Build A Solid Financial Foundation Through Credit Repair

With today's society becoming more and more economy driven and business oriented, establishing and maintaining good credit is vital if you plan to do any of the following:

1. Apply for employment
2. Rent an apartment
3. Open a bank account
4. Setup an account with public service or the telephone company

It used to be that establishing good credit was important only if you planned to buy a home or car, but not anymore. The simplest task, such as applying for employment could very much mean that you need to show you have good credit.

Having bad credit could, in fact, impede your ability to survive and live a normal life. This is pretty sad , but it is a proven fact that people have been turned down for excellent job positions just because of their credit rating, despite the fact that they were more than suitably qualified and that the particular job they were applying for could have been exactly what they needed to fix their credit. That's a scary catch twenty-two don't you think?

Ok, I'm caught in that scary catch twenty-two, what do I do?

Start by requesting a copy of your credit report in writing. You are entitled by Federal Law to receive a free annual credit report. There are three major credit-reporting agencies that you need to contact, you can run a search on the internet or find their information in a phone book. If you have already received a credit report for that year, you may also use any letter of credit denial by sending in a copy of that letter within 60 days of its receipt with your written request. Be sure to include a copy of your state issued ID, proof of your address and your last known addresses for the past 5 years. It is very important to include a copy of your social security card.

What does is mean to have good credit? Who cares who sees it?

Unbelievably, your credit report is public information and can be viewed by anybody where you are asking for a line of credit. Any time you apply for employment, an apartment, or try to make a big purchase, you are asking for credit and permitting the potential creditor to view your credit report. Although your credit report does not reveal your personality type, it may just as well, considering it is through your credit report that others (i.e. potential creditors) will perceive and make a decision as to what kind of person you are.

Businesses look into your credit report and determine by your ability to pay and follow through on your promises what kind of person you are. Do you adhere to your promises? Are you stable, do you follow through on payments? If so, then you are most likely a good and reliable person. You may be worth giving a chance at that perfect job, or residing in that particular community.

What about good people with bad credit?

You may be a good person, you may even be the most considerate and compassionate person alive; however, if your credit report shows a late payment or no payment on an account at all, you could be perceived as being unreliable, unstable and/or untrustworthy. Prepare yourself to deal with a lot of paper work and phone calls once you are ready to repair your credit.

What does this mean? How can I protect my reputation?

What this means is that it is time for you to fix your credit. Your income may be null or limited, that's ok, there is still a way to save your personal reputation and open more doors of opportunity. Once you receive your credit report(s), contact the creditors listed and establish payment arrangements, even if it is just $1-$5 a month. Doing this shows your willingness to get back on track, it shows that you are making an effort towards establishing stability and responsibility.

Whom can I turn to for help?

There are many resources available to assist with credit repair, make use of your library or the internet. Most credit repair agencies offer free services, take advantage of their offers and assistance. Building your credit is more than being able to make a big purchase, it also means you are establishing your personal reputation and setting a solid foundation for your future survival and financial progress.

Please note that the information contained on this website is for information purposes only. We strongly suggest you seek professional advice from qualified and competent financial advisors, before making any financial decisions based on the information provided on this website. See our disclaimer for full details.

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