Good Credit is a Must
We need to maintain "GOOD" credit always. If you have experienced a recent denial of credit, are appalled by bank balances, credit card balances, are having cash flow issues, then it is time for a thorough investigation of your personal financial situation. You need credit repair.
You may be quite fearful about looking at your credit report, but you need to bite the bullet and be proactive about seeing this document(s). No one can do this for you and there is no magic for fixing the situation without your involvement.
Everyone understands that their ability to get a loan, a mortgage, credit card depends on a good credit rating. Our "Credit Score" is most affected by our total debt and credit cards. You also need to know that there are other negative effects of poor credit that you may not know about.
These are some of the unpleasant effects of poor credit:
a. Denied car loan b. Denied employment c. Denied health, life, homeowner's insurance d. Denial of /or high interest rates for credit cards and loans e. Denial of a cell phone contract f. Being unable to start your own business
Our financial world can be successful or miserable, but credit is the basis for our personal financial world and we need credit. Therefore, if you have defaulted (or are close), are having cash flow problems, large credit repair balances, credit repair is a necessity.
You can research how to secure your credit report(s) from each of the 3 major credit reporting bureaus. You can fix your credit. The Fair Credit Reporting Act provides helpful information about this process of securing and fixing credit reports. It is all about consumer rights.
Reestablishing good credit is work, but well worth it. Contact your creditors and explain your situation. If creditors realize that you are serious about debt repayment, they will be more likely to work with you. Information is available to assist you.
You may be quite fearful about looking at your credit report, but you need to bite the bullet and be proactive about seeing this document(s). No one can do this for you and there is no magic for fixing the situation without your involvement.
Everyone understands that their ability to get a loan, a mortgage, credit card depends on a good credit rating. Our "Credit Score" is most affected by our total debt and credit cards. You also need to know that there are other negative effects of poor credit that you may not know about.
These are some of the unpleasant effects of poor credit:
a. Denied car loan b. Denied employment c. Denied health, life, homeowner's insurance d. Denial of /or high interest rates for credit cards and loans e. Denial of a cell phone contract f. Being unable to start your own business
Our financial world can be successful or miserable, but credit is the basis for our personal financial world and we need credit. Therefore, if you have defaulted (or are close), are having cash flow problems, large credit repair balances, credit repair is a necessity.
You can research how to secure your credit report(s) from each of the 3 major credit reporting bureaus. You can fix your credit. The Fair Credit Reporting Act provides helpful information about this process of securing and fixing credit reports. It is all about consumer rights.
Reestablishing good credit is work, but well worth it. Contact your creditors and explain your situation. If creditors realize that you are serious about debt repayment, they will be more likely to work with you. Information is available to assist you.
About the Author:
With never before seen challenges 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
12:11 AM
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