Life Kit Effective ways to rebuild your credit score
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Mar 12, 2024 
Monique White, a credit counselor and head of community at Self Financial Inc., shares her expertise on rebuilding credit scores. She discusses the significance of understanding your credit report and provides tips on managing debt effectively. Listeners learn how to navigate collections, negotiate payments, and adopt a positive mindset through practical strategies. The conversation highlights emotional hurdles and the empowerment of transforming a low credit score, making financial improvement accessible to everyone.
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Lucy's Credit Struggle
- Lucy Cerezo lost her job and home during the pandemic, impacting her credit score.
- She needed a car but faced a 19% interest rate due to her low score of 433.
Facing Your Credit
- Acknowledge and address your credit score; it's a crucial first step.
- Don't be afraid to face your credit situation, as addressing it is key to improvement.
The 700 Club
- Aim for a credit score of 700 or higher.
- This score offers better interest rates and loan approvals, according to Monique White.