Taking the F word out of Finance!

Hello and Greetings to Aracelis Sells It blog,
I find myself in conversations with clients/prospective clients from different social economic backgrounds with the same fear on their faces. What are they all afraid of? The  F word! No, not that "F"-  fear. 


Fear of finances will stop, otherwise brave, smart, and capable individuals from taking the necessary actions to improve their financial education.  I am not a financial expert, I am, however, an expert at having failed at my personal finance.  It was not until I got tired of feeling financially stupid that I started reading all I could about FICO, credit scores, savings, and investments. It was my biggest weakness and shame, therefore, I made it my mission to master it.
For financial advice seek professional licensed financial expert, and/or credit repair counselor.
The fear of knowing what is on one's credit report will stop individuals from checking their score and making the necessary changes. Going to a free credit monitoring service or asking your credit card company will provide you the opportunity to see what it says.  Taking the time to pull the report and disputing errors will not only get you started in the process but also help you feel empowered to slay credit boogieman.

Here is a list from my FICO.com

The proverbial ostrich approach will only keep you in the darkness over-paying with that gut-wrenching feeling of despair. One of my friends has been trying to buy a house but his credit is "bad" but he refuses to check his score.  He told me it's bad and it's hopeless.  I informed him that with that attitude nothing will ever change.  Change requires you expanding your basic knowledge of credit reporting and how your spending habit has affected it. Take one step at a time and before you know it you will have a better understanding and control of your credit. Take action!
It is not easy but with the right information and disciple, anyone can bring their credit score up.  The Fair Credit Reporting Act (FCRA) is a federal law that regulates credit reporting and everyone should become better familiar with federal law that protects consumers.
It is so important to check it and dispute errors What are they so scared about The fear of money, credit, and lack of basic financial education concerning them. Very few have an in depths understanding of the For me it More specific it is the fear of finance. No matter the price point and social economic background I see the fear in their eyes become apparent. For some it is simple it just means getting a credit check and having enough for closing cost, while for others its more complex.
Take the time to read some of the article linked in my blog and start your personal journey to financial health this 2019.

 

https://www.myfico.com/credit-education/improve-your-credit-score

https://www.consumer.ftc.gov/articles/pdf-0096-fair-credit-reporting-act.pdf