credit fix checklist

10 Solid Reasons to Get Your Credit Fixed

Get Your Credit Fixed

Bad credit is about a lot more than getting your credit card applications rejected. You could lose a lot if your credit scores are consistently under par.

You could lose your house, your car, in extreme cases even your job and pretty much end up on the street.

 10 Reasons

The thing with credit scores is that no matter where you go, they are looked at and taken into account. This affects the financial rights and privileges you may or may not be privy to. If you feel that is too farfetched, here are ten solid reasons you might want to sort out your credit!

Reduced Insurance Rates

The first thing good credit scores allow you is reduced insurance rates. Insurance rates are known to be higher for people with poor credit scores. The reason this makes sense is regardless of whether it is health, auto, home or medical, the assumption is that shoddy credit is another factor indicative of potential liability.

Collector Harassment

It’s really no fun when you have the collections agent from the company or bank crediting you constantly on your case regarding payments. Getting your credit fixed saves you a lot of unpleasant back and forth interactions with equally unpleasant collection agents!

Lower Security

People who have solid credit scores often enjoy lower security rates by way of down payments and advance deposits. This is because if your credit scores are on the mark, people are more likely to trust you’re more likely to make good on your payments.

Purchase Property

You can’t purchase property with poor credit. You need to have half decent credit scores to buy your own home or space for an office for instance. This can be a huge disadvantage for those looking to switch over from rented space. You also need good credit scores to buy a car!

Rent Property

You will also most likely have a hard time finding people eager to rent out space to you if your credit scores aren’t on the mark. Again, this comes as no surprise because people go by what they can see and those are your credit scores, not your good intentions!

Better Loan Rates

If you feel loans will be helpful when your credit is shot, here’s one more. Loan rates tend to differ based on initial credit scores. The poorer your scores, the stricter the terms. Interest rates might also vary accordingly so even if you do want a loan, fix your credit first!

 credit repair individual

Your Own Business

You will need capital as well as people who trust you enough to work with and invest in you if you wish to start your own business. You can see why good credit scores would do you well here.

Carry Less Cash

A not so pertinent yet good reason to fix your credit is the purpose you have a credit card, to begin with! So you don’t need to carry cash around. Fix your scores so you can actually use the thing!

Secure Your Families Credit

Poor credit might leave you tempted or desperate to use funds from your spouse, partner or children’s accounts. Save yourself the embarrassment and have your own credit scores fixed.

Find Employment

If your credit drops below a certain minimum and scores aren’t fixed, this may also influence your ability to find employment. The reliability factor applies here!

Upshot

It doesn’t matter how you ended up with poor credit scores. What is important is that you fix them as soon as possible so other things may fall into place. If you’ve already tried to but can’t seem to fix your credit scores, don’t stress. There are a number of affordable credit repair services available which might help.

KeyPoint is a credit service company offering clients extensive credit services including credit monitoring, business credit and some of the best credit restoration and repair services available at highly affordable rates.