credit report

5 Reasons You Desperately Need a Credit Repair

A credit score is like a video game lifeline; you need to monitor it closely in order to progress to the next level.

A good credit score will make you eligible for rewards and a better standard of living, whereas a negative score can prove detrimental to your financial well-being.

According to a survey, around 11 percent of people have never reviewed their credit scores.

This means that many people are still unaware of the impacts of a bad credit score. A bad score affects your ability to get a loan, rent a house or even get a mobile phone service. If you are in a sticky financial situation, then a credit repair is what you need.

5 Reasons To Get A Credit Repair

Save you from higher interest rates

A bad credit score makes you a risky investment. This increases your interest rates. Worst case scenario, a bank will reject your application for a loan. Improved credit score will allow you to enjoy lower interest rates on your loans and credit cards.

Save money on security deposit

52 percent of the American population is unaware that bad credit translates into higher security deposit. Network companies and utility service provider check your credit score before offering you a plan. If you have a bad credit score, your bank will take a huge chunk of an amount as a security deposit in case you fall back on your payments.

Reduced insurance rate

Bad credit score means you have a higher risk attached, which will be compensated with higher insurance rates. This means owning a car, house, or even a medical insurance will become a costly affair. You can improve your credit rating by seeking help from a professional credit repair services.

Get a credit card

People with a bad credit scored are denied the facility of a credit card due to their poor financial health. But if you exhibit timeliness in your bill repayment and keep your credit line in control, you can get your hands on a credit card with a higher credit limit.

No need of guarantees credit cards

When people with bad credit score get a loan sanctioned, they usually need a guarantee of a co-signer. This assures the debtors that the loan will be repaid, as the co-signer is made financially accountable for your loan. By getting a credit repair, you can eliminate the need for guarantee and sustain your own financial burden.

Feel free

A bad credit score is few steps away from a complete bankruptcy.

People with poor credit rating are always under stress to meet budgets, pay bills and repay loans. Once you’ve gotten a quick credit repair, you don’t need to be on a constant lookout for a financial constraint.

With help of our financial experts, we at KeyPoint can provide you a quick credit fix. We use a personal progress dashboard to review your financial health and provide tactical solutions.