{"id":356272,"date":"2021-07-27T07:00:00","date_gmt":"2021-07-27T13:00:00","guid":{"rendered":"https:\/\/www.creditrepair.com\/blog\/?p=356272"},"modified":"2022-03-29T20:02:58","modified_gmt":"2022-03-30T02:02:58","slug":"best-credit-resolutions-for-2019","status":"publish","type":"post","link":"https:\/\/www.creditrepair.com\/blog\/finance\/best-credit-resolutions-for-2019\/","title":{"rendered":"Best Credit Resolutions for 2021"},"content":{"rendered":"\n
\"credit<\/figure>\n\n\n\n

The start of a new year doesn’t wipe slates clean,\nbut it’s a perfect opportunity to forge a new path and become a better version\nof yourself. One of the best resolutions is to improve credit and get your\npersonal finances in order. Money is a huge stressor for most people. <\/p>\n\n\n\n

Setting long term and short term financial goals\ncan help you better your finances and possibly save more money.<\/p>\n\n\n\n

Anyone can set credit resolutions whether they are in debt, living paycheck-to-paycheck or living comfortably. Here are the best credit resolutions you can make for 2021. <\/p>\n\n\n\n

Pay Down Your Credit\nCard Balances <\/strong><\/h2>\n\n\n\n
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This is one resolution that you don’t need to make\nagain. If you make a plan to pay down your credit card debt, then odds are it\nwon\u2019t be an issue the following year. There are many benefits to paying down\nyour credit card balances. <\/p>\n\n\n\n

You will pay less interest which will save you\nmoney, lower or eliminate debt and improve your credit score<\/a>. To\nsave even more money, you can transfer your balance to a zero-interest credit\ncard if you can qualify for one. <\/p>\n\n\n\n

Be Selective when\nApplying for New Credit <\/strong><\/h2>\n\n\n\n

Applying for new credit isn’t a decision that should\nbe taken lightly. New credit cards are constantly being introduced that come\nwith enticing promotional offers. When applying for new credit, one of the most\nimportant questions to ask yourself is if it will meet any particular financial\nneeds. <\/p>\n\n\n\n

Applying for new credit affects your credit score. Every\ntime you apply, a hard inquiry shows up on your credit report and shaves a few\npoints off your credit score. You shouldn\u2019t get a new card if you know you\u2019ll\nend up maxing it out. Don\u2019t apply for a loan unless you need to and are sure\nyou can handle the monthly payments.<\/p>\n\n\n\n

Review Your Credit\nReports <\/strong><\/h2>\n\n\n\n

One thing that can hurt you is not paying attention\nto your credit reports. A credit report is a document that shows your credit\nhistory, including open and closed accounts, whether you\u2019ve been late or on\ntime making payments, and other personal information. It is an important aspect\nof your finances.<\/p>\n\n\n\n

When you look over your credit report, you’ll be\nable to notice if there are any errors. Errors can have a negative impact on your\ncredit and you\u2019ll want to resolve them as soon as possible. Errors include:<\/p>\n\n\n\n

  • Accounts\nbeing reported twice<\/li>
  • Former\nspouse’s debt shows up on your report <\/li>
  • Unknown\naccounts and debts being reported <\/li>
  • Clerical\nerrors from a hand-written application <\/li>
  • Closed\naccounts that are still reported as open <\/li>
  • The\npayment history is inaccurate such as reporting a payment missed if it wasn\u2019t <\/li>
  • Outdated\ninformation <\/li><\/ul>\n\n\n\n

    If you find errors on your credit reports, you can contact\nthe credit bureaus to challenge them. Or, you can use credit repair\nservices<\/a> to help you. <\/p>\n\n\n\n