We all should know that good credit is a "must have." However, if you have recently been shocked to see your bank statement, credit card bills, don't seem to have enough cash to manage all your obligations, or been denied credit, it's time to examine your financial situation.
You are the only one that can fix the current situation. So, put aside any fear of seeing your financial history in black and white, be proactive and arrange to secure your credit report(s). There is no magic cure, but it can be done.
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.
These are some of the unpleasant effects of poor credit:
Life, health, and homeowner's insurance may be denied Employment may be denied Credit cards & loans may be denied or offered with high interest rates Car loans may be denied Cell phone contracts may be denied You may not be able to start a business
Credit is the basis of our financial world, so we need credit. None of us want financial disaster but we are responsible for ourselves. Therefore, if you are having serious cash flow problems, struggling to meet payment schedules, and have defaulted (or are close to it), you need credit repair now.
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.
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. - 15432
You are the only one that can fix the current situation. So, put aside any fear of seeing your financial history in black and white, be proactive and arrange to secure your credit report(s). There is no magic cure, but it can be done.
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.
These are some of the unpleasant effects of poor credit:
Life, health, and homeowner's insurance may be denied Employment may be denied Credit cards & loans may be denied or offered with high interest rates Car loans may be denied Cell phone contracts may be denied You may not be able to start a business
Credit is the basis of our financial world, so we need credit. None of us want financial disaster but we are responsible for ourselves. Therefore, if you are having serious cash flow problems, struggling to meet payment schedules, and have defaulted (or are close to it), you need credit repair now.
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.
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. - 15432
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.
