Congratulations! You’ve begun your NCES Credit Restoration process! (Or maybe you are just thinking about getting started…)
Either way, we have some tips and advice to help you get the most out of the process. The more you take this process seriously, and the more effort you put in to developing positive credit habits, the better the results will be – and the longer they will last.
We do it WITH you not FOR you
The NCES Credit Restoration process is a partnership between the credit advisors at NCES and each individual client we serve. We rely on you to provide us with accurate information and quick responses to our requests.
The NCES credit restoration process includes three consecutive rounds of challenges (by us) and three sets of responses (from the credit reporting companies). The only way you can progress from one round of restoration to the next is by sending us the response letters you receive from the credit reporting companies.
Because of important privacy laws, these responses must be sent to you directly (instead of to our office). They are typically sent out within 30 to 45 days after we send the challenges and are delivered in white, unmarked envelopes to further protect your privacy.
Watching your mail carefully – and quickly forwarding us these responses from the credit reporting companies – are your most important responsibilities during your restoration process.
Commit to doing the hard work
The old saying, “You get out of it what you put into it” is a great way to describe the NCES credit restoration program.
Any kind of lifestyle change is difficult. Changing your credit score is no different.
To be most successful, you must make a personal commitment to do the hard work you need to do to not only participate in the restoration process, but to change your mind set about money and finances.
Our credit advisors are here to help hold you accountable as far as sending us the responses from the credit reporting companies. But you may benefit from a little more personal accountability.
Consider confiding in a close friend or relative. Share your immediate goals for this credit restoration as well as your long term goals. You’ll have a cheerleader to help keep you going when times are tough and a great person to celebrate with when you achieve success!
I’m ready to restore my credit! Schedule my free consultation today.
Change your habits
Habits are called habits because you do them without thinking about them. They are basically on autopilot. Breaking that cycle and developing new habits is hard work.
When it comes to credit restoration and your financial future, the most important habits to change are your spending habits. Debt builds up when you do not have enough income to cover the expenses coming out of your accounts. Sometimes this is because of misfortunes, like a lost job, an extended illness, or costly accident. But, more often, it is due to poor planning.
The first thing to do is take a long hard at how you think about money. You can start here…
Then take a close look at your budget. This article will get you going…
Finally, set some real goals. Not pie-in-the-sky goals, wouldn’t-it-be-nice kinds of goals… but solid, achievable, goals. Use this as a starting point.
Lastly, be sure to complete your NCES Credit Mastery Course that is included as part of your restoration program. It will walk you through all these topics and more to help you achieve the best results possible. (Login instructions were included in your first welcome email from NCES)
Recognize the warning signs
Once you complete your restoration program, the burden is on you to keep your finances in order and your credit score high. Keep a close eye on your credit reports – read this article to learn how to check the accuracy of your credit reports three times a year for free for the rest of your life.
There are several warning signs you can be on the lookout for to give you a heads up before any damage can be done to your credit score.
>> If you are carrying credit card balances that are higher than 7% of your total credit limit, work as hard as you can to bring those balances down. High balances negatively affect your credit utilization ratio – an important component of credit score calculations.
>> If you are having trouble making even just the minimum payments on your credit cards, you should take action fast. Readjust your budget so you can make bigger payments and get those balances back to a manageable amount. If possible, you may consider a balance transfer to a new credit card with a lower interest rate to lower your minimum payments. Just be careful here! Don’t close the older card and don’t add new debt to the balances!
>> If you receive mail from creditors you do not recognize or mail in someone else’s name, check your credit reports quickly. You may be a victim of attempted identity theft. It can even happen to your children.
4 Ways to Boost Your Credit Score Fast
Free eBook Download
If you have any questions, please give us a call at 770-952-5168 or contact us online.
“Like” us on Facebook to have great tips and breaking credit news delivered right to your phone or computer.
Other articles that may interest you:
Pay for credit restoration? But I can’t even pay my bills!
How Do I Get A Better Credit Score?
7 Ways to Improve Your Credit
This information is intended for informational and educational purposes only and not as legal advice. If you have concerns about your credit report, harassment, identity theft, illegal collections activity, garnishments, or property liens, you should consult an attorney who specializes in consumer rights and defense.