Winter may be a time when you find yourself cocooned from the outside world to keep warm. Getting errands done while you are warm and cozy can be tough, but there are some quick things you can get done while waiting for the spring to come. One of those chores can be getting your finances and credit in shape.
Following a few of these tips is a great way to take care of your credit while watching the snow melt outside
Access a credit report and search for errors
The first thing to check off your winter cleaning list is pulling a credit report, which should be simple to do and can help guide your finance cleaning regiment. You are allowed one free credit report from each of the three credit bureaus each year, so you are easily able to access one.
Once you receive your report, scan it over and see if there are any errors. Credit reports can have wrong information on them, which may not be your fault. This can be as simple as a digit misplaced in your address or as major as another person's name on your credit account. Your next step should be to call up the credit bureau you received the report from and let them know about the error.
Set up automatic billing
Forgetting to make a credit card payment can be one of the quickest ways for your credit score to take a dip. It will result in late charges and reflect negatively on your credit score. During your winter hibernation, it may be a good idea to set up automatic billing. This way, your bills will be taken care of and you will not have to worry about missing another payment again.
Creating a budget
Paying off debt may sound like a no-brainer, but should make a plan before you decide to drop your hard earned dough on a credit card balance.
You can create a budget for your credit card by deciding what your average monthly payments will be. Once you have figured out what this payment will be, you can subtract it from your income and base the rest of your budget around what is left.