How To Improve Your Credit Score After Debt Review.

Repair your credit score.

Many consumers are misled into thinking that they can never begin to repair their credit scores after undergoing debt review.

Here’s the truth: any action you take towards clearing out debts will help you keep your debt in check even after a debt review.. Your positive actions demonstrate that you;;re able to keep your finances under control.

Does debt review affect your credit score?

You might want to think about getting a personal loan because it could help you with your finances. Take a moment and look at the different options that are available for those who need financial support. During the debt review process, you will not have access to further credit options and instead focus on improving your financial standing by paying off existing debts.

How can I improve my credit score after my debt review?

During the debt review process, your debt counsellor can provide guidance as to how you can best manage your finances while paying off your debt. Debt review can take up to 5 years to finalize but you can do it quicker if you stick to the payment plans. The good habits you learned during the debt review process should be carried forward even after debt review to ensure you don’t fall into the same debt trap again. After debt review you will be allowed to take up credit again when needed. Start with something small and manageable with a low interest rate that you can pay off quickly.

For more advice on how to improve your credit score, contact Credit Health.