Friday, January 23, 2009

The Positive Effects of Repairing Your Credit

By Ricardo Mendiola

There are many benefits to credit repair. You should consider repairing your credit if you are suffering from bad credit. Here are five reasons why you should take the steps to the financial freedom you have always wanted.

Your reputation is very important. Bad credit reflects on a person as if they don't pay their bills and they don't care about their debts. If you have bad credit due to an illness and an overwhelming amount of medical bills it looks bad. Even if you weren't reckless with credit card bills and not paying owed bills, bad credit looks bad. When you repair your credit it builds trust with creditors and a good reputation for you.

Stop the harassing creditors. If your credit is bad, chances are good you have a lot of bill collectors calling you to get their money. You might get calls at home, work, and on your cell phone. Even though they aren't supposed to call you in the middle of the night they might be too. It may make you look bad at work when creditors are calling you like crazy. When you take the steps to repair your credit the calls eventually start to fade away. You can enjoy a peace of mind and you won't have to screen your calls anymore.

You can benefit by having good credit when it comes to a place to live also. If you want to buy a home or even rent an apartment it is important to have good credit. Most rentals won't look at you if your credit scores are bad. This is because you are a risk to the owner. If you have bad credit it looks to a landlord as if you will not be able to make your monthly obligations because you have too much debt. Even if you have a lot of income your credit scores will reflect that you don't care about paying your bills.

Credit cards are the most difficult to get with bad credit too. If you repair your credit you will be considered for loan approvals much easier. It will allow you to have the things you have always wanted.

You also should repair your credit if you want to work for certain employers who take credit seriously. Most management positions today require a good credit score. This is because they might be trusting you with a company car, giving you a corporate credit card, extending you credit to make purchases through vendors and more. Many companies will not hire you without a good credit ranking. Although it is against the law not to hire someone because of their credit you will have a hard time proving that is the reason you didn't get hired.

Having good credit is very important in many ways. You should consider these things if your credit scores are poor. Credit can affect a decision for employment in a position you want to work in. It can affect if you get a loan for a line of credit and it can affect the interest rate you get on a loan. These are very important factors you - 20896

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