Have you ever heard the expression “don’t let the tail wag the dog” or “don’t put the cart before the horse?” These expressions basically mean the same thing – do not focus on one thing and forget about what controls it.
I have told people in the past that their credit score really does not matter too much. I have revisited a lot of my posts where I talk about how you can rent without a credit score, and you can get a home mortgage without a credit score. And while all of these things are true, perhaps I need to change my message a little bit. Consider this post a change of direction for me.
In this post, I will refrain from telling you that your credit score does not matter. Instead, I will tell you not to obsess over your credit score.
Far too many people put far too much emphasis in their credit score. They spend so much time trying to figure out how to improve their credit score. They buy books, which were written by con-artists.
Yeah, you know that guy Kevin Trudeau? He wrote a lot of books on credit. Did you know that he spent some time in prison for financial fraud? Did you know that a lot of his teachings are illegal and unethical practices?
Don’t put the credit score before yourself. Don’t focus on the credit score and forget about what drives the credit score.
Repairing Your Credit Score is the EASY Part!
No, this is not a sales pitch. I am not selling you anything other than my ideas, and my ideas are free.
The fact is that repairing your credit score is actually the easy part. People get so caught up in the credit repair world that they forget one simple thing: your credit score repairs itself!
Why would you spend so much time and energy trying to repair something that will repair itself? The fact of the matter is that your credit score is no more than a reflection of your personal credit. It is completely derived from your credit history. If your credit history is poor, your credit score will be poor. If your credit history is great, your credit score will be great. If your credit history is blank, your credit score will be blank.
Focus on Your Personal Credit, NOT Your Credit Score
If you do the right things, your credit score will take care of itself. What are the “right things?” You know. Let’s not beat around the bush. The “right things” are the things that we all know we have to do, but just do not want to do.
Pay what you owe on time. Do not be late on your payments. Do not miss a payment. These are all very basic things that we all know we must do. They are so obvious that they possibly cannot work, right? Wrong! In a lot of cases, it is the painfully obvious things that are the solution. In the case of your credit score, the solution has always been right in front of you.
Pay what you owe on time. Do not be late on your payments. Do not miss a payment. And most of all… give it time. This last one is perhaps the most painfully obvious “right thing.”
Drop the Microwave and Get the Slow-Cooker
No, this is not kitchen remodeling advice. But have you had a meal from a slow-cooker in a while? It is so good! Just put something in the slow-cooker and let it go. When you get home from work, your home will smell so nice and you will have a fresh, hot meal waiting for you.
People do not want to wait for their credit score to heal, but unfortunately that is the only REAL way to make it happen. Give it time.
Your personal finances are like a slow-cooker. You have to give things time. You cannot just stick things in the microwave and expect all of your problems to be solved. Sure, you get something a lot quicker by using the microwave, but the result will not be nearly as delicious.