While most of the world continues to reel from the COVID-19 pandemic, you may be worried about your financial health. With an unemployment rate at a record high and millions of Americans worrying about paying their bills, this pandemic is turning into much more than a health crisis. If you're feeling uneasy about your financial position, it may be time to try Credit Repair services from Build Worth Strategies.
Here's what you need to know about repairing your credit and meeting with experienced counselors.
What is a Debt Counselor?
A debt counselor for Credit Repair in Hialeah Fl can help you identify better ways to manage your money and debts. They can set you up with a debt management plan that helps to budget your money and begin paying off debts each month.
Types of Debt to Pay Off First
While it's always a good idea to take care of high-interest debt first, sometimes necessities like your mortgage or rent need to be at the top. After you pay for your shelter, car loans are the next best thing. That mode of transportation is probably vital in getting you to work every day so you want to make sure you're up to date with those payments.
Next on the list should be food and health insurance, if necessary. Utilities and credit cards should round out the field. A credit counselor can help you organize and prioritize your debt giving you a clear picture of your monthly payments required.
Prepare a Budget
One of the first steps you need to take during your visit with your counselor is to prepare a budget. This simple tool gives you a picture of your finances and can help you reach your goals. It's always a surprise for people to see how much they've been spending on frivolous "wants" instead of paying down debts or saving for a rainy day.
Many creditors realize that COVID-19 has had a massive impact on the public. Job loss, reduced hours, and inability to pay bills has taken a toll on the workforce. There are many creditors that are working with consumers to implement programs to provide relief during these difficult times. If you're having trouble paying your bills and Hialeah Fl Credit Repair it may be a good idea to contact your creditors to see if they have programs to reduce interest rates, delay mortgage payments, or restructure your debt.
The team at Build Worth Strategies is here to help during this stressful time. If you're looking for some guidance, please contact us.