Building financial identities in the US

We helped Mr Barry in the US to build his financial identity. This is what he had to say…

“When I was younger, I used lots of credit cards and didn’t pay my bills on time. I didn’t understand how credit worked, or that it would impact me now. 

Almost 10 years later, I realised the importance of a good credit profile and I requested my profile from Experian. I found a number of erroneous entries from creditors and when I searched for a way to resolve these, I found Experian’s credit education programme. 

I booked an appointment with a Credit Educator, Micaiah, who was excellent. Together, we worked through my credit profile and he told me how to deal with creditors to correct the errors on my report. It wasn’t easy to get the relevant documents from the creditors, but once I had them Micaiah helped me work through the dispute process to correct my report. We’ve had three or four sessions and he’s been on hand to offer advice in between. 

I’ve now wiped most of the negative data from my profile. Since I first contacted Experian at the end of 2013, my credit score’s increased from 565 to 716! And I’ve learnt how to manage and use my credit cards responsibly so I can continue to build my profile. 

This has been a life-changing experience. I’ve started a small business and, with an improved credit rating, I’m looking forward to buying a house.”