For Pennsylvania consumers working to fix credit scores, there are several parts to the credit repair process. Obviously, they need to get current with their bills, use existing credit responsibly, and seek credit card or loan opportunities if they currently have none. However, building an emergency fund is lesser-known, but important part of building better credit. Without an emergency fund set aside for unexpected expenses, a sudden bill could wreck your credit repair plan. So, treating your savings like a necessary expense is the best way to ensure that all of your hard work doesn’t go to waste. For Pennsylvania consumers who are not natural savers, here are some tricks to make saving money easier.
Five Emergency Fund Building Tips for Pennsylvania Consumers Who Struggle with Saving Money
Saving enough money to establish an emergency fund takes discipline. So, for Pennsylvania residents who struggle with this part of the credit repair process, here are some easy tips to follow.
1 – Set up automatic transfers.
Figure out how much you can comfortably contribute to your savings each month, and have this amount automatically transferred. Chances are, after a few months pass, you won’t even miss the money going into your emergency fund.
2 – Transfer savings to an out-of-the-way account.
This is a continuation of the first tip. Pennsylvania residents who may be tempted to dip into their emergency fund should make this a little harder to do. For example, open a savings account at a different bank. This way, when you check your primary checking account, you won’t be tempted to peek at your savings. Although, you should still set up transfer alerts with your savings account in case you are a victim of identity theft.
3 – Name your savings account.
This is a surprisingly effective deterrent for a long of Pennsylvania emergency fund builders. If you label your savings account with something like “My Credit Score Saving Fund,” it’s likely that you’ll remember its purpose. This may stop you from depleting it for unnecessary reasons.
4 – Use an app.
If you are one of many Pennsylvania residents who do everything from their phones, saving money via an app might make a lot of sense – and cents. There are plenty of money-saving apps available, including Acorns, Digit, and Keep the Change from Bank of America. Most of these apps just divert small amounts of money into your savings account (emergency fund). Although, some, like Acorns, actually invest these funds in stock options.
5 – Turn emergency fund building into a game.
For competitive Pennsylvania savers, making a game out of building an emergency fund is a good way to ensure its survival. Just recruit your partner, a friend, or a co-worker as your “opponent,” and grab a couple of jars. Start putting your spare change – or even dollar bills – and instruct your opponent to do the same. Then, agree that the one with the most money in their jar at the end of the month wins. The prize can be anything you choose – maybe lunch, coffee, or just bragging rights. Naturally, you don’t want to make the “loser” spend too much money on the winner’s prize. After all, they probably need to save money too.
Another Way for Pennsylvania Consumers Engaged in Credit Repair to Protect their Credit Scores
In addition to paying bills on time, using credit responsibly, and setting up an emergency fund, Pennsylvania consumers working toward better credit should regularly check their credit reports. This gives them a chance to check for fraudulent transactions and unauthorized accounts that may indicate identity theft. In addition, monitoring your credit reports allows you to catch mistakes and errors that might harm your credit score.
The Fair and Accurate Credit Transactions Act entitles all consumers to one free copy of their credit report from each of the major credit bureaus every twelve months. For Pennsylvania residents who haven’t checked their credit reports in a while, the easiest way to request them from TransUnion, Equifax, and Experian is to visit www.annualcreditreport.com.
If you do find inaccuracies or signs of identity theft on your credit reports, contact Credit Repair Lawyers of America. When you call our firm about a credit issue, an experienced credit attorney will do whatever it takes to get you clean credit, and it won’t cost you anything out of pocket. Even if we need to file lawsuits against creditors or credit reporting agencies for Fair Credit Reporting Act (FCRA) violations, our services are FREE to Pennsylvania clients.
The Free and Legal way to Get Better Credit
Don’t let fraudulent accounts or errors on your credit reports bring your credit score down. At Credit Repair Lawyers of America, we’ve been cleaning up credit reports for consumers since 2008 for free. How do we do it? The law allows us to collect our fees and costs from the defendants in any successful action. This is why our clients pay nothing for the work we do.
Let’s start the conversation about what we can do for your credit. Set up your free consultation today by calling Attorney Gary Nitzkin at (856) 912-3511 or sending him a message through our contact page.
For more information about Free Credit Repair, please visit https://www.creditrepairlawyersam.com/pennsylvania/credit-repair/. Or, to learn more about Free Credit Repair After Identity Theft, check out https://www.creditrepairlawyersam.com/pennsylvania/fix-identity-theft/.