A credit score is a number that shows how likely you are to repay your debts. A credit report shows the factors that led to your score (credit accounts, credit cards, loans, credit limits, account balances and payment history). Are you worried about your credit score after 2020? Well, we have some tips and information on how to get a better credit score in 2021.
Benefits of a Good Credit Score
You may or may not know that when your credit score is good, you have better interest rates, better/faster chance of approval for a loan, higher credit limits, better car insurance rates, easier approval for rental property, and you can even avoid security deposits on utilities.
Avoiding credit after a financial crisis is not the answer. In fact, you need to reestablish your credit to show the credit-scoring bureaus that you have changed how you manage your finances and are currently managing your credit in a responsible manner.
So, What Can You Do?
There are 5 simple steps you can take to improve your credit as a start. However, there are other options to reduce or eliminate your debt completely. We recommend that you call to make an appointment for a free consultation. We can help you find the best option for your current situation.
Need More Information?
At the Law Office of Daniela Romero, we believe in relationships that are based on trust. Before we work together, we would like to get to know you and we would like you to get to know us. We want you to be sure you are the right fit for us and that we are the perfect fit for you. This will allow you to be completely comfortable sharing intimate and difficult details of your case, so we can offer you representation to the fullest extent of the law. Call us today to set up a free consultation.