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How Do I Fix My Credit After a Missed Payment? · Becoming Financially Confident

• 0:37
  That
• 0:37
  missed
• 0:38
  payment
• 0:38
  feels
• 0:38
  louder
• 0:39
  than
• 0:39
  it
• 0:39
  should,
• 0:39
  doesn't
• 0:39
  it?
• 0:41
  It's
• 0:41
  not
• 0:41
  just
• 0:41
  the
• 0:42
  number
• 0:42
  dropping,
• 0:43
  it's
• 0:44
  the
• 0:44
  shame.
• 0:45
  It's
• 0:46
  that
• 0:46
  sinking
• 0:47
  feeling
• 0:47
  of,
• 0:47
  man,
• 0:47
  I
• 0:47
  messed
• 0:48
  up
• 0:48
  again
• 0:49
  and
• 0:49
  now
• 0:49
  it's
• 0:50
  on
• 0:50
  my
• 0:50
  record
• 0:50
  forever.
• 0:52
  And
• 0:52
  the
• 0:52
  fear
• 0:53
  behind
• 0:53
  that's
• 0:53
  real.
• 0:55
  What
• 0:55
  if
• 0:55
  I
• 0:55
  can't
• 0:56
  fix
• 0:56
  this?
• 0:57
  What
• 0:58
  if
• 0:58
  this
• 0:58
  follows
• 0:58
  me
• 0:58
  for
• 0:59
  years?
• 1:01
  Friend,
• 1:01
  hear
• 1:01
  me
• 1:02
  right
• 1:02
  now.
• 1:02
  One
• 1:02
  missed
• 1:03
  payment
• 1:03
  is
• 1:03
  not
• 1:03
  your
• 1:04
  identity.
• 1:06
  So
• 1:06
  today
• 1:06
  I'm
• 1:06
  going
• 1:06
  to
• 1:06
  give
• 1:06
  you
• 1:07
  a
• 1:07
  clean
• 1:07
  path
• 1:07
  forward
• 1:07
  that
• 1:08
  repairs
• 1:08
  damage
• 1:09
  without
• 1:10
  taking
• 1:10
  on
• 1:10
  new
• 1:11
  debt.
• 1:32
  Hello,
• 1:33
  friend,
• 1:33
  Ralph
• 1:33
  Estep
• 1:34
  Jr.
• 1:34
  Here.
• 1:35
  This
• 1:35
  is
• 1:35
  financially
• 1:36
  confident
• 1:36
  Christian,
• 1:37
  where
• 1:37
  every
• 1:38
  day
• 1:38
  my
• 1:38
  goal
• 1:38
  is
• 1:38
  to
• 1:39
  help
• 1:39
  you
• 1:39
  break
• 1:39
  that
• 1:40
  cycle
• 1:40
  of
• 1:40
  financial
• 1:41
  shame
• 1:42
  and
• 1:42
  do
• 1:42
  it
• 1:42
  with
• 1:42
  confidence.
• 1:44
  And
• 1:44
  today's
• 1:44
  topic
• 1:45
  hits
• 1:45
  so
• 1:45
  many
• 1:46
  of
• 1:46
  us
• 1:47
  and
• 1:47
  that's
• 1:47
  fixing
• 1:48
  your
• 1:48
  credit
• 1:48
  after
• 1:49
  a
• 1:49
  missed
• 1:49
  payment.
• 1:50
  How
• 1:51
  many
• 1:51
  times
• 1:51
  have
• 1:51
  I
• 1:52
  done
• 1:52
  that?
• 1:52
  I
• 1:52
  think
• 1:52
  back.
• 1:53
  You
• 1:53
  probably
• 1:54
  think
• 1:54
  the
• 1:54
  same
• 1:54
  thing.
• 1:54
  Well,
• 1:55
  let's
• 1:55
  get
• 1:55
  into
• 1:55
  today's
• 1:56
  listener
• 1:56
  question.
• 1:57
  Today's
• 1:58
  listener
• 1:58
  question
• 1:58
  said
• 1:58
  this,
• 1:59
  Ralph,
• 2:00
  my
• 2:00
  credit
• 2:00
  took
• 2:00
  a
• 2:00
  hit
• 2:01
  from
• 2:01
  a
• 2:01
  missed
• 2:01
  payment
• 2:02
  and
• 2:02
  I'm
• 2:03
  kicking
• 2:03
  myself
• 2:03
  over
• 2:04
  it.
• 2:05
  I
• 2:05
  feel
• 2:05
  embarrassed
• 2:06
  and
• 2:06
  honestly
• 2:07
  kind
• 2:07
  of
• 2:07
  lost
• 2:07
  about
• 2:08
  what
• 2:08
  to
• 2:08
  do
• 2:08
  next.
• 2:09
  I
• 2:10
  don't
• 2:10
  want
• 2:10
  to
• 2:10
  take
• 2:10
  on
• 2:10
  more
• 2:11
  debt
• 2:11
  trying
• 2:11
  to
• 2:11
  fix
• 2:12
  this,
• 2:12
  but
• 2:13
  I
• 2:13
  also
• 2:13
  can't
• 2:14
  just
• 2:14
  ignore
• 2:14
  it.
• 2:15
  What
• 2:15
  are
• 2:16
  the
• 2:16
  real
• 2:16
  steps
• 2:16
  I
• 2:17
  can
• 2:17
  take
• 2:17
  right
• 2:17
  now
• 2:18
  to
• 2:18
  start
• 2:18
  repairing
• 2:19
  the
• 2:19
  damage?
• 2:20
  I
• 2:21
  need
• 2:21
  a
• 2:21
  path
• 2:21
  forward
• 2:22
  that
• 2:22
  doesn't
• 2:23
  involve
• 2:23
  more
• 2:24
  borrowing.
• 2:25
  I'm
• 2:26
  just
• 2:26
  going
• 2:26
  to
• 2:26
  pause
• 2:26
  for
• 2:26
  a
• 2:27
  second
• 2:27
  because
• 2:28
  you've
• 2:28
  already
• 2:28
  answered
• 2:29
  your
• 2:29
  own
• 2:29
  question.
• 2:30
  The
• 2:31
  number
• 2:31
  one
• 2:31
  thing
• 2:32
  you
• 2:32
  don't
• 2:32
  want
• 2:32
  to
• 2:32
  do
• 2:33
  is
• 2:33
  go
• 2:34
  borrow
• 2:34
  more.
• 2:36
  I
• 2:36
  caught
• 2:36
  myself
• 2:37
  doing
• 2:37
  that
• 2:37
  when
• 2:37
  I
• 2:37
  was
• 2:37
  in
• 2:37
  college
• 2:38
  and
• 2:38
  never
• 2:38
  forget,
• 2:38
  I
• 2:38
  had
• 2:38
  missed
• 2:39
  a
• 2:39
  credit
• 2:39
  card
• 2:39
  payment.
• 2:40
  What
• 2:40
  did
• 2:40
  I
• 2:40
  do?
• 2:41
  What
• 2:41
  a
• 2:41
  knucklehead
• 2:41
  thing
• 2:42
  to
• 2:42
  do.
• 2:42
  I
• 2:42
  went
• 2:42
  out
• 2:42
  and
• 2:43
  made
• 2:43
  an
• 2:43
  advance
• 2:44
  on
• 2:44
  another
• 2:44
  credit
• 2:44
  card
• 2:45
  to
• 2:45
  make
• 2:45
  the
• 2:45
  payment
• 2:45
  on
• 2:45
  the
• 2:45
  1st.
• 2:47
  That
• 2:47
  was
• 2:47
  a
• 2:47
  bad
• 2:47
  plan.
• 2:49
  See,
• 2:49
  today's
• 2:50
  big
• 2:50
  idea
• 2:50
  is
• 2:50
  this.
• 2:51
  Credit
• 2:51
  heals
• 2:52
  fastest
• 2:52
  when
• 2:52
  you
• 2:52
  build
• 2:53
  trust
• 2:55
  one
• 2:55
  time
• 2:56
  a
• 2:56
  month
• 2:57
  at
• 2:57
  a
• 2:57
  time.
• 2:58
  Well,
• 2:58
  how
• 2:58
  do
• 2:58
  you
• 2:59
  do
• 2:59
  that?
• 3:00
  Number
• 3:00
  one
• 3:00
  thing
• 3:00
  you've
• 3:00
  got
• 3:01
  to
• 3:01
  do
• 3:01
  is
• 3:01
  get
• 3:02
  current
• 3:02
  and
• 3:03
  stay
• 3:03
  current.
• 3:04
  Your
• 3:04
  first
• 3:05
  priority
• 3:05
  is
• 3:05
  to
• 3:06
  bring
• 3:06
  the
• 3:06
  account
• 3:06
  to
• 3:07
  paid
• 3:07
  as
• 3:07
  agreed.
• 3:08
  Now
• 3:08
  that's
• 3:08
  a
• 3:08
  fancy
• 3:09
  way
• 3:09
  of
• 3:09
  saying
• 3:09
  that
• 3:10
  it's
• 3:10
  on
• 3:11
  time
• 3:11
  payment.
• 3:11
  It's
• 3:12
  not
• 3:12
  behind,
• 3:14
  but
• 3:14
  maybe
• 3:14
  right
• 3:14
  now
• 3:15
  you
• 3:15
  feel
• 3:15
  like
• 3:15
  you're
• 3:15
  still
• 3:16
  behind.
• 3:17
  What
• 3:17
  you
• 3:17
  want
• 3:18
  to
• 3:18
  do
• 3:18
  is
• 3:18
  pay
• 3:18
  the
• 3:19
  past
• 3:19
  due
• 3:19
  amount
• 3:19
  as
• 3:20
  soon
• 3:20
  as
• 3:20
  possible.
• 3:21
  As
• 3:21
  soon
• 3:22
  as
• 3:22
  you
• 3:22
  have
• 3:22
  that.
• 3:22
  Now
• 3:22
  listen,
• 3:23
  don't
• 3:23
  go
• 3:23
  out
• 3:23
  there
• 3:24
  and
• 3:24
  overdraft
• 3:25
  your
• 3:25
  checking
• 3:25
  account
• 3:26
  to
• 3:26
  make
• 3:26
  the
• 3:27
  credit
• 3:27
  card
• 3:27
  payment.
• 3:27
  You're
• 3:28
  just
• 3:28
  going
• 3:28
  to
• 3:28
  make
• 3:28
  the
• 3:28
  situation
• 3:29
  worse.
• 3:30
  But
• 3:30
  as
• 3:30
  soon
• 3:31
  as
• 3:31
  you're
• 3:31
  able
• 3:31
  to
• 3:31
  do
• 3:32
  it.
• 3:32
  Pay
• 3:33
  back
• 3:33
  that
• 3:33
  past
• 3:33
  due
• 3:34
  amount
• 3:34
  right
• 3:35
  away.
• 3:35
  Don't
• 3:35
  wait
• 3:35
  for
• 3:35
  the
• 3:36
  next
• 3:36
  billing
• 3:36
  cycle.
• 3:37
  Don't
• 3:37
  wait
• 3:38
  for
• 3:38
  two
• 3:38
  weeks.
• 3:38
  If
• 3:39
  you've
• 3:39
  got
• 3:39
  the
• 3:39
  money
• 3:39
  to
• 3:40
  do
• 3:40
  it,
• 3:40
  do
• 3:40
  it
• 3:40
  now.
• 3:42
  And
• 3:42
  then
• 3:42
  make
• 3:42
  sure
• 3:43
  you
• 3:43
  pay
• 3:43
  the
• 3:43
  current
• 3:43
  month
• 3:44
  on
• 3:44
  time
• 3:45
  because
• 3:46
  your
• 3:46
  score
• 3:46
  can't
• 3:47
  recover
• 3:47
  while
• 3:47
  the
• 3:47
  account
• 3:48
  keeps
• 3:48
  reporting
• 3:48
  late.
• 3:49
  I've
• 3:49
  seen
• 3:49
  that.
• 3:50
  I
• 3:50
  used
• 3:50
  to
• 3:50
  work
• 3:50
  as
• 3:51
  a
• 3:51
  executive
• 3:51
  of
• 3:52
  credit
• 3:52
  union
• 3:53
  and
• 3:53
  one
• 3:53
  of
• 3:53
  the
• 3:53
  things
• 3:54
  I
• 3:54
  noticed
• 3:54
  sometimes
• 3:55
  I
• 3:55
  could
• 3:55
  almost
• 3:56
  see
• 3:56
  a
• 3:56
  history
• 3:56
  starting.
• 3:57
  A
• 3:57
  member
• 3:58
  would
• 3:58
  miss
• 3:58
  a
• 3:58
  payment
• 3:59
  and
• 3:59
  then
• 3:59
  they'd
• 4:00
  miss
• 4:00
  another
• 4:00
  payment
• 4:01
  and
• 4:01
  at
• 4:01
  some
• 4:01
  point
• 4:01
  it
• 4:02
  just
• 4:02
  became
• 4:02
  this
• 4:02
  snowball.
• 4:04
  But
• 4:04
  that's
• 4:04
  not
• 4:04
  a
• 4:04
  good
• 4:05
  way
• 4:05
  to
• 4:05
  handle
• 4:05
  it.
• 4:06
  So
• 4:06
  stop
• 4:07
  the
• 4:07
  bleeding
• 4:07
  first.
• 4:08
  Do
• 4:08
  the
• 4:08
  triage.
• 4:09
  Get
• 4:09
  caught
• 4:10
  up
• 4:10
  and
• 4:11
  then
• 4:11
  put
• 4:11
  that
• 4:11
  on
• 4:11
  your
• 4:11
  calendar
• 4:12
  to
• 4:13
  make
• 4:13
  sure
• 4:13
  you're
• 4:14
  on
• 4:14
  time
• 4:15
  right
• 4:15
  away.
• 4:16
  Now
• 4:16
  here's
• 4:16
  something
• 4:16
  a
• 4:16
  lot
• 4:16
  of
• 4:17
  people
• 4:17
  don't
• 4:17
  think
• 4:17
  about.
• 4:18
  You
• 4:18
  can
• 4:18
  call
• 4:19
  and
• 4:19
  ask
• 4:19
  for
• 4:19
  goodwill
• 4:20
  removal.
• 4:21
  Yes,
• 4:21
  you
• 4:21
  can
• 4:21
  really
• 4:22
  call
• 4:22
  them.
• 4:23
  Be
• 4:23
  calm,
• 4:24
  be
• 4:24
  honest,
• 4:25
  and
• 4:25
  be
• 4:26
  brief.
• 4:26
  Send
• 4:26
  me
• 4:26
  something
• 4:26
  like
• 4:27
  this.
• 4:27
  Hey,
• 4:27
  I
• 4:27
  missed
• 4:27
  this
• 4:28
  payment.
• 4:29
  I'm
• 4:29
  current
• 4:29
  now.
• 4:30
  I've
• 4:30
  been
• 4:30
  a
• 4:30
  good
• 4:30
  customer
• 4:31
  for
• 4:31
  a
• 4:31
  long
• 4:31
  time.
• 4:32
  Would
• 4:32
  you
• 4:33
  consider
• 4:33
  removing
• 4:33
  that
• 4:34
  late
• 4:34
  mark
• 4:34
  as
• 4:34
  a
• 4:35
  goodwill
• 4:35
  adjustment?
• 4:37
  It
• 4:37
  amazed
• 4:37
  me
• 4:38
  how
• 4:38
  many
• 4:38
  people
• 4:38
  never
• 4:38
  asked
• 4:39
  a
• 4:39
  question.
• 4:39
  We
• 4:39
  were
• 4:40
  happy
• 4:40
  to
• 4:40
  do
• 4:40
  it
• 4:40
  when
• 4:40
  I
• 4:40
  were
• 4:41
  in
• 4:41
  a
• 4:41
  credit
• 4:41
  union.
• 4:42
  Now,
• 4:42
  if
• 4:42
  you
• 4:42
  had
• 4:43
  constantly
• 4:43
  been
• 4:43
  making
• 4:44
  late
• 4:44
  payments
• 4:44
  every
• 4:45
  month,
• 4:45
  I
• 4:45
  don't
• 4:45
  know
• 4:46
  that
• 4:46
  I'm
• 4:46
  going
• 4:46
  to
• 4:46
  do
• 4:46
  it.
• 4:47
  But
• 4:47
  if
• 4:47
  I
• 4:48
  looked
• 4:48
  at
• 4:48
  a
• 4:48
  particular
• 4:48
  person
• 4:49
  and
• 4:49
  I
• 4:49
  saw
• 4:49
  this
• 4:50
  is
• 4:50
  the
• 4:50
  first
• 4:50
  time
• 4:50
  they've
• 4:51
  had
• 4:51
  a
• 4:51
  bump
• 4:51
  in
• 4:51
  the
• 4:51
  road,
• 4:51
  or
• 4:52
  even
• 4:52
  the
• 4:52
  first
• 4:53
  time
• 4:53
  they've
• 4:53
  had
• 4:53
  a
• 4:53
  bump
• 4:53
  in
• 4:53
  a
• 4:54
  road
• 4:54
  in
• 4:54
  a
• 4:54
  while,
• 4:55
  they
• 4:56
  will
• 4:56
  do
• 4:56
  this.
• 4:57
  And
• 4:58
  even
• 4:58
  if
• 4:58
  they
• 4:58
  say
• 4:59
  no,
• 5:00
  ask
• 5:00
  again.
• 5:01
  You
• 5:02
  can
• 5:02
  ask
• 5:02
  to
• 5:02
  speak
• 5:02
  to
• 5:02
  a
• 5:03
  supervisor
• 5:03
  or
• 5:04
  even
• 5:04
  send
• 5:04
  the
• 5:04
  same
• 5:04
  request
• 5:05
  in
• 5:05
  writing.
• 5:07
  And
• 5:07
  it
• 5:07
  doesn't
• 5:08
  always
• 5:08
  work.
• 5:08
  I
• 5:08
  wish
• 5:08
  I
• 5:08
  could
• 5:09
  tell
• 5:09
  you
• 5:09
  that
• 5:09
  every
• 5:09
  time
• 5:09
  this
• 5:10
  happened,
• 5:10
  it
• 5:11
  works,
• 5:11
  but
• 5:11
  when
• 5:11
  it
• 5:12
  does,
• 5:13
  it's
• 5:13
  a
• 5:13
  gift.
• 5:13
  And
• 5:13
  hey,
• 5:14
  everybody
• 5:14
  likes
• 5:14
  a
• 5:14
  gift,
• 5:15
  right?
• 5:16
  Here's
• 5:16
  another
• 5:16
  thing
• 5:17
  I'm
• 5:17
  going
• 5:17
  to
• 5:17
  encourage
• 5:17
  you
• 5:17
  to
• 5:17
  do.
• 5:18
  I
• 5:18
  talked
• 5:18
  a
• 5:18
  little
• 5:18
  bit
• 5:18
  about
• 5:18
  this
• 5:19
  yesterday
• 5:19
  and
• 5:20
  that's
• 5:20
  put
• 5:20
  every
• 5:21
  bill
• 5:21
  on
• 5:22
  rails,
• 5:23
  you
• 5:23
  might
• 5:23
  be
• 5:24
  saying,
• 5:24
  Ralph.
• 5:24
  What
• 5:24
  are
• 5:24
  you
• 5:24
  talking
• 5:24
  about,
• 5:25
  rails?
• 5:26
  A
• 5:26
  missed
• 5:26
  payment
• 5:27
  usually
• 5:27
  isn't
• 5:27
  a
• 5:28
  money
• 5:28
  problem.
• 5:28
  It's
• 5:29
  the
• 5:29
  thing
• 5:29
  that
• 5:29
  amazes
• 5:30
  me
• 5:30
  how
• 5:30
  many
• 5:30
  times
• 5:31
  I
• 5:31
  think
• 5:31
  about
• 5:31
  my
• 5:31
  own
• 5:32
  life,
• 5:32
  how
• 5:32
  many
• 5:32
  times
• 5:32
  I've
• 5:33
  missed
• 5:33
  a
• 5:33
  payment
• 5:34
  and
• 5:34
  I
• 5:34
  had
• 5:34
  the
• 5:35
  money
• 5:35
  in
• 5:35
  my
• 5:35
  account.
• 5:36
  The
• 5:37
  system
• 5:37
  was
• 5:37
  broken.
• 5:38
  It's
• 5:39
  a
• 5:39
  systems
• 5:39
  problem.
• 5:41
  So
• 5:41
  how
• 5:41
  do
• 5:41
  you
• 5:42
  fix
• 5:42
  the
• 5:42
  system?
• 5:42
  One
• 5:43
  of
• 5:43
  the
• 5:43
  things
• 5:43
  that
• 5:43
  I
• 5:43
  highly
• 5:44
  recommend
• 5:44
  is
• 5:45
  turning
• 5:45
  on
• 5:45
  auto
• 5:46
  pay
• 5:46
  for
• 5:46
  the
• 5:46
  minimum
• 5:47
  payment
• 5:47
  only
• 5:47
  for
• 5:48
  every
• 5:48
  single
• 5:49
  credit
• 5:49
  card.
• 5:50
  Every
• 5:50
  single
• 5:50
  loan
• 5:51
  you
• 5:51
  have.
• 5:51
  Now,
• 5:52
  I'm
• 5:52
  not
• 5:52
  saying
• 5:52
  go
• 5:52
  and
• 5:53
  only
• 5:53
  make
• 5:53
  the
• 5:53
  minimum
• 5:53
  payment.
• 5:54
  Don't
• 5:54
  you
• 5:54
  not
• 5:54
  hear
• 5:55
  me
• 5:55
  saying
• 5:55
  that?
• 5:56
  What
• 5:56
  I
• 5:56
  am
• 5:56
  saying
• 5:57
  is
• 5:57
  at
• 5:57
  a
• 5:58
  bare
• 5:58
  minimum,
• 5:59
  put
• 5:59
  it
• 5:59
  in
• 6:00
  for
• 6:00
  auto
• 6:00
  pay
• 6:00
  for
• 6:01
  the
• 6:01
  minimum
• 6:01
  payment
• 6:02
  and
• 6:02
  then
• 6:02
  set
• 6:03
  a
• 6:03
  calendar
• 6:03
  reminder.
• 6:04
  Listen,
• 6:04
  we
• 6:04
  all
• 6:04
  have
• 6:04
  automatic
• 6:05
  calendars
• 6:06
  on
• 6:06
  our
• 6:06
  phones
• 6:06
  and
• 6:07
  apps.
• 6:08
  Set
• 6:08
  a
• 6:08
  reminder
• 6:09
  seven
• 6:09
  days
• 6:09
  before
• 6:10
  the
• 6:10
  due
• 6:10
  date.
• 6:11
  Then
• 6:11
  set
• 6:11
  another
• 6:12
  reminder
• 6:12
  two
• 6:13
  days
• 6:13
  before
• 6:13
  the
• 6:13
  due
• 6:13
  date.
• 6:15
  Here's
• 6:15
  another
• 6:15
  thing,
• 6:15
  a
• 6:16
  little
• 6:16
  key
• 6:16
  takeaway.
• 6:17
  Keep
• 6:17
  one
• 6:18
  bills
• 6:18
  buffer
• 6:18
  in
• 6:18
  your
• 6:19
  checking
• 6:19
  account.
• 6:19
  Even
• 6:20
  if
• 6:20
  just
• 6:20
  $100,
• 6:22
  that
• 6:22
  little
• 6:22
  buffer
• 6:23
  can
• 6:23
  really
• 6:23
  help
• 6:23
  you
• 6:24
  because
• 6:24
  that
• 6:24
  auto
• 6:24
  pay
• 6:25
  prevents
• 6:26
  late
• 6:26
  those
• 6:27
  reminders
• 6:27
  prevent
• 6:28
  those
• 6:28
  oops
• 6:29
  moments.
• 6:29
  And
• 6:30
  let
• 6:30
  me
• 6:30
  tell
• 6:30
  you
• 6:30
  right
• 6:30
  now
• 6:30
  from
• 6:31
  personal
• 6:31
  experience,
• 6:32
  that
• 6:32
  buffer
• 6:33
  prevents
• 6:33
  that
• 6:33
  insufficient
• 6:34
  funds
• 6:35
  thing
• 6:35
  where
• 6:35
  they
• 6:35
  nail
• 6:35
  you
• 6:36
  with
• 6:36
  another
• 6:36
  fee.
• 6:38
  Here's
• 6:38
  another
• 6:38
  thing.
• 6:38
  While
• 6:38
  we're
• 6:39
  talking
• 6:39
  about
• 6:39
  credit,
• 6:40
  protect
• 6:41
  your
• 6:41
  utilization.
• 6:43
  This
• 6:44
  is
• 6:44
  the
• 6:44
  fastest
• 6:44
  leather
• 6:45
  you
• 6:45
  can
• 6:45
  control
• 6:46
  with
• 6:46
  your
• 6:47
  credit.
• 6:47
  It's
• 6:47
  a
• 6:47
  lever
• 6:48
  that
• 6:48
  a
• 6:48
  lot
• 6:48
  of
• 6:48
  people
• 6:48
  don't
• 6:48
  think
• 6:48
  about.
• 6:49
  If
• 6:49
  you've
• 6:49
  got
• 6:49
  credit
• 6:50
  cards.
• 6:51
  And
• 6:51
  this
• 6:51
  amazes
• 6:51
  people
• 6:52
  when
• 6:52
  I
• 6:52
  tell
• 6:52
  them
• 6:52
  this,
• 6:53
  keep
• 6:53
  the
• 6:54
  balance
• 6:54
  that
• 6:55
  that
• 6:55
  which
• 6:55
  you
• 6:55
  owe
• 6:56
  below
• 6:56
  30%
• 6:57
  of
• 6:57
  the
• 6:57
  limit.
• 6:59
  And
• 6:59
  if
• 6:59
  you
• 6:59
  can,
• 6:59
  here's
• 7:00
  an
• 7:00
  even
• 7:00
  better
• 7:00
  thing
• 7:01
  to
• 7:01
  do.
• 7:02
  Keep
• 7:02
  it
• 7:02
  below
• 7:02
  10%.
• 7:04
  You
• 7:04
  may
• 7:05
  be
• 7:05
  saying,
• 7:05
  ralph,
• 7:05
  what's
• 7:05
  the
• 7:05
  point
• 7:06
  of
• 7:06
  having
• 7:06
  a
• 7:06
  credit
• 7:06
  card?
• 7:07
  It's
• 7:08
  a
• 7:08
  valid
• 7:08
  point,
• 7:08
  but
• 7:09
  here's
• 7:09
  the
• 7:09
  thing.
• 7:10
  It
• 7:10
  will
• 7:10
  affect
• 7:11
  your
• 7:11
  credit
• 7:11
  score
• 7:12
  if
• 7:12
  you
• 7:12
  constantly
• 7:13
  have
• 7:13
  your
• 7:14
  utilization
• 7:14
  ratio.
• 7:15
  It's
• 7:15
  a
• 7:15
  fancy
• 7:16
  way
• 7:16
  of
• 7:16
  saying
• 7:16
  it
• 7:16
  over
• 7:17
  30%,
• 7:18
  but
• 7:18
  when
• 7:19
  it's
• 7:19
  under
• 7:19
  30%
• 7:20
  or
• 7:20
  even
• 7:20
  under
• 7:20
  10%,
• 7:22
  your
• 7:22
  credit
• 7:22
  score
• 7:23
  will
• 7:23
  soar.
• 7:25
  You
• 7:25
  might
• 7:25
  be
• 7:25
  saying,
• 7:25
  ralph,
• 7:26
  how
• 7:26
  do
• 7:26
  I
• 7:26
  do
• 7:26
  that?
• 7:26
  Here's
• 7:27
  two
• 7:27
  simple
• 7:27
  things
• 7:27
  you
• 7:27
  can
• 7:28
  do.
• 7:28
  And
• 7:29
  my,
• 7:29
  my
• 7:29
  oldest
• 7:29
  son
• 7:30
  loves
• 7:30
  to
• 7:30
  do
• 7:30
  this.
• 7:31
  You
• 7:31
  can
• 7:31
  make
• 7:31
  a
• 7:31
  mid
• 7:32
  month
• 7:32
  payment
• 7:32
  before
• 7:32
  the
• 7:33
  statement
• 7:33
  even
• 7:33
  closes.
• 7:34
  Just
• 7:35
  do
• 7:35
  it
• 7:35
  mid
• 7:35
  month.
• 7:35
  If
• 7:36
  you
• 7:36
  get
• 7:36
  paid
• 7:36
  every
• 7:36
  two
• 7:37
  weeks,
• 7:37
  pay
• 7:38
  your
• 7:38
  bills
• 7:38
  every
• 7:38
  two
• 7:39
  weeks,
• 7:39
  there's
• 7:39
  no
• 7:39
  problem
• 7:40
  with
• 7:40
  doing
• 7:40
  that.
• 7:41
  And
• 7:41
  if
• 7:41
  you
• 7:41
  can't
• 7:42
  pay
• 7:42
  extra,
• 7:44
  at
• 7:44
  least
• 7:44
  stop
• 7:44
  the
• 7:45
  balance
• 7:45
  from
• 7:45
  rising.
• 7:47
  Hey,
• 7:47
  it
• 7:47
  might
• 7:47
  be
• 7:47
  a
• 7:47
  time
• 7:48
  where
• 7:48
  you
• 7:48
  have
• 7:48
  to
• 7:48
  live
• 7:48
  in
• 7:48
  a
• 7:48
  season
• 7:49
  of
• 7:49
  not
• 7:49
  spending,
• 7:50
  you
• 7:50
  might
• 7:50
  to
• 7:50
  make
• 7:50
  some
• 7:50
  tougher
• 7:51
  decisions.
• 7:51
  We've
• 7:51
  talked
• 7:52
  about
• 7:52
  how
• 7:52
  to
• 7:52
  live
• 7:53
  a
• 7:53
  little
• 7:53
  more
• 7:53
  frugally,
• 7:55
  but
• 7:55
  that
• 7:55
  lower
• 7:56
  utilization
• 7:56
  often
• 7:57
  helps
• 7:57
  scores
• 7:58
  even
• 7:58
  while
• 7:58
  the
• 7:58
  late
• 7:59
  mark
• 7:59
  is
• 7:59
  still
• 7:59
  in
• 7:59
  your
• 7:59
  file.
• 8:00
  So
• 8:00
  even
• 8:00
  if
• 8:00
  you've
• 8:00
  made
• 8:00
  that
• 8:01
  late
• 8:01
  payment,
• 8:01
  that's
• 8:02
  what
• 8:02
  I'm
• 8:02
  really
• 8:02
  leaning
• 8:02
  into
• 8:02
  today.
• 8:03
  Even
• 8:04
  if
• 8:04
  you've
• 8:04
  made
• 8:04
  that
• 8:04
  late
• 8:05
  payment,
• 8:05
  you
• 8:06
  want
• 8:06
  to
• 8:06
  get
• 8:06
  that
• 8:06
  credit
• 8:07
  score
• 8:07
  back.
• 8:08
  Look
• 8:08
  at
• 8:08
  your
• 8:08
  utilizations.
• 8:10
  And
• 8:10
  while
• 8:10
  you're
• 8:11
  doing
• 8:11
  that,
• 8:11
  check
• 8:12
  your
• 8:12
  credit
• 8:12
  report
• 8:13
  and
• 8:13
  correct
• 8:14
  mistakes.
• 8:15
  Listen,
• 8:16
  one
• 8:16
  missed
• 8:16
  payment
• 8:17
  is
• 8:17
  one
• 8:17
  thing,
• 8:19
  but
• 8:19
  errors
• 8:19
  happen
• 8:20
  on
• 8:20
  credit
• 8:20
  reports.
• 8:20
  Trust
• 8:21
  me,
• 8:21
  I've
• 8:21
  been
• 8:21
  in
• 8:21
  this
• 8:21
  industry
• 8:22
  for
• 8:22
  a
• 8:22
  long
• 8:22
  time.
• 8:24
  Pull
• 8:24
  your
• 8:24
  credit
• 8:25
  report
• 8:25
  every
• 8:25
  single
• 8:26
  year.
• 8:26
  You
• 8:26
  can
• 8:26
  go
• 8:27
  get
• 8:27
  a
• 8:27
  free
• 8:27
  copy
• 8:28
  of
• 8:28
  your
• 8:28
  credit
• 8:28
  report
• 8:29
  every
• 8:29
  year
• 8:30
  and
• 8:30
  read
• 8:31
  that
• 8:31
  thing
• 8:31
  like
• 8:31
  a
• 8:32
  book.
• 8:32
  Look
• 8:32
  at
• 8:32
  everything,
• 8:33
  every
• 8:33
  single
• 8:34
  thing
• 8:34
  on
• 8:34
  it.
• 8:35
  Look
• 8:35
  at
• 8:35
  late
• 8:35
  payments,
• 8:36
  look
• 8:36
  at
• 8:36
  the
• 8:36
  amounts,
• 8:37
  look
• 8:37
  at
• 8:37
  the
• 8:37
  status.
• 8:39
  And
• 8:39
  if
• 8:40
  anything
• 8:40
  is
• 8:40
  wrong
• 8:41
  right
• 8:42
  away,
• 8:42
  dispute
• 8:43
  it.
• 8:44
  This
• 8:44
  isn't
• 8:44
  about
• 8:44
  being
• 8:45
  emotional,
• 8:45
  it's
• 8:46
  just
• 8:46
  being
• 8:46
  factual.
• 8:47
  You
• 8:48
  can
• 8:48
  dispute
• 8:48
  these
• 8:48
  things
• 8:49
  and
• 8:49
  I
• 8:49
  encourage
• 8:49
  you
• 8:49
  because
• 8:50
  here's
• 8:50
  a
• 8:50
  little
• 8:50
  insider
• 8:51
  secret.
• 8:52
  A
• 8:52
  lot
• 8:53
  of
• 8:53
  times
• 8:53
  you
• 8:53
  can
• 8:53
  dispute
• 8:54
  something,
• 8:54
  get
• 8:54
  it
• 8:54
  off
• 8:54
  your
• 8:55
  credit,
• 8:55
  because
• 8:55
  guess
• 8:56
  what,
• 8:56
  the
• 8:57
  lender
• 8:57
  doesn't
• 8:57
  even
• 8:58
  respond.
• 9:00
  So
• 9:00
  do
• 9:00
  that.
• 9:02
  Because
• 9:02
  here's
• 9:03
  the
• 9:03
  thing,
• 9:03
  here's
• 9:03
  my
• 9:03
  biggest
• 9:04
  piece
• 9:04
  of
• 9:04
  encouragement
• 9:05
  for
• 9:05
  today.
• 9:05
  One
• 9:06
  mistake
• 9:06
  doesn't
• 9:07
  cancel
• 9:07
  a
• 9:07
  faithful
• 9:08
  comeback.
• 9:09
  I've
• 9:09
  seen
• 9:10
  people
• 9:10
  destroy
• 9:11
  their
• 9:11
  credit
• 9:11
  card
• 9:11
  or
• 9:11
  credit
• 9:12
  report.
• 9:12
  I'm
• 9:12
  talking
• 9:12
  about
• 9:13
  horrible
• 9:14
  bankruptcy
• 9:15
  charge
• 9:15
  offs.
• 9:17
  You
• 9:17
  can
• 9:17
  recover
• 9:18
  from
• 9:18
  that.
• 9:19
  You
• 9:19
  just
• 9:19
  have
• 9:20
  to
• 9:20
  start
• 9:20
  today
• 9:20
  and
• 9:21
  rebuild
• 9:21
  from
• 9:21
  that.
• 9:23
  So
• 9:23
  here's
• 9:23
  my
• 9:23
  big
• 9:23
  win
• 9:24
  for
• 9:24
  today.
• 9:24
  Not
• 9:24
  really
• 9:25
  a
• 9:25
  big
• 9:25
  win,
• 9:25
  but
• 9:25
  something
• 9:25
  I'm
• 9:26
  really
• 9:26
  going
• 9:26
  to
• 9:26
  encourage
• 9:26
  you
• 9:27
  to
• 9:27
  do.
• 9:27
  Turn
• 9:28
  on
• 9:28
  autopay
• 9:29
  for
• 9:29
  that
• 9:29
  minimum
• 9:29
  payment
• 9:30
  for
• 9:30
  every
• 9:30
  account
• 9:31
  that
• 9:31
  reports
• 9:31
  to
• 9:32
  your
• 9:32
  credit.
• 9:33
  Just
• 9:33
  if
• 9:33
  you've
• 9:33
  got
• 9:34
  an
• 9:34
  account
• 9:34
  that
• 9:34
  reports
• 9:34
  to
• 9:35
  your
• 9:35
  credit,
• 9:35
  turn
• 9:36
  on
• 9:36
  that
• 9:36
  automatic
• 9:37
  minimum
• 9:37
  payment.
• 9:38
  Because
• 9:39
  that
• 9:39
  one
• 9:39
  thing
• 9:39
  protects
• 9:40
  your
• 9:40
  future
• 9:40
  self.
• 9:41
  On
• 9:41
  the
• 9:41
  weeks
• 9:41
  that
• 9:41
  you're
• 9:42
  tired,
• 9:42
  that
• 9:43
  you're
• 9:43
  distracted,
• 9:44
  or
• 9:45
  even
• 9:45
  when
• 9:45
  you're
• 9:45
  feeling
• 9:46
  overwhelmed.
• 9:47
  Let's
• 9:48
  get
• 9:48
  to
• 9:48
  today's
• 9:48
  Bible
• 9:48
  verse.
• 9:49
  It
• 9:49
  comes
• 9:49
  to
• 9:49
  us
• 9:49
  from
• 9:50
  the
• 9:50
  book
• 9:50
  of
• 9:50
  Proverbs,
• 9:51
  chapter
• 9:51
  24,
• 9:52
  verse
• 9:52
  16.
• 9:54
  Again,
• 9:54
  Proverbs
• 9:55
  24,
• 9:55
  16.
• 9:57
  For
• 9:57
  though
• 9:57
  the
• 9:57
  righteous
• 9:58
  fall
• 9:58
  seven
• 9:59
  times,
• 10:00
  they
• 10:00
  rise
• 10:01
  again.
• 10:02
  But
• 10:02
  the
• 10:03
  wicked
• 10:03
  stumble
• 10:03
  when
• 10:04
  calamity
• 10:04
  strikes.
• 10:06
  That's
• 10:06
  encouraging,
• 10:07
  isn't
• 10:07
  it?
• 10:08
  Because
• 10:08
  a
• 10:09
  fall
• 10:09
  isn't
• 10:09
  the
• 10:10
  end
• 10:10
  of
• 10:10
  the
• 10:10
  story.
• 10:12
  Getting
• 10:12
  back
• 10:13
  up
• 10:13
  with
• 10:13
  wisdom
• 10:14
  and
• 10:14
  faithfulness,
• 10:16
  that's
• 10:16
  how
• 10:17
  your
• 10:17
  story
• 10:17
  was
• 10:17
  really
• 10:18
  meant
• 10:18
  to
• 10:18
  end.
• 10:19
  How
• 10:19
  about
• 10:19
  we
• 10:20
  pray
• 10:20
  together,
• 10:21
  Lord?
• 10:22
  You
• 10:22
  see
• 10:23
  the
• 10:23
  regret
• 10:23
  my
• 10:23
  friend
• 10:24
  feels
• 10:24
  right
• 10:24
  now?
• 10:25
  So
• 10:25
  many
• 10:25
  of
• 10:25
  us
• 10:25
  may
• 10:26
  be
• 10:26
  feeling
• 10:26
  that
• 10:26
  too.
• 10:27
  And
• 10:28
  you
• 10:28
  know
• 10:28
  how
• 10:28
  heavy
• 10:29
  shame
• 10:29
  can
• 10:29
  sit
• 10:29
  on
• 10:30
  the
• 10:30
  chest
• 10:30
  even
• 10:30
  over
• 10:31
  one
• 10:31
  simple
• 10:32
  mistake.
• 10:34
  So
• 10:34
  I
• 10:34
  ask
• 10:35
  you
• 10:35
  right
• 10:35
  now
• 10:35
  to
• 10:35
  lift
• 10:36
  that
• 10:36
  burden,
• 10:36
  Lord.
• 10:37
  Give
• 10:37
  them
• 10:37
  courage
• 10:38
  to
• 10:38
  take
• 10:38
  that
• 10:38
  next
• 10:39
  big
• 10:39
  step.
• 10:40
  Give
• 10:41
  them
• 10:41
  discipline
• 10:41
  to
• 10:42
  really
• 10:42
  build
• 10:42
  a
• 10:42
  system
• 10:43
  that
• 10:43
  protects
• 10:43
  them,
• 10:44
  Lord,
• 10:45
  and
• 10:45
  bring
• 10:46
  restoration,
• 10:47
  not
• 10:47
  just
• 10:47
  financially
• 10:48
  but
• 10:48
  emotionally
• 10:49
  and
• 10:49
  spiritually
• 10:50
  to
• 10:50
  them.
• 10:51
  And
• 10:51
  let
• 10:52
  that
• 10:52
  missed
• 10:52
  payment
• 10:53
  become
• 10:53
  a
• 10:53
  turning
• 10:53
  point,
• 10:54
  Lord,
• 10:54
  in
• 10:54
  their
• 10:54
  life.
• 10:54
  Not
• 10:55
  a
• 10:55
  label,
• 10:55
  but
• 10:55
  just
• 10:55
  a
• 10:56
  turning
• 10:56
  point.
• 10:57
  Lord,
• 10:57
  we
• 10:58
  ask
• 10:58
  that
• 10:58
  you
• 10:58
  would
• 10:58
  help
• 10:58
  them
• 10:59
  to
• 10:59
  rise
• 10:59
  again,
• 11:00
  steady,
• 11:02
  humble
• 11:03
  and
• 11:03
  hopeful.
• 11:05
  And
• 11:05
  I
• 11:05
  ask
• 11:05
  this
• 11:05
  in
• 11:06
  Jesus
• 11:06
  name.
• 11:07
  Amen.
• 11:10
  Friend.
• 11:10
  Your
• 11:10
  credit
• 11:11
  can
• 11:11
  recover
• 11:12
  because
• 11:13
  you're
• 11:13
  building
• 11:13
  trust
• 11:14
  again
• 11:15
  starting
• 11:15
  on
• 11:16
  this
• 11:16
  very
• 11:16
  day.
• 11:18
  Well,
• 11:18
  if
• 11:18
  you've
• 11:18
  got
• 11:18
  a
• 11:19
  question
• 11:19
  for
• 11:19
  this
• 11:19
  show,
• 11:19
  as
• 11:20
  you
• 11:20
  can
• 11:20
  tell,
• 11:20
  I
• 11:20
  love
• 11:20
  to
• 11:21
  answer
• 11:21
  questions,
• 11:22
  send
• 11:22
  them
• 11:22
  to
• 11:22
  me
• 11:24
  at
• 11:25
  financiallyconfidentchristian.com/question
• 11:26
  we'll
• 11:27
  put
• 11:27
  that
• 11:27
  in
• 11:27
  the
• 11:27
  show
• 11:28
  notes.
• 11:28
  But
• 11:28
  again,
• 11:28
  that's
• 11:29
  financiallyconfidentchristian.com/question.
• 11:33
  I
• 11:33
  just
• 11:33
  want
• 11:34
  to
• 11:34
  thank
• 11:34
  you
• 11:34
  for
• 11:34
  joining
• 11:34
  me
• 11:35
  today.
• 11:35
  Stay
• 11:35
  financially
• 11:36
  savvy
• 11:36
  out
• 11:37
  there.
• 11:37
  May
• 11:37
  God
• 11:37
  bless
• 11:37
  you.
• 11:38
  And
• 11:38
  you
• 11:38
  have
• 11:39
  a
• 11:39
  great
• 11:39
  day
• 11:39
  today.