Good Credit is a Must
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 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.
Most everyone knows that ability to get a mortgage, personal loan, credit card depends on a good credit rating. We also need to b e aware that there are other reasons that we may not know that raise negative issues resulting from poor credit. Credit score is affected most by credit cards and debt.
Negative 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
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.
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.
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.
Most everyone knows that ability to get a mortgage, personal loan, credit card depends on a good credit rating. We also need to b e aware that there are other reasons that we may not know that raise negative issues resulting from poor credit. Credit score is affected most by credit cards and debt.
Negative 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
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.
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.
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
5:38 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home