How can I get help fixing my credit?

January 12, 2017
I am a 53 year old male with a secure job at a hospital that earns me close to $50,000 per year. i am recently divorced and have a history of late payments on credit cards. I need help with fixing my finances and my credit.

Advisor answers

The most important factor in establishing credit is paying on time. The next is to keep all balances under 30% of the credit limit.

The first step in debt reduction is to establish a budget. Visit Once you've determined how much you can apply toward the bills, you can strategically eliminate the debt. This can be accomplished though I hope that this helps! For a more comprehensive answer, feel free to reach out.

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Linda Jacob

Linda Jacob


There are many factors that go into your credit score.

Making your payment on time makes up 35% of your score. 30% is made up of outstanding debt or the amounts you owe. Have you been charging more?

Credit utilization, one of the most important factors considers the amount you owe compared to how much credit you have available. If this has increased, it would lower your score.

Length of Credit history makes up approximately 15% of your FICO score. Did you close an account that had been open for a long time?

Have you bee...

CCCS of Buffalo , Inc. (NFCC)

CCCS of Buffalo , Inc. (NFCC)

NFCC Certified Credit Counselor

If your struggling with your credit card payments a debt management plan may be your best option. A debt management plan can reduce your interest and monthly payments to your credit card companies. You can speak with a Credit Counselor about a debt management plan by contacting the National Foundation of Credit Counseling at They will direct you to a non-profit credit counseling agency in your area.

David Atkinson Certified Credit Counselor.

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