Fix Your Credit in 90 Days: My Bold Journey to Financial Freedom

Introduction: Can You Really Fix Your Credit in 90 Days? I Tried It

Ever felt like your credit score is playing hide and seek with your financial dreams? Trust me, I’ve been there. With a credit score that looked more like a bowling score, I decided to take matters into my own hands. Armed with determination and a sprinkle of skepticism, I embarked on a 90-day mission to fix my credit. Spoiler alert: it wasn’t just possible—it was transformative.

In this journey, I discovered that with the right tools, like Monarch Money, and a solid plan, turning your credit around isn’t just a dream—it’s a reality waiting to happen. Let’s dive into how I did it and how you can too.

Understanding the Basics: What Impacts Your Credit Score?

Before diving into the action plan, it’s crucial to understand what factors influence your credit score:

• • Payment History (35%): Timely payments are paramount.

• • Credit Utilization (30%): The ratio of your credit card balances to limits.

• • Length of Credit History (15%): How long your credit accounts have been active.

• • Credit Mix (10%): A variety of credit types, like loans and credit cards.

• • New Credit Inquiries (10%): Recent applications for credit. 

Understanding these components helped me tailor my strategy effectively. Investopedia

Week 1-2: Laying the Foundation

1. Pull and Review Your Credit Reports

I started by obtaining my credit reports from the three major bureaus via AnnualCreditReport.com. This allowed me to identify any discrepancies or errors that might be dragging my score down. 

2. Dispute Inaccuracies

Upon reviewing, I found a couple of errors—like a payment marked late that I had actually paid on time. I filed disputes with the respective bureaus, and within a few weeks, these inaccuracies were corrected, giving my score a modest boost.

3. Address High Credit Utilization

My credit card balances were hovering around 70% of my limits—a red flag for credit scores. I focused on paying down these balances, aiming to keep utilization below 30%. This step alone had a significant positive impact. 

Week 3-6: Building Positive Credit Behavior

4. Set Up Automatic Payments

To ensure I never missed a due date, I set up automatic payments for all my credit accounts. Consistency is key, and this move safeguarded my payment history.

5. Become an Authorized User

I asked a family member with a stellar credit history to add me as an authorized user on their credit card. This added their positive payment history to my credit report, providing a helpful boost.

6. Utilize Credit-Building Tools

I explored credit-builder loans, which are designed to help improve credit scores. These loans work by holding the borrowed amount in an account until it’s paid off, reporting positive payments to credit bureaus. 

Week 7-9: Monitoring and Adjusting

7. Track Progress with Monarch Money

I used Monarch Money to monitor my financial health. This tool provided a comprehensive view of my finances, helping me stay on track with budgeting and debt repayment. Monarch Money

8. Avoid New Credit Applications

I refrained from applying for new credit during this period to prevent hard inquiries, which could temporarily lower my score.

Week 10-12: Solidifying Gains

9. Maintain Low Balances

I continued to pay down my credit card balances, ensuring they remained well below the 30% utilization threshold.

10. Regularly Review Credit Reports

I made it a habit to check my credit reports monthly, staying vigilant for any new errors or issues.

The Results: A Transformed Credit Score

By the end of the 90 days, my credit score had increased by over 100 points. This improvement opened doors to better interest rates and financial opportunities I previously couldn’t access.

Key Takeaways

• • Consistency is Crucial: Regular, on-time payments make a significant difference.

• • Utilize Available Tools: Resources like Monarch Money can streamline the process.

• • Stay Informed: Regularly reviewing your credit reports helps catch and correct errors promptly.

Sometimes and under certain circumstances a quick credit fix won’t work for you. This is where we introduce you to the right people who can help you fix your credit. We call it CuraDebt, they’re not just a sponsor for a few dollars. We chose them because they work. Period. I’ve countless friends, family and subscribers that will attest to it!  Check it out!

FAQs

Q: Can I really fix my credit in 90 days?
A: While significant improvements are possible, results vary based on individual circumstances.

Q: Is Monarch Money free to use?
A: Monarch Money offers a subscription-based service with various features to help manage your finances.

Q: Will becoming an authorized user always improve my score?
A: It can help, especially if the primary user has a strong credit history, but results may vary.

Internal Sources:

After you follow the steps above try doing this:

Skyrocket Your Credit Score 100 Points—No Guru Needed

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Financial Disclaimer

This article is for informational purposes only and does not constitute financial advice. Always consult with a financial advisor for personalized guidance.