Credit Repair

by

Attorneys Robin Leonard and Deanne Loonin
edited by Attorney Kathleen Michon

To turn your financial problems around, you must understand your flow of income and expenses. Some people call this making a budget. Others find the term budget too restrictive and use the term “spending plan.” Whatever you call it, spend at least two months writing down every cash or cash equivalent, such as check or debit, expenditure. At each month’s end, compare your total expenses with your income. If you’re overspending, you have to cut back or find more income. As best you can, plan how you’ll spend your money each month. If you have trouble putting together your own budget, consider getting help from a nonprofit credit or debt counseling agency that provides budgeting help for free or at a low cost

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