Find out how Arnita Johnson-Hall is using credit education to transform the lives of people in America!
Texas entrepreneur Arnita Johnson-Hall is someone who has helped hundreds of thousands of people in the United States repair their credit. This earned him critical acclaim, as massive publications such as Forbes and Yahoo sought to interview him.
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Arnita is also a Board Certified Credit Consultant with the Certified Credit Consultants Association and is also a Certified FICO® Professional whose main goal is to educate people about the benefits of having good credit and how to correct bad credit. In this article, we’ll learn how Arnita got into the credit business and how she is helping change lives through her mission.
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When asked why she ventured into the credit business, Arnita pointed out that the credit industry was under-resourced at the time – in terms of professionals. Back then, many other niches in the financial industry had experts left, right, and center who would provide reliable information to clients and prospects who needed help, but no one in the credit industry did.
This led Arnita on a journey that would ultimately change the lives of thousands of women across the United States. In a sense, she chose to become the missing resource.
Building an empire
Having learned enough about the inner workings of the credit industry, Arnita founded AMB Credit Consultants in 2007 – a credit education service aimed at helping clients understand credit reports and communicate properly with them. credit bureaus.
In 2013, Arnita started Luxurious Credit, a financial education blog that helps women become more financial and investing conscious; this, in turn, helps them to live luxurious lifestyles. From her path, you’ll notice that Arnita’s main focus is education.
If more people are aware of how their credit scores affect the quality of their lives, there will be fewer people with bad credit scores today. Most people don’t realize it until it’s too late, and that’s what Arnita is up against!
How bad credit reports affect you:
Today, most people have the notion that their credit report is accurate and free from blunder – while no other statement could be further from the truth! According to recent studies, 79% of all credit reports contain errors, and 25% of these errors can result in an individual being denied credit.
“With over 68 million people in this country with bad credit or adverse scores, one can’t help but wonder how many of them are being denied credit and access to wealth creation in due to errors posted by the credit bureaus on their credit. reports. ”Arnita shares.
This is why it is essential to have at least a good knowledge of reading credit reports in order to correct any inaccuracies in them.
Arnita’s Top Tips for Fixing Bad Credit Reports
First of all, Arnita urges anyone looking for good credit to make a habit of checking their spending at the end of each week. This will help a lot in the long run as they will observe reckless spending habits and reduce unwanted bills. When you save, you are setting aside money that you wouldn’t otherwise spend. The habit of spending continuously over a long period of time can create poor credit.
On top of that, another vital habit she recommends is creating a budget and knowing your debt-to-income ratio. It’s important to keep track of what is happening and what is happening and what you can afford to pay when looking to apply for credit.
Another recommended way to improve your credit report is to understand that just because information is being reported on your credit reports doesn’t mean it is correct. It is best to monitor your credit at least once a month and if there is any inaccuracy, immediately dispute with the credit bureaus. Also, don’t be afraid to go to the source to get the information corrected. For example, if your credit card company reports an incorrect balance, contact them so they can update it correctly and report it to the credit bureaus.
Although we talked about how habits affect credit in a previous paragraph, there is yet another harmful habit that people can’t seem to overcome; pay late bills. Over the years, Arnita has met countless women who share that the problem isn’t how much they’re supposed to pay, but how they forget to pay their bills. To help overcome this, Arnita suggests that you pay your bills quickly or sign up for automatic drafting. Electronic invoices are a more preferred option these days as they help tremendously in the process of recording your expenses.
Additionally, she recommends paying your bills on time, especially those that are reported on your credit report. It is essential not to be more than 30 days late in paying your bills, as this will negatively impact your credit report and your credit rating.
The word “bad credit” shouldn’t always bring you to your knees. Having a good knowledge of how the credit industry works should help you clear up any doubts and issues you have with your credit reports, and that’s what Certified Credit Consultant Arnita Hall Johnson aims to do – Improve Your Knowledge on the credit sector.