Good Credit is a Necessity
Perhaps it is time to seriously look into your personal financial situation. We should always be monitoring our credit because it needs to remain GOOD. However, if you have recently been denied credit or if you are in shock from looking at your credit card balances or bank statements and you don 't seem to have enough cash flow, you need credit repair.
Even if you feel paralyzed by fear about seeing your financial history in black and white, you are the only one who can deal with your financial situation. So, confront your fear and arrange to receive your credit report(s).
We do know that our ability to get a mortgage, car loan, personal loan, credit cards is dependent on a good credit rating. We also need to know that there are other issues at stake for us if our credit risk is poor. Your level of debt and credit card payments have the most effect on your credit score. There are some areas affected by a poor credit rating that you might not know about. You need to increase your awareness of these areas which add more reason for you to repair your credit.
Did you know that poor credit may result in:
1. Denial of /or high interest rates on loans and credit cards 2. Denial of car loans 3. Denial of life, health, homeowner's insurance 4. Denial of cell phone contract 5. Employment denial 6. Inability to start your own business
Credit is what makes our personal financial world successful or plunges us into financial upheaval. So, if you are experiencing problems with cash flow, meeting financial obligations, large credit card balances, defaulting or ready to default on your obligations, you need credit repair.
There are 3 major credit reporting bureaus and you can research the way to secure your report(s). It is possible for you to fix your credit. Compare your reports, and dispute any errors that you find. The Fair Credit Act will be a helpful document for you. It addresses consumer rights.
Contact your current creditors, explain the situation. If your creditors realize that you want to pay your debts, they will be much more likely to work with you. Regaining good credit is work and only you know whether you will be able to do the repair yourself. There is a lot of information to help you.
Even if you feel paralyzed by fear about seeing your financial history in black and white, you are the only one who can deal with your financial situation. So, confront your fear and arrange to receive your credit report(s).
We do know that our ability to get a mortgage, car loan, personal loan, credit cards is dependent on a good credit rating. We also need to know that there are other issues at stake for us if our credit risk is poor. Your level of debt and credit card payments have the most effect on your credit score. There are some areas affected by a poor credit rating that you might not know about. You need to increase your awareness of these areas which add more reason for you to repair your credit.
Did you know that poor credit may result in:
1. Denial of /or high interest rates on loans and credit cards 2. Denial of car loans 3. Denial of life, health, homeowner's insurance 4. Denial of cell phone contract 5. Employment denial 6. Inability to start your own business
Credit is what makes our personal financial world successful or plunges us into financial upheaval. So, if you are experiencing problems with cash flow, meeting financial obligations, large credit card balances, defaulting or ready to default on your obligations, you need credit repair.
There are 3 major credit reporting bureaus and you can research the way to secure your report(s). It is possible for you to fix your credit. Compare your reports, and dispute any errors that you find. The Fair Credit Act will be a helpful document for you. It addresses consumer rights.
Contact your current creditors, explain the situation. If your creditors realize that you want to pay your debts, they will be much more likely to work with you. Regaining good credit is work and only you know whether you will be able to do the repair yourself. There is a lot of information to help you.
About the Author:
With unprecedented problems in the credit markets it?s more important than ever to have excellent credit. For more information check out Rob Kosbergs' Detailed FREE Guide on Maintaining and Repairing your Credit Score by going to Bad Credit Repair for your FREE information.
posted by Credit Counseling at
2:41 AM
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