Credit Worthy

Last time I spoke about responsibilities, in banking, at a young age. Now for those that may have never taken the crash course on how to manage your banking and credit, this one’s for you…

Countless people have hurt their credit from a young age. You get your first credit card and buy all the new seasons collection at Macys or all the latest technology at Best Buy. Six months later you’re still a student barley getting buy with the McDonalds budget and too afraid to tell you parents that you need help paying those credit cards that they told you in the first place not to get. Two years later the resposible you comes out, scared but detremined to fix the damage.

Have no fear the banks are actually their to help. If you sit with the right banker, the bank can be a pool of information on what went wrong and how to fix it. There are many tools out there that you can get from a bank instead of some strange credit reporting agency you may not be too sure about.

I strongly recommend that your first step should be to get a clear understanding of what your credit report looks like and how it may be affected. Several banking institutions offer Identity Theft Protection services for a monthly fee that includes credit monitoring and tools to fix credit issues. Once you know what is going on make sure you correct it, the worst I see are small medical bills that you just forgot but are still laying around. After you’ve paid that debt contact the three major credit bureaus(Equifax, Experian, TransUnion) to let them know its been fixed. Lastly keep monitoring your credit report on a regular basis and report any inconsistencies.

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