Can Bad Credit Affect Your Personal Relationships?

If you’re married your wedding vows probably included a phrase about your taking each other “for better or for worse.”  If that’s the case, why do more than half of the marriages in the United States end up in divorce?

One of the things that people argue about most, one of the things that is the reason that so many people get divorced is money - or the lack of it.  If you and your significant other have been squabbling amount money the odds are that your credit score is bad.  If staying together means anything to you then you may want to take the steps to improve your credit and to improve your financial situation.

A lot of people would love to repair their credit but they don’t know what steps they should take to repair it.  If you want to fix your credit then you will have to learn as much as you can about it as possible.  The tips that you’ll find in this article are designed to give you some of the information you need to know that could help you to repair your credit.

The first thing you’ve got to consider is that you need to be really motivated if you are going to be able to turn things around.  If you’re lackadaisical about trying to fix your credit you won’t really get anywhere.  Although at times it might seem as if you’re trying to push a very large boulder uphill, it isn’t impossible to turn your situation around.  However, you can’t lose your motivation to succeed or you could easily fail.

Don’t Open New Accounts

Repairing your credit could be difficult if your credit is being polled creditors or if you are trying to open new accounts.  Although it will take time to improve your credit, when potential new creditors check your standing it has an immediate negative impact on your rating.  Therefore, whenever you are trying to improve your credit rating you should avoid opening new accounts and having your credit history checked.

Consumer Credit Counseling Services

One of the best things that you can do to repair a poor credit history is to get help from a consumer credit consultation company.  Nonprofit credit counseling services can help you to establish repayment plans with your creditors.  The plans that they negotiate can often lower the amount of interest that you will need to pay and lower the amount that you owe.

If you ask for help from a consumer credit counseling company they can help you to get back on track.  It’s certainly a much better option for your credit score than declaring bankruptcy.  In addition, some creditors don’t want to work with people who seem to have overwhelming debt.  If you are being harassed by debt collectors and they are refusing to work with you then it would definitely be in your best interest to work with a credit counseling company.

If you qualify for counseling your counselor might be able to consolidate your debts.  He or she might even be able to persuade debtors to eliminate or reduce certain charges.

If you feel that credit consultation would be good for you and your family then you should gather as many details as possible about your credit situation before contacting the agency.  This way you will look as if you are prepared (because you will be) and that you’re serious about wanting to repair your credit.

If you are having marital problems and/or problems in your personal relationships, all might not yet be lost.  If you are proactive and start to work on fixing your financial situation and your bad credit together the two of you may still be able to save your relationship.  The ball is in your court, so why not start today?