Terms | Privacy | Copyright | FAQ
©2005-2017 TheTopTens® All rights reserved.
There Has Never Been a Better Time for Credit RepairThere is a reason why so many people are talking about credit repair these days and why so many Americans are turning to credit repair companies for help with increasing their credit scores. For decades, your credit scores have been a critical part of your ability to get approved for credit. The difference is that today, lenders are offering some of the best deals in years, but you need to have a better credit score than ever if you even want to be considered.
The credit crisis has caused interest rates and prices to plummet. Combine that with the thousands of dollars new home buyers can get from the government and it becomes obvious that if you have a good job and a steady income, now is a great time to make a major purchase. The only problem is that unlike in previous years where lenders seemed to be bending over backwards to lend to people regardless of their credit scores, now lenders are being much more cautious. Some people are finding that a 700 plus credit score is necessary to even get approved. A 750 plus credit score is required to get the best interest rates and terms.
So what does this mean if your credit score is lower than average? Basically, if your credit score is in the low 600's or below, your chances of benefiting from the credit crisis are not too good. Lenders are no longer willing to give money to people they feel are a credit risk and that is exactly what your low credit score means to them.
Your credit score tells lenders that you are not worthy of credit. But in many people's cases, their credit scores should not be as low as they are. If you know you are worthy of credit, but can't get approved because of your credit score, then your credit score is wrong and needs to be fixed. Credit repair is how people are able to raise their credit scores when they are lower than they should be. Using credit repair, people have been able to remove millions of negative items from their credit reports that should not be there for one reason or another.
You can repair your credit on your own, but it is rarely an easy task. For this reason, thousands have turned to credit repair companies for help with cleaning up their credit. For a fee, legitimate credit repair companies take the hassle out of credit repair while providing results that can be quite literally life changing.
I agree - don't try to do it yourself - hire a professional. Consider these guys www.nationalcreditfixers.com. - visitor