If personal finance issues make you want to pull the covers over your head, it can be hard for you to know whether you're coasting along okay or whether you need help with your credit score.
The top signs that you need credit repair services:
1. You've been turned down for a job.
Many companies will only hire people who have good credit. They believe that good debt management skills points to a higher level of responsibility.
2. You pay more for car insurance.
Insurance companies take your credit score into account when determining your rates.
3. You were denied a car loan.
It is generally easier to get approved for an auto loan than other types of credit. Car loans are good to have, since keeping up with an installment loan over time significantly improves your credit score.
4. You lost a promotion.
Does your company do work with the federal government? These companies often require that employees over a certain level be able to qualify for security clearances. And, you can be denied clearance if you have excessive debt or a low credit score.
5. Debt collectors are calling and harassing you.
When you fail to make payments to your creditors, they end up selling your debt to a collection agency, which then can call you and request payments. The account will be reported by the three credit bureaus as a collection and will affect your ability to get any loans or open a new credit card, as well as damage your credit score.
6. You were turned down for a mortgage.
This is the big one. Homeownership is linked to greater financial stability, a feeling of psychological stability and even tax advantages. Having a good credit record is necessary to achieve this common goal.
7. You've been denied for a credit card.
Opening a new revolving account is not as easy as it used to be. If your credit card application was denied, you may need credit "clean-up". The credit card company is required to let you know the reasons why your application was denied, so you can take the necessary actions to fix your credit.
8. You need to save more than most for a vacation.
No credit card means that you are at the mercy of airlines and may miss airfare sales. Rental cars and hotels hold hundreds of dollars of your money for deposits. Limited or complete lack of access to credit can make every aspect of a vacation more of a hassle.
9. Your application credit repair software for an apartment was turned down.
Not only can bad credit keep you from buying a house; it can prevent you from finding a place to rent.
10. You feel trapped by a lack of access to free credit repair.
Many everyday financial interactions are made more difficult by a lack of access to credit. But, you can learn how to repair your credit and enjoy more and better opportunities. Visit Key Credit Repair to educate yourself about credit and find helpful credit tips.