.
Credit Monkey offers five negative item removals a month for $99 each month. This is unique; most companies don’t make promises that involve actual numbers like this. We’re a big fan of this transparency. For $499, the organization extends a credit line of $10,000, an unlimited number of negative item removals, along with a long list of additional perks.
Credit Monkey’s highest-end option is one of the most comprehensive and generous credit plans in the industry, earning it a sure spot on our list of the top credit repair services available.
If you’ve researched credit repair for even a minute, you’ll already know what Credit Karma is. The company has a tremendous online and advertising presence, but that isn’t the only reason they earned a spot on our ranked list of the top credit repair companies in 2021. Credit Karma is actually a free service, making it one of the only completely free services on our list. They offer a long list of different credit repair services, some of which are also completely free.
The site provides you with updated information on your credit score. This can serve as a spectacular “jumping off” point for people who want to improve their credit scores. By spotting the inaccurate or sketchy information being included on your credit score, you can quickly figure out where you need to start poking holes and making challenges to top credit bureaus. They also offer credit cards, new credit accounts, and loan opportunities to eligible people based on their credit score information.
We recommend trying Credit Karma as a completely free service first. People with low credit scores should avoid trying new credit cards, as such behavior can further put you in the hole with a lower score or greater credit card debt. But as a credit score monitoring service, the free Credit Karma is a fantastic option for consumers on a budget.
There is a reason we put Credit Sesame and Credit Karma right next to one another on our list. Like Credit Karma, this company offers completely free credit monitoring and management. You can use the convenient Credit Sesame app to review, challenge, and monitor information relating to your credit. The company definitely turns a profit; they get a small cut out of offers, such as credit cards and bank accounts, that they provide to you on their app. But as long as you don’t accept any of these offers, you don’t have to pay a dime!
We always love to see free credit monitoring services. After all, why should you have to pay to see information about your own credit history? Credit Sesame gains major points for its ease of use; the company offers extensive credit monitoring on an easy-to-use app interface. Put more simply: you can know everything you need to learn about your credit history using one simple iPhone application with the free Credit Sesame.
FICO is a company that works to consolidate and deliver information from the free major credit bureaus. This puts them in an excellent position to help improve your credit score; they’re working from the inside of the industry you’re trying to audit! MyFICO offers a cheap subscription plan; it only costs $29.95 per month for their most advanced credit monitoring program. MyFICO also offers credit repair, giving you the opportunity to evaluate and modify the information used to determine your FICO score.
We put MyFICO on this list for a few reasons, but the main reason is that the company allows you to improve what very well might be the most important credit number in your life. Every lender you have uses the FICO score to determine your rates, eligibility, and security deposits. In other words, MyFICO provides you information directly from the source. In a sense, you will get to see exactly what lenders see before you submit a single application.
Like other companies on our list, MyFICO’s subscription service provides you with $1 million in ID theft insurance, as well as an identity restoring service and continuing monitoring of your credit score. The advanced plan gives you an update on your credit score once every three months.
The Credit People
This is a company that has put significant work into providing consumers with the numbers they need to make an informed decision about improving their credit scores. The Credit People claims that folks can improve their credit scores by around 53 points or more when using The Credit People. Online reviews seem to back this claim; Consumer Affairs gives them a pretty high aggregate score, suggesting that The Credit People can provide consumers with significant credit improvements in a reasonable amount of time.
The Credit People shows you all information relevant to your credit score, including reports from all three of the major credit reporting bureaus. They guarantee that consumers will see observable results in sixty days or less, making it one of the quickest companies in the industry to provide verifiable results concerning your credit score. The credit repair service starts at a low price of only $19, making it easily one of the top companies in the credit repair sector.
We highly recommend giving The Credit People a shot. Especially when you combine this company’s services with one of the free services above, such as Credit Karma, improving your credit score over time becomes a piece of cake.
Curadebt helps people overcome credit, medical, and tax debt. The company has been around for a while, providing its services since 2000. They also provide a new service that helps you determine how much money you will save with them. You can use this service without any cost, making it much easier for the savvy consumer on a budget to determine whether or not CuraDebt will be right for them. The company behind CuraDebt famously claims that its staff has a combined 100 years of tax debt, resolution, and defense experience. Talk about an experienced team of professionals to have on your side!
CuraDebt is one of the more unique companies on our list because they are not actually affiliated with the credit bureau industry itself. CuraDebt, as the name suggests, specifically works to address the various kinds of debt that hurt people and their credit scores. Almost anyone who knows anything about credit scores will tell you that the quickest way to improve your credit is to get rid of debt.
Using industry expertise and developed legal infrastructure, CuraDebt works directly with you to help address your debt. They have helped people save millions of dollars while improving their credit scores in the process.
Leap Credit is another unique company on our list. Like CuraDebt, they don’t actually work directly to improve your credit score. In fact, some consumers might do the exact opposite. Leap Credit actually offers people credit. All you need to be approved is a checking account, U.S. citizenship, and an existing checking account. They will approve almost anyone for a loan.
We know that some people with low credit need access to loan money that traditional lenders just cannot provide them, which is why we included Leap Credit on our list today. However, keep in mind that Leap Credit might require higher interest rates than traditional lenders, as they are working primarily with people who have low credit scores. We advise caution; it’s best to improve your credit score before borrowing more money from any lender.
Although the name suggests that their service is as free as Credit Karma, FreeScore360 actually usually does charge a subscription fee to consumers. Their prices are reasonable; only $29.95 per month gets you their best services. They also offer a seven-day free trial, which once again suggests that the company has at least some degree of faith in the strength of their credit monitoring product. They will continue to charge you after your free trial if you fail to cancel in time, so be sure to keep this in mind.
Their credit score system provides you with daily updates and alerts on your credit scores. This is unique; most companies provide 1-3 month notices when your credit score changes. Having access to daily reports and updates can seriously help someone who is trying to alter their credit score for the better, which is why we put FreeScore360 on today’s rankings of the top credit repair companies in the industry.
FreeScore360 is a newer company, and they certainly don’t have the reputation offered by companies in a similar niche on our list. We certainly don’t think that FreeScore360 is a scam. For millions of people struggling to have a solid grasp of the state of their credit, the simple user interface and reasonable pricing of FreeScore360 can be an invaluable tool. But as always, we advise consumers to tend toward some of the most established companies on our list. However, those who have the extra funds to spare should consider giving FreeScore360 a shot today.
Frequently Asked Questions About Credit Repair
Credit repair is a complicated process. For that matter, credit, in general, can be difficult to understand. Surveys repeatedly show that the average American doesn’t really understand how credit works. Despite this surprising fact, credit scores are an essential part of our society, and a low score will impact just about every aspect of your life. Read on to learn the answers to some of the most commonly asked questions about credit and credit repair companies.
Q: What is my credit score?
A: Your credit score can be any number between 300 and 850. The higher the number, the better your score is. Put simply, a credit score is a composite meant to represent how good you are at paying debts that you owe. Whenever you take out a loan, rent an apartment, or even buy a car, your payment timeliness and accuracy will impact your credit score.
Q: What impacts my credit score?
A: Anything that involves credit will impact your credit score. Generally, only bigger examples of credit mess-ups make it onto your report, but sometimes even small purchases on credit or debt can impact your score. For example, some people might be losing credit score points because they failed to return a library book they borrowed years ago! The most common contributors to a low credit score are mortgages, car payments, and credit card payments.
Q: Can credit scores be improved?
A: Yes! Some people get overwhelmed by credit and conclude that nothing can help them. This could not be further from the truth. In reality, a number of tools can help you improve your credit score. Like a heartbreak, the best remedy for a low credit score is simply time. Paying your bills on time for many months in a row will naturally raise a credit score. But sometimes credit bureaus and lenders make mistakes, which can hurt your credit score. Working with a credit repair company can address these mistakes to improve your credit score.
Q: Is a credit score the same as a credit report?
A: No. A credit score just refers to the three digits used to represent your creditworthiness and history. A credit report is much more in-depth and detailed. You can get your credit score for free, but you might have to spend some cash to evaluate your full credit report. Credit repair companies almost always allow you to review credit reports from the three major credit bureaus. Understanding the specific bits of data that underpin your credit score is the first step you should take to improve your score.
Top credit repair services in 2021 Final Thoughts
We hope you enjoyed reading our list of the top credit repair services in 2021. The credit industry is complicated, and your credit score is extremely important. As we explained, your credit score isn’t just a random number that controls which apartments you can rent. Improving your credit score can help you get better cell phone rates, lower the premiums and security deposits you pay on utilities, and even help you improve your chances of finding love!
As always, you’re ultimately the only one responsible for your financial choices. Do your own research before working with any credit monitoring or credit repair service. Good luck!
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When you hear the name Sallie Mae, you probably think of student loans. There’s a good reason for that; Sallie Mae has a long history, during which time it has provided both federal and private student loans.
However, as of 2014, all of Sallie Mae’s student loans are private, and its federal loans have been sold to another servicer. Here’s what to know if you have a Sallie Mae loan or are considering taking one out.
What is Sallie Mae?
Sallie Mae is a company that currently offers private student loans. But it has taken a few forms over the years.
In 1972, Congress first created the Student Loan Marketing Association (SLMA) as a private, for-profit corporation. Congress gave SLMA, commonly called “Sallie Mae,” the status of a government-sponsored enterprise (GSE) to support the company in its mission to provide stability and liquidity to the student loan market as a warehouse for student loans.
However, in 2004, the structure and purpose of the company began to change. SLMA dissolved in late December of that year, and the SLM Corporation, or “Sallie Mae,” was formed in its place as a fully private-sector company without GSE status.
In 2014, the company underwent another big adjustment when Sallie Mae split to form Navient and Sallie Mae. Navient is a federal student loan servicer that manages existing student loan accounts. Meanwhile, Sallie Mae continues to offer private student loans and other financial products to consumers. If you took out a student loan with Sallie Mae prior to 2014, there’s a chance that it was a federal student loan under the now-defunct Federal Family Education Loan Program (FFELP).
At present, Sallie Mae owns 1.4 percent of student loans in the United States. In addition to private student loans, the bank also offers credit cards, personal loans and savings accounts to its customers, many of whom are college students.
What is the difference between private and federal student loans?
With federal student loans, you typically do not need a co-signer or even a credit check. The loans also come with numerous benefits, such as the ability to adjust your repayment plan based on your income. You may also be able to pause payments with a forbearance or deferment and perhaps even qualify for some level of student loan forgiveness.
On the negative side, most federal student loans feature borrowing limits, so you might need to find supplemental funding or scholarships if your educational costs exceed federal loan maximums.
Private student loans are educational loans you can access from private lenders, such as banks, credit unions and online lenders. On the plus side, private student loans often feature higher loan amounts than you can access through federal funding. And if you or your co-signer has excellent credit, you may be able to secure a competitive interest rate as well.
As for drawbacks, private student loans don’t offer the valuable benefits that federal student borrowers can enjoy. You may also face higher interest rates or have a harder time qualifying for financing if you have bad credit.
Are Sallie Mae loans better than federal student loans?
In general, federal loans are the best first choice for student borrowers. Federal student loans offer numerous benefits that private loans do not. You’ll generally want to complete the Free Application for Federal Student Aid (FAFSA) and review federal funding options before applying for any type of private student loan — Sallie Mae loans included.
However, private student loans, like those offered by Sallie Mae, do have their place. In some cases, federal student aid, grants, scholarships, work-study programs and savings might not be enough to cover educational expenses. In these situations, private student loans may provide you with another way to pay for college.
If you do need to take out private student loans, Sallie Mae is a lender worth considering. It offers loans for a variety of needs, including undergrad, MBA school, medical school, dental school and law school. Its loans also feature 100 percent coverage, so you can find funding for all of your certified school expenses.
With that said, it’s always best to compare a few lenders before committing. All lenders evaluate income and credit score differently, so it’s possible that another lender could give you lower interest rates or more favorable terms.
The bottom line
Sallie Mae may be a good choice if you’re in the market for private student loans and other financial products. Just be sure to do your research upfront, as you should before you take out any form of financing. Comparing multiple offers always gives you the best chance of saving money.
Wealth manager, Harry Abrahamsen, has five simple ways to stay on top of the big financial picture.
PORTLAND, Maine — Keeping track of our financial stability is something we can all do, whether we have IRAs or 401ks or just a checking account. Harry J. Abrahamsen is the Founder of Abrahamsen Financial Group. He works with clients to create and grow their own wealth. Abrahamsen shares five financial tips, starting with knowing what you have.
1. Analyze Your Finances Quarterly or Biannually
You want to make sure that your long-term strategy is congruent with your short-term strategy. If the short-term is not working out, you may need to adjust what you are doing to make sure your outcome produces the desired results you are looking to accomplish. It is just like setting sail on a voyage across the Atlantic Ocean. You know where you want to go and plot your course, but there are many factors that need to be considered to actually get you across and across safely. Your finances behave the exact same way. Check your current situation and make sure you are taking into consideration all of the various wealth-eroding factors that can take you completely off course.
With interest rates very low, now might be a good time to consider refinancing student loans or mortgages, or consolidating credit card debt. However, do so only if you need to or if you can create a positive cash flow. To ensure that you are saving the most by doing so, you must look at current payments, excluding taxes and insurance costs. This way you can do an apples-to-apples comparison.
The most important things to look for when reviewing your credit report is accuracy. Make sure the reporting agencies are reporting things actuary. If it doesn’t appear to be reporting correct and accurate information, you should consult with a reputable credit repair company to help you fix the incorrect information.
4. Savings and Retirement Accounts
The most important thing to consider when reviewing your savings and retirement accounts is to make sure the strategies match your short-term and long-term investment objectives. All too often people end up making decisions one at a time, at different times in their lives, with different people, under different circumstances. Having a sound strategy in place will allow you to view your finances with a macro-economic lens vs a micro-economic view. Stay the course and adjust accordingly from a risk and tax standpoint.
A great tip for lowering utility bills or car insurance premiums: Simply ask! There may be things you are not aware of that could save you hundreds of dollars every month. You just need to call all of the companies that you do business with to find out about cost-cutting strategies.
Sana pwedeng mabura ang bad credit history as quickly and easily as paying off your utility bills, ‘no? Unfortunately, it takes time. And bago mo pa maayos ang bad credit mo, more often than not, kailangan mo na namang mag-avail ng panibagong loan.
Good thing you can still get a loan even with bad credit, kahit na medyo limited ang options. How do you get a loan if you have bad credit? Alamin sa short guide na ito.