Many consumers have seemingly distanced themselves from their personal finances – perhaps in denial, or perhaps just simply unaware of how their credit score is affecting their finances.
Online PR News – 15-July-2010 – – FICO recently announced that over a quarter of American consumers have below-average credit scores – a whopping 43.4 million scores below 599. You might be asking yourself... “what is my credit score?” If you don’t know, you are certainly not alone, and Eric Schlegel, president of credit service Accurise.com, can sense why.
“It is understandable that people don’t have the time or desire to commit to the lengthy process of credit reparation,” Schlegel said.
Many consumers have seemingly distanced themselves from their personal finances – perhaps in denial, or perhaps just simply unaware of how their credit score is affecting their finances. Credit reports and credit scores are often ignored in the face of more immediate issues like monthly bill payments or a mortgage payment. Most consumers fail to realize that these monthly bills can be mitigated by a better credit score. It is insensible to pay more for a loan or a payment when you don’t have to. Your credit report is impacted every time you make a bill payment, swipe your credit card, or take out a loan, therefore, it is of essential importance to understand how your credit score functions and what steps you should take to manage it.
Credit institutions have made the entry bar extremely difficult to break when individuals want to amend their credit themselves. So what are your options?
“Trust that an accredited credit reparation company can pull your credit up from the trenches of 500 low 600 scores,” said Schlegel, referencing his Los Angeles-based company.
Schlegel adds that most Americans sign up for once-monthly credit monitoring and “fail to see that they’re not getting the whole credit story – they are simply getting a poor profile of someone’s real credit report.”
“It is imperative to have a live analyst supervising your credit, not only to monitor fluctuations of your actual credit score but the items which caused the number to fluctuate,” Schlegel said. “Credit reparation companies have the ability to challenge the derogatory items that are lowering your score.”
In troublesome economic times, it is essential to be diligent with your personal finances, so why not aim for a better credit score? An increased credit score can mean smaller APR’s, better financing options, and financial stability. There are plenty of trustworthy, affordable credit repair companies like Accurise that can assist you in bringing your personal finances up to par so why wait? Take charge of your finances today.
If you would like more information about credit reparation and its benefits, visit www.accurise.com