Bad Credit Resource Center

Staying well organized and focused is very important when you’re trying to boost your credit score, because there are so many details to keep track of. A few basic organization tips can help make sure that you don’t overlook anything that can cost you your good credit score. The next few posts will list a few of them.

The most important thing you can do is stay financially organized. Keep all your financial records - including tax records - in one place.  Note the days you paid your bills on the bills themselves.  Track how much you owe and where you owe money.  Keeping your financial information in one place allows you to refer to it easily.  Storing all your financial life in one place also makes it easier for you to see where your credit and your financial life still needs work.

Here is some of the information you may want to keep in your financial file includes:

-Bills
-Tax receipts and forms
-Banking information
-Insurance forms
-Articles and pamphlets about debt
-Your credit reports and scores
-Deeds to your assets (such as your house)
-A list of contacts that affect your financial life (such as your bank and credit agencies, for example)
-Your written emergency plan, detailing what you should do in case of a sudden loss of job or other problem
-Financial forms
-Investment information
-Agreements you have signed for loans and other financial services
-A list of your financial goals

I suggest buying a buy a box and keep your separate information in different labeled folders (tax information together, for example, and bills in another folder) for easy referencing.  Whatever system you use, you’ll find it much easier to manage your finances and your credit. If you think it’s too time comsuming to do this, imagine having to look all over the house looking for random pieces of paper.

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