There are over 1.4 million Americans on active military duties all over the world. Ask any military personnel around about their credit score, they’ll tell you they have bad credit. If you are not in the military circle you will be surprised, but it’s common knowledge in the military. You will probably think like many others that being a military personnel, there are a financial protection and coverage. Sorry to disappoint you, there’s none. As a military personnel, getting out of the negative credit pit can be difficult as a consequence of financial inactivity for a while.
Don’t just aim for good credit rating for military eligibility, there’s more after getting into the military you’ll be fighting for. Positive credit rating will help make other areas of your life easier from mortgages, car interest rate to insurance. You need to effectively manage your credit score even while at the war front. Your credit score has to be at it best by avoiding late payment. Ensuring that no one is using your identity and getting you into the red zone, or an unauthorized credit check. You can still be in control of your credit even while away, you just have to do the following;
Place Military Alert on Your Credit
You are eligible to one year of free credit while on active duty. This is where to start with your credit. Even though there’ll be need by businesses to confirm your identity, it’s worth it in the end. Contact any of the three credit bureaus; TransUnion, Equifax or Experian. You will have to present a government-issued identification relating you to the military for this important request.
Free Credit Freeze From 2018.
Remember you heard it here first. From 2018, the credit bureaus will be granting a credit freeze for eligible members of the United States Military personnel. Don’t lag behind, this is the best thing that could happen to your credit if you are eligible. With this new policy in place, you will be to pace, remove and lift from your credit files security freeze at zero cost. You don’t have to be a victim of identity theft to utilize a security freeze. With this in place, before your credit details can be accessed by any individual there will be an express approval originating from you.
Choose a Financial Executor
You will be away long for long periods and that’s why you need to have appointed a trusted family member or friend to take charge of your finances during your absence. In any event of a substantial financial event that might take place in your absence, you may need to grant someone the power of attorney. Decide the time limit and power limit of the attorney.
There’s life after military duties. Your credit score may limit the rest you deserve after giving your all to your nation. Maybe your credit score has already been damaged, you will need a credit repair service. Contact Fresh Start Credit Repair to breathe a new life into your credit.[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Website’ type=’url’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]