To help rebuild your credit score and to help you lead a more responsible financial life, nothing will help more than developing good money habits. Learn to budget, live frugally, and set reminders to make sure you don’t miss any payments. With good habits, you’ll find it easy to meet your financial goals and set new ones. With that in mind, here are some tips for improving your credit score.

Credit: Know Where You Stand

If you’re living with debt that’s gotten out of control, then know that you can turn to the Licensed Insolvency Trustees, also known as bankruptcy trustees, at David Sklar to plan your way to financial freedom and improved credit. But before you can start to see improvement in your credit score, you need to know where you stand.

Checking your credit report gives you the opportunity to see which areas of your financial profile need improvement. You can see if you are regularly making late payments, if you have many missed payments, or if your debt utilization is too high. These factors would lower your credit score but the good news is that you’ll be able to see where you’ve gone wrong and position yourself to make improvements.

Credit Report vs Score

Your credit report goes through the details of your financial standing though it doesn’t always come with your credit score. Your credit score is a very important number that you’re probably trying to improve — it’s by going through your credit report where you’ll start to see how to do that.

One major item to look out for on your credit report is whether or not there are any listed fraudulent accounts: these errors can bring down your credit score and can be very troublesome. Inaccuracies on your credit report must be brought to the attention of the creditor as soon as possible so that they can fix the problem and revise the report.

Rebuild Credit

When you’re struggling with too much debt and perhaps even wondering if bankruptcy is the only way out, then you know it’s time to team up with a bankruptcy trustee. A trustee can guide you through the stressful and overwhelming experience of managing debt that has gotten just too hard to handle.

When you’re struggling with debt, you may think that rebuilding your credit is just a faraway fantasy, but with professional help you can be on the track to rebuilding your credit sooner than you think.

You need to build a consistent payment history to build up your credit as a way to prove to creditors that you can responsibly manage debt. A secured credit card is one of the best ways to do this. Secured credit cards are just like any other credit card except you must provide a security deposit as collateral before using the card. The point of a deposit is to assure creditors that you will pay back the money you borrow.

Of course, you should be careful. The point of the card is to make steady payments and stay within your balance and our personal budget — this is certainly not an excuse to find funds to enable you to live beyond your means. You want to develop good habits and grow a healthy relationship with creditors, rebuilding your credit is how to do that.

Many people do not know that they can actually save good money with their mobile device. Think of your smart phone as an investment, you put a in a lot of money into buying it and now it’s time to reap the dividends.

Apart from making calls, browsing, socializing and other numerous things you currently use your phone for, there are a number of ways you can cut costs and save some money with your mobile device, be it an android – phone, iPhone or a windows based phone.

Here are 7 tips on how to save some cash with your mobile phone

  • Use the budget planner on your mobile phone to plan your daily, weekly or monthly spend. It gives you an idea whether you are going above your income and helps you decide where to cut cost if necessary. Apps like this can help you track your expenses, reduce impulse buying and help you save some cash.

  • You can also download money saving apps like the that allow you to track your credit card spend and ensure you do-not run out of cash before the month ends or to blow over your monthly limit. This app allows you to spend and save on your mobile device. Other apps are available online that can also help you make financial transactions online with your mobile phone and save the cost of having to travel all the way to your bank.

  • Make sure you are on the right plan for your calls. Select the best service provider to get the best plan for your area. If you rarely use your phone to make calls or send texts, a pay as you go option may be cheaper for you. If on the other hand you make a lot of phone calls, then a monthly payment plan may be the better option. Be on the same plan as your friends and family as this could reduce the charges on your talk time.

  • Use your phone to compare prices of items you wish to purchase online so you can decide on the best places to shop to get good prices.

  • Download free games and apps on your mobile device only if you are certain there are no hidden charges. This may mean you have to exercise some control over who has access to your phone, so they do-not unwittingly accumulate charges for you.

  • Avoid calling numbers that place extra charges on your tariff with your mobile phone. It’s cheaper to use a landline to call numbers that begin with 084, 087 and 09

  • Use Wi-Fi whenever you can to browse or download apps on your mobile phone. Use as little of your mobile data no matter how unlimited the plan could cost more than you think as background apps on your mobile could mean that your data is getting exhausted sooner than it should. Ask for a downgrade from your network service provider if you are not using your freebies.