Remember the Vital Components

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Discipline. Dedication. Commitment. The image above is a visual reminder of how to realise your successful financial journey. Notice how the three runners are working, both, in unison and in unity. Each runner, each component, is important to your success. Consider them as running a marathon for your financial freedom. They are running for you! You cannot have discipline and dedication, but not be committed. You cannot be dedicated, but lack the discipline., and so on. All components work hand in hand. All components work together. If you use them faithfully, they will serve your financial needs abundantly, and they will get you across the financial finish line that you’re envisioning.

As your credit rehabilitation journey continues, you must keep the three vital components running at a steady pace so that you don’t lose focus. We have all heard it said, slow and steady wins the race. Even if you have hit the target and your score is where you want it, it is vital to keep these three components active and integral to your journey. Remember this is a journey not a destination. Maintain the discipline that got you where you wanted to go, Remain dedicated to the goal, and continually commit to the process. Like in running a marathon, there are some turns in the road that may prevent you from seeing the finish line while you’re running, but keep going, keep pushing and you will reach your goal.

Once we get a strong grip on these vital components, the journey will become much more simple and financial rehabilitation will not just be an idea but it can and will become a reality.

Hitting Your Target Credit Score

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Rehabilitation.Credit has enriched my life beyond words!! This rehabilitation program will teach you how to live the life God has designed for you!!

Subscribe to rehabilitation.credit so that you can be empowered to reach your credit destination.

(Margaret B. New York).

Hitting Your Target Credit Score

 

 

Hitting Your Target Credit Score

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You did it! You made the decision to build your credit and to take control of your financial freedom!

With that firm decision in mind, let’s talk about reaching the score that you desire. The reality is, with the tools we will provide here, you can reach your desired target.

Though it may seem like hitting a target of 850 is unreachable, it’s not when the vital components are active.  In previous blogs, we talked about the three vital components: discipline, dedication, and commitment.  These are essential in hitting our financial credit targets. At Empowering the Possibilities we want to provide value to your financial journey by offering the tools to help you master the credit rehabilitation process. Then, we will proceed in discovering what it will take to hit the 850 credit score bullseye.

Ready to begin the discovery? In just a few weeks, in October, we will host a live webinar with a Q&A segment geared toward providing answers to any financial/credit questions you may have. It would be great to answer any additional questions you may have, there. To get your questions answered, live, you can subscribe to this blog and we will send an email with all the details. There is no cost to you. The information is free. Below is a sample of some of the questions you can expect to hear answered:

  1. What is a credit score and why is it so important?
  2. Does income matter?
  3. Does my payment history matter?
  4. Does new credit hurt my score?
  5. What is a hard credit pull?
  6. What is a soft credit pull?

Once subscribed, you may submit any questions you have and they will be addressed in the October webinar (the date will be confirmed via email).

Looking forward to answering your questions there!

Credit Scores Matters

Building Credit is like Building a House

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Photo by rawpixel.com on Pexels.com

When it comes to building credit, we want to remind you to think of a blueprint. Your blueprint is your plan, if you will, for success. It serves as a model for providing guidance and details. In that plan is all the details for successfully supporting, strengthening and building your credit.  Just as with building a house, you need a blueprint to build your credit. As the foundation has been laid you can now start the process of putting all of the core pieces together.

The beauty of having a blueprint is that it makes all the steps simpler and it makes sure that there is alignment in bringing you toward your goal. The blueprint keeps you on course and is a surefire way to check yourself to make sure that you are moving deliberately and intentionally toward your goal of financial freedom.

If you want to get to an 850 credit score, continue your journey with rehabilitation.credit and you will see results without having to get deep in debt trying to build or re-build. Successfully building your credit is a journey that you will need to keep traveling and rehabilitation.credit will continue on the journey with you via seminars, webinars,  conferences and, of course, direct credit counseling. The reality is, the need for understanding and properly maintaining your credit will always be, so that you are never blindsided by it. It takes time, diligence and focus to manage it effectively. Interestingly enough, credit itself can be seen as an onion. There are layers and layers to it, and just when you think you have gotten to the core, there is another layer to be uncovered.

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Build Your Credit For Your Future

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Are you ready to build your credit? Since you’re reading this, you’re at the right place. It does not matter if you are building your credit for the first time or if you are in the beginning of the rehabilitation stage. No matter what stage you’re at, Empowering the Possibilities is here to help you on your journey; as stated before this is a journey not a destination.

Let’s begin with the basics of credit. We all are familiar with the term ‘credit,’ but did you know that there are two types of credit? Perhaps you’re thinking, “Oh, of course, bad credit and good credit.” Well, in a general sense, yes, but to go deeper we need to look at credit the way the institutions and lenders look at credit. When we speak the same language they speak, we will be able to begin our credit transformation. More specifically, the two types of credit we are referring to here is closed-end credit and open-end credit.

Closed-end credit is a traditional (one-time) loan that gives the borrower a certain amount of money for a specific reason. Usually the interest rate is fixed and the repayment amount remains the same for the duration of the loan.

The second type is Open-end credit, which is a loan that has revolving credit and a preset limit, like a credit card or a HELOC (Home equity line of credit). This type of credit allows you to borrow what you want and when you want it, and even when you pay it,  you are allowed to borrow more in the future.

Credit Cards are another source of open-end credit, which we will discuss in a later session.

Both type of loans can boost your credit score and both can also lower your credit score depending on the discipline, dedication and commitment that you have toward them. Remember these three components will forever be a part of your credit journey.

As a review, you can take a look at our recent post, Steps To Building Credit, which will outline four simple steps to get you on your successful journey to building credit for your future. Let’s keep building!

 

The Relevance of Credit

Good or bad credit plays a significant role in your life.  No matter where you go or what you do in life, credit will most likely be a part of your financial journey. Debt can increase your credit score or it can decrease it, the decision is yours.

Become a subscriber and learn how to rehabilitate your credit.
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