Feeling trapped by a poor credit score is incredibly frustrating, especially when it blocks your financial goals. It's common to worry that past mistakes have ruined your financial future. This sense of being held back adds stress and uncertainty to managing your finances. In this Motivational Monday edition of the Ask Ralph Show, host Ralph Estep Jr. tackles the challenge of repairing bad credit head-on, offering hope and practical steps for those feeling overwhelmed. Discover the importance of obtaining your credit reports, disputing errors, budgeting for good credit, improving your credit utilization ratio, the pros and cons of becoming an authorized user, and spotting credit repair scams. Repairing your credit is not just about improving your financial situation—it's about restoring integrity and honoring your faith through responsible financial stewardship.
https://www.askralphpodcast.com/repair-my-bad-credit/
00:00 Episode Overview
01:06 Listener’s Question
02:22 Bible Verse
03:00 Step One: Know Where You Stand
03:45 Step Two: Dispute Errors
04:20 Step Three: Create a Budget and Stick to It
05:02 Step Four: Pay Your Bills on Time
05:29 Step Five: Reduce Your Credit Utilization
06:03 Step Six: Become an Authorized User
06:25 How Long Will It Take to Repair Credit?
06:55 Avoiding Credit Repair Scams
08:28 Final Thoughts
10:01 Outro
