Fixing your credit is not going to be as difficult or time-consuming as you may think. In fact (and I really mean this) you might discover, as I did, that it is actually kind of fun. It is also very rewarding. It is rewarding because as you learn the ropes, you will start to see progress. If you follow what I am going to teach you, you will see your credit score increase every month. This is not rocket science, but it will require some dedication on your end.
Credit Repair Spreadsheet
That’s fine, it is a personal preference really. If this is you and your credit report has multiple negative entries, you should consider getting a free credit consultation by a professional credit expert at Lexington Law Credit Repair. They will take a look at your situation and tell you how they can help. Lexington Law is one of the biggest out there and many of my readers have reported positive experiences.
Check your Progress
You cannot effectively check your credit improvement progress unless you are actively monitoring your credit report and credit score. That is, you should know your credit score before you start this journey and every month throughout it as it changes from month to month. Really, you should be monitoring your credit score even if you are not repairing your credit.
Credit monitoring will be a small monthly expense but it is not too bad and in my opinion, it is worth it to always know your score.
Tools you will be required
In addition to setting up credit monitoring, there are a few more tools that will make organizing and tracking your progress easier. Luckily these tools are free and I have bundled them all up for you. You can download The Do-It-Yourself Credit Repair Kit below.
Do-It-Yourself Credit Repair Kit
- Negative Entry Worksheet – This will help you organize which entries on your credit report you are going to tackle and in what order.
- Monthly Credit Score Tracker Spreadsheet – Use this to track your credit score each month during the time you are fixing negative entries and building new credit.
- Credit Letter Templates – Mostly you will be writing some letters to creditors or collectors. I have included sample letters you can use as templates.
- Credit Balance To Limit Ratio Calculator – A personal finance rule of thumb that goes with it says that for a good credit score, keep your “credit utilization ratio”
One nice thing about this spreadsheet is how it allows you to see at a glance how much you have paid each month and plan out your debt repayment for the months ahead. With that said, you should know that if you choose this one there might be certain things you cannot do with it since it is a very bare-bones option.
Download Credit Repair.