COPY - Flourish Health & Wellbeing eMag - Latest Edition - Flipbook - Page 75
Credit Repair
If your credit score is
su昀昀ering due to inaccuracies
or fraudulent ac琀椀vity, it is
essen琀椀al to take measures
to restore your credit. This
process includes:
• Obtaining Your
Credit Report:
To iden琀椀fy any errors or
fraudulent accounts.
• Dispu琀椀ng Inaccuracies:
Contact the credit
repor琀椀ng agency and
creditors to dispute errors.
Provide any evidence you
have to support your claim.
• Dealing with Legi琀椀mate
Nega琀椀ve Entries:
For legi琀椀mate issues,
consider speaking with
creditors to nego琀椀ate
a payment plan or
se琀琀lement.
Remember, legi琀椀mate nega琀椀ve
informa琀椀on (like defaults or
bankruptcies) will naturally fall
o昀昀 your report over 琀椀me —
generally 昀椀ve to seven years,
depending on the nature of
the entry.
Understanding and managing
your credit score and report
can seem overwhelming, but
it’s a cri琀椀cal aspect of 昀椀nancial
wellbeing. By adop琀椀ng healthy
昀椀nancial habits, regularly
monitoring your credit report,
and addressing any issues
promptly, you can maintain
a strong credit pro昀椀le that
opens up a world of 昀椀nancial
opportuni琀椀es.
Financial concerns o昀琀en lead
to signi昀椀cant stress, however,
mastering the skills of 昀椀nancial
management, living within
your budget, and maintaining
minimal debt levels can greatly
bene昀椀t both your emo琀椀onal
wellbeing and physical health.