Good Credit In This New Economy

Online, March 14, 2011 (Newswire.com) - As many people already know you cannot function in society financially without some form of credit, unless you're living all on cash. From simple things like qualifying for an apartment to buying a car, you need some form of credit history. If your credit score is bad you not only may not be approved but if aproved you'll get a horrible interest rate.

It can even affect your ability to get a job. And isn't that ironic in this economy? If you're not working you may not be able to pay your bills on time or at all until you find a job. But, if you find a job, your new employer will not higher you because you have bad credit. This should be illegal because it's penalizing people for experiencing tough times.

The simple fact is you can try to fight the system or fix your credit so you can function effectively in financial society. There are many companies trying to sell credit repair services but with a little effort and due diligence you can repair your credit on your own.

Here's a few interesting snippets from an article on creditrepair.org that you may find interesting:

A credit score of 680-700 used to be enough to get great loans and mortgage rates, as well as credit cards with low APRs, but since the Financial Crisis of 2008, many lenders have raised their expectations of consumers, making it hard to get good loans and credit extensions with a score under 720-730. To obtain scores of that caliber, one must not only be financially responsible with paying on time, but also cautious in the utilization of credit.

Lately, many Americans have been working toward reducing and eliminating their unnecessary debt and have sought out effective ways to improve their credit score through various strategies. If you're finding that getting credit cards with low APRs or an auto loan for a reasonable interest rate isn't happening, you might want to consider looking into improving your credit score.

CreditRepair.org's articles can provide you with the tools and information you need to get motivated and prepared to deal with life's financial obligations, for free!

According to MyFico.com, nearly 37 percent of Americans are carrying $10,000 or more of non-mortgage-related debt. Large debts with credit cards and installment loans not only eat away at your pocket book through interest, but can also hurt your credit score.

Source: creditrepair.org
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The credit system is set up in an unfair manner that does not favor the consumer as evident in how difficult it is to even remove false information from one's credit file. But you must be diligent and not give up because the stakes are too high.

Don't subject yourself to higher fees for loans or other financial services such as insurance when you can use the same methods that credit repair companies use and not pay for it. You truly can repair your credit on your own as long as you take the necessary steps.