Improving your credit score while dealing with mental health issues can be tough, but you can take steps to improve both.
Firstly, it is important to take care of physical and mental health by engaging in exercise, meditation, and therapy.
Take steps to tackle the biggest obstacle to improving your credit score, which will mostly be your debt.
If you have missed or delayed payments, talk to your lender to come up with a plan to pay down quickly.
Cut down on overspending. Create a budget that tracks where your money is going. Keep it simple and crisp.
Reduce credit utilization ratio. Seek an increase in your credit limit or pay down any outstanding balances to fix this.
Look for ways to reduce high interest and avoid penalties with smart credit score-building activities. Get help if needed.
Seek support from family, friends, and mental health professionals to cope with the impact of poor credit ratings.
Seek advice from organizations that specialize in helping people with mental health issues and debt.