Delay to pay (off) - part 1 of 4
People may delay paying down balances for several reasons, often stemming from a combination of psychological, financial, and situational factors. Here are some common reasons:
Lack of Awareness: Some people might not be fully aware of the importance of good credit or how their credit score impacts their financial life. 800 feels great!
Emotional Barriers: Dealing with credit issues can be emotionally challenging. It can be stressful and embarrassing to confront past mistakes, especially if they involve financial struggles or poor decision-making. THIS WAS ME!
Procrastination: Paying down credit cards requires time and effort. People might delay because they think it's a complicated process that they don't have the time or energy to deal with right now. False!
Hope for Improvement: Some individuals may hold onto the belief that their credit situation will improve on its own over time. They might think that their financial situation will change, making credit repair unnecessary. It can and will change! 100 guarantee!
Stay tuned for part 2. See our site for our DIY RAPP.
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