Now that the holidays are over, it may be time to determine how quickly you can pay off your holiday debt. Not paying off debt can impact your credit score with a negative outcome. If you are interested in improving your credit score, beginning on Tuesday, January 15 from 12:00 p.m. – 1:00 p.m. Sangamon County Community Resources is offering a free, monthly credit coaching workshop over the lunch hour to anyone who lives in Sangamon County. The workshops will be held in the Public Health Conference room at 2833 S. Grand Ave. East. Local finance professionals will present the information and work with participants to obtain their credit report, assist them in interpreting it and suggesting methods to improve the score.
We know that if you have a low credit score that it will be more difficult to find a bank or credit card company to lend you money, but it goes beyond that. Not only does your score affect whether or not you can borrow money and at an attractive rate, but it can affect everything from insurance rates to employment opportunities.
During the class you will go over everything that might appear on your credit report in complete detail and in simple language to make sure you understand everything and its importance. You will know what all the score numbers mean, and which numbers are the ones to shoot for. You will get an action plan together with a checklist of "little victories" that will help you build you credit worthiness step-by-step. Because when you build your credit, you are building your life.