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“The Road Ahead: Building and Rebuilding Credit” will provide attendees with tips, tools and resources on how to rebuild their credit score.

JVS Human Services is offering a free webinar to residents of the Metro Detroit area who need to build or rebuild their credit score damaged by the pandemic. The webinar, to be held on February 23 at 10 a.m., is part of the “The Road Ahead” webinar series launched by JVS Human Services last summer, providing information for employees, employers, job seekers. and those who have been financially affected by COVID-19.

“The Road Ahead: Building and Rebuilding Credit” will provide attendees with tips, tools and resources on how to rebuild their credit score. No registration is required, and the webinar will be broadcast on the JVS Personal Services Facebook page.

“Many in our community have seen their incomes negatively affected by the pandemic – whether through job loss, time off, reduced hours worked or because the businesses they ran have saw their incomes drop, ”said Financial Education Supervisor Laltsha Cunningham of JVS Human. Services. “However, with a few simple tips and behavior changes, many people can improve their credit score, which is so important to good financial health. “

Cunningham’s Tips for Improving Your Credit Score

  1. Become an authorized user on a credit card, for example on the card of a spouse or other family member. This allows you to benefit from the cardholder’s payment history if they are in good standing.
  2. Choose a secured credit card that is secured by a down payment. The line of credit will match the deposit and the cardholder will not exceed their card limit.
  3. Look for credit loans to pay off your debts – these are usually loans guaranteed by a credit union. When the consumer makes a payment on their loan, these numbers are reported to the credit bureau.
  4. Keep credit cards open even when you’ve paid a deposit or refunded a credit card, as this will make payment history easier. A long payment history is helpful in improving credit scores, and it also contributes to the availability of credit.
  5. Consumers need to make timely payments on credit card and loan bills, which will help improve their overall credit score, save money by avoiding late fees, and prevent the account from falling. be collected or closed.