I’ve personally been down the DIY credit repair route before and I learned a lesson: it doesn’t do any good to fix your credit if the underlying issues relating to debt and overspending are not addressed.

Simply put, it doesn’t do you any good to start fixing your credit unless your financial situation is under control. I think, as Americans, we need to be honest with ourselves about our finances. We’ve been overspending for years and now that things have become economically challenging, many of us have been caught in a tough financial position.

I think this step is addressed by having a plan to deal with how you will pay your bills in the future. I’m not a financial advisor, but there are plenty of people out there who are and can help you come up with a get-out-of debt plan. Some people advocate budgets; others have other systems for dealing with how to pay bills. I’m sure we’ll spend some time talking about this more in depth in future posts, but I wanted to mention it before we start talking about how to repair your credit.

The point is, come up with something that is workable for you, because if you don’t pay your bills, your credit repair efforts will be a waste of time and money.

DISCLAIMER:
****CHRISTINE SPRINGER IS NOT A LICENSED ATTORNEY OR FINANCIAL ADVISOR. THIS BLOG IS COMPRISED OF HER OPINIONS, OBSERVATIONS AND INTERPRETATIONS AND IS NOT INTENDED TO BE CONSTRUED AS LEGAL OR FINANCIAL ADVICE. PLEASE CONSULT WITH AN ATTORNEY OR FINANCIAL ADVISOR BEFORE RELYING ON OR TAKING ANY ACTION BASED ON THE INFORMATION IN THIS BLOG.****