Remember back when you first realized that the COVID-19 pandemic was going to last a lot longer than the original two weeks that we were all hoping for?
If you’re like most people, you tried to be optimistic and focus your thinking on getting done all of the things that you had been putting off for months because you were too busy.
Actually, scratch that. That’s not what most of us did. We complained about not being able to go out and then spent all of our newly found free time binge watching Ozark, laughing at TikTok videos, and drinking…there was way too much drinking.
Now that it is starting to feel like the end is in sight, many of us are starting to realize that we might have wasted some valuable time on those things we should have been doing all along…like fixing our slowly declining credit scores.
If that sounds like an accurate description of the past year in your house, don’t worry! You still have plenty of time to get things right as we head into “The Great Reopening.”
And with that in mind, let’s take a quick look at five different goals that you can use as motivation to get started on that credit repair right away.
Travel Perks from New Credit Cards
Travel is at the top of just about everyone’s to-do list after being stuck at home for more than a full year, and signing up for a new credit card can score you a ton of points to use towards future travel…you just have to have a decent credit score to get approved.
On the surface, it might not seem like working on your credit score so that you can get a new credit card makes a ton of sense, but if you are committed to using the card responsibly, it can mean a ton of free travel perks are headed your way.
Benefits for Existing Credit Cards
One of the first steps in almost every credit repair strategy is to work on paying off any existing credit card balances, this goal also comes with the added bonus of opening up the benefits that come with any existing credit cards you might already have in your wallet.
Improving your credit score can also allow you to upgrade your existing credit cards or take advantage of whatever interesting offers that card might have available as the economy begins to open up again.
New Furniture or Exercise Equipment
Clearing some of the old issues off of your credit report will also open up the ability to finance new purchases (again, assuming that you are going to be responsible in paying for those new purchases) like furniture or exercise equipment.
Being stuck at home for the past year has worn out a lot of couches and given many of us a new desire to purchase that fancy treadmill we’ve had our eye on. Getting both will certainly add some motivation to the last stretch of this pandemic.
Upgrading Your Vehicle
When you are ready to purchase a new vehicle, the entire process is going to be much easier if you have excellent credit, and who doesn’t want to ride around in style in what should be a wildly fun summer?
Getting that credit score in line will dramatically improve your purchasing power at any dealership thanks to the lower interest rates you will qualify for on both lease and purchase deals.
Buying a New House
Of course, the ultimate reasons for improving your credit score is to make it easier to get yourself into a nicer home. And after spending the entire pandemic in your current residence, who isn’t going to be ready for a new place to call home?
From free plane tickets to brand new homes, having an excellent credit score is at the root of just about everything worth doing in life. So pick out a few reopening goals for yourself and let’s get to work on fixing those blemishes on your credit report today!
