Days 7 and 8 ~

Get familiar with your credit report.

Pull your credit and continue to monitor twice a year.

To start on the right path you must understand where you currently are. Your credit score is a huge factor in your financial strength. The better your credit, the more you save. A credit score under 600 can cost you upwards of $ a year in additional interest rates.

We don’t want you to close out all of your credit cards. In fact, your available credit line is part of the formula that determines your credit score. For example, if you have a credit line totaling $20,000 with three credit cards but have outstanding debt of $15,000, you are left with only $5,000 un-utilized credit. This lack of available credit will bring your credit score down.

If you are concerned that your credit score is affecting your ability to be financially strong, Lexington Law services might be able to help. They are a credit score repair company that provides a monthly fee service to help fix any dings on your report. Their services aren’t for everyone so please do your research and ask questions to ensure it is the right fit for you and your situation.

Stay tuned for days 9 and 10 of this financial fitness routine by liking us on Facebook, following us on Twitter, or simply visiting our blog. Remember, if you are in need of some extra cash while you’re on this financial fitness journey, you can always apply now to see what you qualify for. Get money strong with LendingPoint.

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