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Take These Steps To Begin Fixing Your Credit Rating

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Your credit score dictates your financial future. While it might not seem like it impacts your life in a direct way, it will become apparent the moment you try to take out a mortgage or a loan for a high-priced purchase like a car. This is why it is very important to keep track of your rating and do whatever you can to get the number into a good place. Many people worry that credit repair is too long of a process to bother with. Though it is difficult, an improved score is completely attainable with time.

Look over these steps on how you can begin fixing your credit rating. With a bit of effort, you will start seeing a difference in your score.

Know Your Current Score

Before you can start making any changes to your rating, you need to have a good idea of what your current score is. The average consumer has a general idea of their rating, but most people do not like to look at their ratings out of fear of what they will see. If you have been holding yourself back from looking at your score, now is the time to change the game. Look at your score and report and get a more in-depth feel for what your rating is and what factors have led to this score.

You may look at your rating and discover that you have a decent score already. It is always a lot scarier to face the unknown and assume the worst. Put these fears to rest, check your score, and learn what work you will need to put in to make a change.

Keep Track of the Rating

While getting an initial understanding of your score is crucial for this process, you can’t just look at the rating once and forget about it. In fact, you need to stay on top of the rating if you hope to see improved results from all of your hard work. This means investing in a program or application that assists you with credit monitoring. A program like this will be able to provide you with updated information on your score so you know how your efforts are beginning to change your current rating.

Errors and Negative Marks

The big credit bureaus that control credit scores can be intimidating. Still, these organizations are far from perfect. Mistakes are made regularly and in many cases, the errors are never caught. If you are browsing your report and notice a negative mark that doesn’t seem to make any sense, you want to take the initiative to dispute it. Contacting the right bureau is a great way to get the ball rolling and discover if there are mistakes on your report that are holding you back from reaching your overall financial goals.

Though there is no guarantee you will win the disputes, you have better chances of fixing your score by reaching out and learning more about what marks are working against you. In most cases, simple errors from collection companies can be a lot easier to fix than other issues. No matter what problem you’re trying to dispute, understand that the process can take time and you might not hear back with a direct answer right away. 

Credit Card Considerations

Credit scores can be tricky because there are several conflicting and outlying factors that can confuse matters. For example, you need to have a credit card to create your first credit score. Without a card, you are thought to have no credit and this can be just as bad as having a negative score. What’s more, using your card too much or too little can be problematic for your rating. This means you need to strike the perfect balance with how and when you take advantage of your lines of credit. 

The agencies that determine your score are looking at the limits on each of your cards and how those weigh out against your monthly income. When you are putting too much on your credit line each month, it can start to have a negative impact on your score. If this is the case for you, the best solution is to pay off your credit cards as much as you can before you continue to use them. The lower the balance on each card, the better your score tends to be. 

Focus on High-Interest Issues

When you are dealing with a number of outstanding payments or bills from collections agencies at the same time, it can be difficult to know which of these problems demands your immediate attention. If you want to see the best results from your efforts, then you need to first look at any high-interest accounts you might have. When you owe on an account with a very high interest rate, it can add to your debt in a much more damaging way. Pay these off and it can make the other bills a bit more manageable.

Timely Payments

Another factor that determines your credit rating is whether or not you are paying your bills in a timely manner. When you are late by even a day or so on some credit card payments, it can have an extremely negative impact on your score. The best way to avoid this is by enrolling yourself in automatic debits whenever possible. This ensures payments are always made in an appropriate manner and reduces the odds of late payment fees and negative marks against your credit.

Stay Positive

Finally, you need to keep the right mindset while attacking this issue. Credit scores can often feel unfair and debilitating. While the system is not stacked in favor of the consumer, you need to stay strong and not crumble under the weight of the pressure. By focusing on what you can accomplish through small, manageable steps, you are more likely to start seeing the right results from all of your hard work and dedication to the cause.

Though it can seem like a long and arduous journey, credit repair is an achievable goal when you give yourself time to focus. Learn the best steps to making positive changes to your score and see how you can get ahead financially in no time.

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Erie Homecoming 2020 to take place virtually

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Erie Homecoming 2020: “Erie’s Economic Evolution” is happening this week.

Erie Homecoming is an event that shares the vision of where we are going as a business community and the specific projects that will be taking us there.

Yoselin Person was live outside of the Erie Regional Chamber to tell us more about what’s taking place at this year’s homecoming.

Get your favorite hot drink because Erie Homecoming is happening virtually. 

Rooms full of people just aren’t happening in the midst of a pandemic, so Erie Homecoming is an event that will inspire you from comfort of your home or office.

The purpose of homecoming is to give attendees the opportunity to learn how they can invest in the Erie community.

During this two day event, you will be able to learn how you can invest the time, talent and treasure in creating a more diverse and prosperous Erie community.

Erie’s Black Wall Street will be featured this year. It’s a nonprofit organization that’s known for improving black business.

“So, having it geared towards helping black businesses expand and spread their wings, I think that’s amazing,” said Alexandria Ellis, owner, She Vintage.

Ellis began her business six months ago. She says Erie Black Wall Street is a safe space where black entrepreneurs can connect and collaborate with others.

The organization also helps others with credit repair.

“They’ve helped me by connecting me with resources if someone is looking for a nail tech or a boutique that’s black owned, they have connected customers of their clients to me through their organization,” said Ellis.

Speakers from the black owned organization will speak about creating regional equity.

There will also be a discussion about Flagship Opportunity Zones and what it means in terms of tax and other investment incentives.

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RiverBend Growth Association announces new members | Business

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RiverBend Growth Association encourages use of face coverings

The RiverBend Growth Association announces its new members:

5 Diamond Campground

Brian Campbell and Matt Diamond

2 Fun Lane

Hartford IL 62048

(618) 254-1180

facebook.com/5-Diamond-Campground-103976501423687

Alton Pride Inc.

Jason Heeren, director of sponsorship

P.O. Box 662

Alton IL 62002

(618) 204-7420

https://altonpride.com

Alton Pride is a charitable and educational organization established to bring awareness, understanding, and advocacy to the LGBTQ+ community with an emphasis on the specific needs of the youth within the community. We are setting ourselves apart from other Pride organizations by focusing on giving back to our community, rather than hosting just a parade or festival. We will be depositing a majority of event proceeds into a structured account funding our goal to develop a local teen suicide prevention line and a teen resource center to help youth in need.

 

Imo’s Pizza – Bethalto

Lori Bromberg, president/treasurer and managing partner

515 N. Bellwood

Bethalto IL 62010

(618) 258-0011

www.imospizza.com

Bethalto Imo’s is owned by Charles and Barbara (Babs) Pelan. Barbara was a nurse and Charles has had a varied career but has always had an entrepreneurial spirit. He and Babs purchased the Bethalto Imo’s in 2013 and seeing the success of the brand and the store in Bethalto were anxious to purchase the Edwardsville Imo’s franchise in 2014.

Their daughter, Lori Bromberg, is the managing partner and provides leadership and daily oversight to the business. Lori has a bachelor of science degree in management and has 31-plus years in corporate leadership roles, including customer experience, supply chain, distribution strategy, change management, hr/talent management, training and safety. Lori also is a certified mentor for SCORE providing mentoring and coaching to small businesses.

While it is our goal to have a financially successful business, we believe the cornerstones to achieving success is ensuring a superior product and customer experience, investment in our employees, positive contributions to our community, while demonstrating a strong commitment to safety. We pride ourselves on our commitment to Imo’s corporate mission, “To maintain the Imo’s tradition of uncompromising quality, pride in Imo’s products, and passion for success and for customers to experience a genuine, original St. Louis pizza of the highest quality, served in a pleasant atmosphere or at home, so that they too will have reason to say: “Imo’s is my favorite pizza.”

If you frequent our Bethalto location, we will be moving down the street a little over a mile, still on 111, within the next month or so.  We will continue to have delivery and pick-up as well as offer new patio seating.

 

Lewis and Clark Community College Foundation Inc.

Mark Kratschmer, president

5800 Godfrey Road, ER 0210

Godfrey IL 62035

(618) 468-2010

www.lc.edu/About_the_Foundation/

The Lewis and Clark Community College Foundation is a nonprofit corporation organized under the laws of the state of Illinois. The foundation supports Lewis and Clark Community College and its students through scholarships, awards, and other assistance.

Piasa Body Art

Cody Hinkle, owner

560 E. Broadway

Alton IL 62002

(618) 462-1720

Alton’s best body art shop, offering tattoos and piercing services. Now with The Salon for all your hair care and barbering needs!

Prosper Credit Consultants

Jerheart Huntley, owner

525 Wyss Ave.

Alton IL 62002

(877) 503-7465

prospercreditconsultants.com

Credit repair that works! Prosper Credit Consultants uses the most innovative processes to make sure our clients are educated on how credit repair works! Prosper Credit Consultants is dedicated to educating our clients on how to get and keep good credit! We have become a one-stop shop for all things from credit repair, building credit for beginners, trade lines, putting our clients in position to purchase that new car, and home they want. Give us a call (877) 503-7465 or set up a free credit consultation.

The RiverBend Growth Association is the chamber of commerce and economic development organization for the 12 communities known as the Riverbend.  For more information about the Growth Association, visit www.growthassociation.com or call (618) 467-2280.

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RBGA notes 6 new members

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GODFREY — The RiverBend Growth Association is announcing six new members:

• 5 Diamond Campground, 2 Fun Lane, Hartford, with Brian Campbell and Matt Diamond. Call 618-254-1180 or visit facebook.com/5-Diamond-Campground-103976501423687.

• Alton Pride, Inc., Alton, with Jason Heeren, Director of Sponsorship. The charitable and educational organization established to bring awareness, understanding and advocacy to the LGBTQ+ community with an emphasis on the specific needs of the youth within the community. The group says it is setting itself apart from other Pride organizations by focusing on giving back to the community rather than just hosting a parade or festival. The group will be depositing a majority of event proceeds into structured account funding with the goal to develop a local teen suicide prevention line and a teen resource center to help youth in need. Call 618-204-7420 or visit https://altonpride.com.



• Imo’s Pizza, 515 N. Bellwood, Bethalto, with Lori Bromberg, President/Treasurer and Managing Partner. The Bethalto Imo’s is owned by Charles and Barbara (“Babs”) Pelan. They bought the Bethalto Imo’s in 2013 and the Edwardsville Imo’s franchise in 2014. Their daughter, Lori Bromberg, provides leadership and daily oversight to the business. She also is a certified mentor for SCORE aiding small businesses. Within the next month or so, the Bethalto Imo’s is moving to a new location on Illinois 111. Call 618-258-0011 or visit www.imospizza.com.



• Lewis & Clark Community College Foundation, Inc., at 5800 Godfrey Road, Godfrey, with Mark Kratschmer, President. The foundation is a non-profit corporation organized under the laws of Illinois. It supports Lewis and Clark Community College and its students through scholarships, awards and other assistance. Call 618-468-2010 or visit www.lc.edu/About_the_Foundation/.

• Piasa Body Art, 560 E. Broadway, Alton, with owner Cody Hinkle. It offers tattoos and piercing services, as well as a salon for hair care and barbering. Call 618-462-1720.

• Prosper Credit Consultants, 525 Wyss Ave., Alton, with owner Jerheart Huntley. The firm uses innovative processes to educate clients on how credit repair works. Call 877-503-7465 or visit prospercreditconsultants.com.


The RiverBend Growth Association is the Chamber of Commerce and economic development organization for the 12 communities known as the Riverbend. For more information about the Growth Association, please visit www.growthassociation.com or call 618-467-2280.

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