Question: How do you bounce back from a long term unemployment period and repair your credit?
Answer: Credit is affected by your ability to pay, so if you have been unemployed and not receiving income then your credit probably has been negatively affected. So let it go! Now for the good stuff – restoration. If you haven’t already, you may want to start contacting your creditors (start with the most recent negative accounts) and work out a payment plan or settlement arrangement. It is always best to avoid collections or worst judgments. Most creditors just want to hear from you and start getting paid something. Keep in mind that getting back on your feet may not happen overnight, but if you stay focused and disciplined then your credit can be restored. If you’re not sure about which accounts to pay, talk to someone who can assist you.
Submit your questions and help to educate on principles of good credit management. Contact us today for free credit consultation at 877-896-2831 or email assessment@visioncreditservices.com. Also, visit our website for more information about our services at www.visioncreditservices.com.
