The importance of being aware and having control over your personal credit is very critical these days for many reasons such as getting a good job or maintaining employment and passing a security clearance.
Many more employers are checking both new applicant and current employee credit scores and profiles to ensure better ‘honesty’ and ‘responsibility’ people as well as longer term employees. If you are in the military either civilian or active status, your security clearance can be revoked for having personal credit issues and/or bad debt in addition to low credit scores.
Due to the many factors that affect your credit profile and scores, taking the right and prompt action is crucial to rehabilitating and enhancing your financial profile and credit rating. Once you have your updated reports and score range, you can consult with a credit expert to move forward with achieving your financial goals….Just AsktheCreditCoach.com!!!
Here are two links to get your free credit reports and a free monthly credit score without any gimmicks.
www.annualcreditreport.com
www.creditkarma.com
Everyday in America consumers suffering from past financial hardships and debt problems are mislead by those non-profit debt consolidation agencies. Not only can these so called ‘debt management plans’ worsen credit profiles more but they have a failure rate of over 70% which means that the majority of consumers that sign up either file bankruptcy or drop off the plans within 6 months. Also, most lenders now classify those DMPs as a chapter 13 bankruptcy anyways. What many consumers do not realize is that these debt consolidation agencies are doing nothing but acting as a collection agency for creditors and getting a financial ‘kickback’ for every payment sent to them! The only real solution to resolving debt problems outside of a bankruptcy is a ’Proper & Effective Self-Help Plan’ that will work for each and every consumer that is willing to put their best foot forward and be successful. It is very important that consumers seek the help of a certified credit consultant that understands the entire credit and debt resolution process that truly provides consumers with financial success and peace of mind. Having the right strategy based on the consumers’ financial and credit profile and implementing an effective action plan anyone can resolve their debts with much less headache and frustration not to mention an education on personal financial issues.
Many people hire ‘credit repair agencies’ every day without knowing what they actually do for them. The truth is anyone can start a ‘credit repair’ business without any credentials or certifications in the credit industry because the only service that is provided is issuing massive dispute letters to the credit reporting agencies each month. Not only can consumers do this themselves both electronically and through the mail, but disputing accounts without proper documentation is a ‘hit or miss’ situation. Many times disputing derogatory accounts will damage a credit profile and scores by reactivating the accounts reporting date which will invite collection activity by the creditor or collection agency. Consumers need to understand that there is should always be a strategy when disputing information on credit reports as well as rehabilitating or enhancing one’s credit profile. The majority of consumers suffering from personal credit issues have experienced past financial hardhips that was the cause of their credit problems. So the focus needs to be on resolving bad debt and properly managing good debt through maintaining positive monthly activity on 3-5 open lines of credit each month. A good message to all consumers….’Financial discipline weighs ounces but financial consequenes weigh tons’.
