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Why Your Credit Score Matters and How To improve It?

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The majority of people probably know why their credit score is important especially if they are trying to get a loan, insurance, mortgage or any other similar thing related to financial policies and transactions. The credit score is the most important thing for lenders like banks, credit finance and financial institutions. Once they determine the credit score they will know how much money they can lend and they will also be able to determine the loan’s interest rates and the insurance suitable for you.

In the recent period there are an increased number of people looking for a way to fix bad credit. Credit repair is one of the most searched terms on the Internet especially when it comes to finances. But, why is it important to improve your credit score?

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First of all, in case you have a bad credit, you may have to pay a significant amount of money for interest payments even though you have taken the same amount of loan like some other person with a good credit score. This is the first reason why you should be interested in credit repair.

Furthermore, a poor credit score will drastically reduce your negotiation power to get approved for mortgage, loan or credit card applications and similar loans. Needless to say, in many cases the quality of your approval will determine the quality of life in the future.

If you are able to fix your credit, you will get much lower insurance premiums because the insurers will know that there is low risk associated with you. Official statistics show that individuals with insurance policies that have poor credit score usually make higher number of insurance claims compared to individuals with good credit score. That’s why people with poor credit score usually pay costlier premium for any type of insurance.

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What is even more interesting is that many employers today have started checking the credit score of candidates before they make the final decision and higher them. This is quite logical because people with good credit score are usually viewed as people who are responsible and trustworthy which are some of the most important perks of a good employee.

You are not your past mistakes. Making past credit mistakes doesn’t make us bad people, but we have to learn from our mistakes and make better decisions.
The best credit cards are not available to consumers with unfavorable credit rating. They can only get credit cards with low limits and they have to pay additional fees too. Additionally, the interest rate for these credit cards is much higher and it is almost impossible to find one with an interest rate of less than 12%.

According to some statistics, a standard home loan given to people with bad credit score will cost you between $75.000 and $175.000 MORE due to increased interest rates.(1) In case you want to rent a home, many landlords are checking the credit history of their potential tenants and they avoid making contracts with individuals with bad credit score. The same goes for people who want to buy or rent office space.
As you can see, the importance of credit scores is great especially today when the prices of properties and other costly things that determine the quality of life are going up. So, it is much wiser to invest in repairing your credit score instead of paying high interest payments. But, how exactly can we improve credit score?

The benefits of using credit repair services

There are basically two options – you can fix your credit on your own or look for a professional credit repair company. The first option requires a lot of time and knowledge and an average person usually lacks both.

A good credit repair company like Integrity Credit Solutions, has a team of experts that can analyze and evaluate different credit situations and provide solutions to improve these situations. In many cases, they will advise (or do this on your behalf) getting in touch with collection agencies and credit bureaus to identify inaccurate / unverifiable information and have it removed from your credit reports. Even though getting in touch and communicating with these agencies and organizations doesn’t require some special set of skills, if you want to get the best results you should have a thorough understanding of the laws and guidelines that govern the credit reporting industry. This is exactly where the experts from credit repair companies can help save you a lot of time, money and frustration.

Integrity Credit Solutions “Credit Blitz” will not only address every negative account in question on the first round, but will also use specific laws and guidelines to remove as much inaccurate/unverifiable information as possible. They will also show you how to build credit step by step in a manner that will increase your credit score as quickly as possible. What’s even more important is that companies like this will aid your efforts to create goals, tactics and strategies that will make this process as simple as possible.

Don’t forget that with the right credit repair company you will get much more than fixing a bad credit. They will also help you create a suitable budget, handle the credit cards, lower the debts and get new credit lines. In this way you will be able to improve your credit score quickly and smoothly.

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Furthermore, a good credit repair company will also teach you how to continually increase your credit score even after it is fixed. Of course, this option is available only if you choose it. For many experts, this is a huge advantage because letting experts monitor any negative occurrences means that you will be able to solve these problems before they become serious and difficult to resolve. If you fix these issues on time, your credit score won’t be affected at all.

Hiring a professional service provider will also save you time. The vast majority of people don’t have enough time to focus on this complex task. At the same time, if you are spending a lot of time on fixing your bad credit then you won’t be able to focus on your work and your income may suffer too. This is a vicious circle that must be closed and this is possible if you hire true professional for this job.

Finally, having a credit repair company like Integrity Credit Solutions on your side, means saving a lot of time, money and frustration.

If you’d like to talk to us about having our team of professionals help you fix your credit so you can buy your dream home or drastically improve your lifestyle, fill out the form below. Make sure you share this with your friends and co workers on social media I appreciate you helping me spread the word.

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(1) http://blog.credit.com/2014/04/bad-credit-score-cost-you-on-a-home-81209/
(2) http://credit.about.com/od/creditrepairservices/