In today’s day and age, you have to have a great credit score if you want to qualify for any type of loan out there. If you have failed to optimize your credit score over the years, this makes be getting in your way of getting a great car loan or even a mortgage. The good news is that a credit score can always be improved on. For some, it may be a quick repair. For others swamped in debt, it may take a bit longer. In today’s article, I am going to be going over some ways that you can fix your credit.
- Clean up your debt
To help your credit score, you first have to get rid of the credit card debt that you already have. The average household in America owes sixteen thousand in credit card debt. The bad this is that debt has been rising over the years. One way I would get rid of the debt is with the debt avalanche method. This method is where you pay off the debt with the highest interest first. By making this your number one priority, you will save money on the interest in the long run. If you are dealing with smaller debts, say a total credit card debt of $2,000, you can use the debt snowball method. This is where you tackle the smallest debt first.
- No cash, no credit
Let’s face the harsh reality of finances. If you can’t pay for it cash, what makes you think putting it on a credit card will make it any cheaper? In fact, it actually makes it more expensive as the interest accrues over time. This can be disastrous if it is a larger debt with a high interest rate. With that being said, I would only put things on credit that I know for sure I will be able to pay back at the end of the month. These are things like gas expenses and grocery bills.
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Equity First Holdings is a finance company which was started in the year 2002 by Sir Christy Jr. Christy used to work in another financial company where he acquired the skill and knowledge to run the company. He started the company with the aim of providing an alternative finance source to individual and investors.Equity first holdings provide short-term loans with low-interest rate to their clients. This helps to stabilize the economy of the country in its way. The organization offers their credit based on their valuation and conditions.
The company started its activities in Indianapolis, United States but it has grown over the years and has been able to open offices in other different parts of the world. They have offices in Australia, China, Thailand, United Kingdom, Singapore and some other parts. The organization is continually opening offices in the entire world.In Australia, the company is running an office in Sydney which is their central office, but they are also running other two satellite offices in Melbourne and Perth. The company announced that they would be working together with an Australian company known as Environmental Clean Technology where equities will be funding significant projects in India.
Susan McGalla aged 54 is the vice president of business strategy and creative development. Business strategy and creative development is an organization that deals with creating strategies for a company to improve on returns. Susan has been in the leadership position for years now and her impact the company has been felt.
Susan graduated from Mount Union College with a bachelors in business and marketing, this strong educational background has given her a solid start and has propelled her to become one of the most influential women leaders.
Apart from being in leadership, Susan has also taken part in establishing P3 executive consulting; she has also worked as a financial advisor. Though she is now a thriving business person, she has also had her shares of struggles. Despite the struggles, Susan has managed to pick up to emerge the best.
Susan has paved the way for women leadership, her upbringing also played a crucial part, being the only girl in a family of two brothers and a football coach toughened her. Susan grew knowing that she could do anything and the pressure for her brother and father build her confidence.
During the onset of her career, the field was male-dominated and very few women got the opportunities to work in such situations. For Susan, however, giving up was not an option and she was determined to attain her goals, the passion and drive led to the establishment of her organization which offers consultative services to business.
Susan McGalla’s success is encouraging, however, the chances of women getting in to leadership are not that easy. There is a need for women to work together to support other women. It is also advisable for women to establish initiative groups that help in addressing issues that affect them and provide solutions on how to deal with the problems.
Susan McGalla’s is just among the few women who have set the trend for other women, her work in the business sector has been influential in promoting growth and women aspiring to be leaders should emulate Susan’s dedication, hard work and perseverance. The journey comes with its challenges, but you need to learn to overcome these challenges.