“Credit Issues can be an Uncomfortable Conversation”
Thank you for copying me on the email regarding Denise's credit. That is what I was expecting. When we get together please understand that she is very sensitive about her poor credit. Hopefully she will accept your coaching and get herself back on the right track.
Believe me I understand this email and am very sensitive to how someone is feeling, but remember “It is not what you say, it is how you say what you say”. For most this topic is very personal and there is the feeling of shame, embarrassment and that no one understands.
It is my responsibility to explain that this is where we are right now, as you can’t become aware if you don’t know where you are. This part is tough, as many don’t want to know or don’t want others to see where they are.
The next step is where a lot of discussion takes place, first are all the items that are derogatory correct? If there are items that show in default or collection, is that really the case? If there are errors the credit bureaus need to be given evidence that an outstanding obligation has been paid or is reported incorrectly.
Once that part is out of the way and there are still items that are in collection or reporting derogatory information, how do we start fixing these items? They will need to contact the creditor or the collection company and literally play, “Let’s make a deal”. I always recommend starting with the smallest obligations first.
In most cases folks can start seeing improvement pretty quickly, especially if they are fully committed.
Image courtesy of StuartMiles/freedigitalphotos.net
Subscribe to my blog via Email:
Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.