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14 Reasons You should have Turning Point Credit Repair work on your Credit Report.

Don't Procrastinate Credit Repair

You might think bad credit only keeps you from getting a credit card or loan, but it goes further than that. Bad credit can leave you homeless, with no car, and, even worse, jobless. That's because more and more businesses are using your credit to make decisions about you. Still not convinced it's time to get your credit act together? Here are 15 reasons you should repair your credit.

1. Save money on interest

Low credit scores mean higher interest rates, and that means higher finance charges on your credit card balances. Repairing your credit would allow you to get a more competitive interest rate and cut back on the money you pay in interest.

2. Stop paying high security deposits

Utility service providers and even phone companies check your credit before allowing you to establish service. To offset the risk of a default, those service providers charge you a deposit. Making your payments on time will allow you to get your deposit back. Improving your credit score keeps you from having to pay the deposit all together.

3. Get a lower insurance rate        How Your Credit Score Affects Your Insurance Rate

Believe it or not, your credit history affects what you pay on insurance premiums. This includes auto, life, and home insurance. A bad credit history means you'll pay more for insurance than you would if you had begun Credit Restoration /Repair. 

4. Stop paying cash for everything

If you have bad credit, you'll have a hard time getting a credit card, which means you'll end up paying cash for everything. It doesn't become a nuisance until you need to do something like renting a car, where you have to pay an extra deposit if you don't use a credit card.

5. Get a higher credit limit

Generally, as you demonstrate you can pay your bill on time, your creditors will increase your credit limit. But, before a credit card issuer increases your credit limit, it checks your credit. A bad credit history might get your credit limit cut, giving you less room to make purchases.

6. Stop debt collector harassment

Repairing your credit includes paying off those debt collection accounts. Until you do, you face relentless calls and letters from debt collectors. While you can take action to stop debt collector calls, collection accounts often move from one debt collector to another. When a new collector gets your debt, you'll have to go through the process of stopping the calls all over again.

7. Feel better about your credit score

After you repair your credit, you won't have to be afraid of checking your credit score or worse, having someone else check it. You can have confidence knowing you have a healthy credit score.

8. Buy a new house

Homeownership has always been the American Dream. Bad credit is the nightmare that keeps you far away from that dream. Many banks won't lend you a mortgage until you've repaired your credit. Those that will approve you with a high interest rate that makes home ownership cost a lot more.

9. Rent an apartment

Not only can bad credit keep you from buying a home, it can also keep you from renting an apartment. Many landlords now check credit to determine the probability that you'll be late on your rent. Bad credit could get your rental application denied.

10. Buy a new (or newer) car

Auto lenders are among the many businesses that check your credit before lending to you. Without a good credit score, your auto loan application could be denied leaving you to drive the same vehicle.

You might think bad credit only keeps you from getting a credit card or loan, but it goes further than that. Bad credit can leave you homeless, carless, and, even worse, jobless. That's because more and more businesses are using your credit to make decisions about you. Still not convinced it's time to get your credit act together? Here are 15 reasons you should repair your credit.

 

11. Get a job

Employers check credit before deciding to hire you. Some government and financial jobs are particularly curious to know about your financial history. A bad credit history could cost you the job, or the promotion if you're already employed.

 

12. Take some financial pressure off your spouse

When one spouse has better credit than the other, the spouse with good credit will be the one applying for the loans and credit cards. Improving your credit will let you bear some of the credit-brunt rather than placing it entirely on your spouse.

 

13. Stop relying on co-signers

When you have bad credit, you'll often need others to co-sign for your loans and credit cards. If you can find somemone to co-sign, you're putting financial pressure on them but they don't receive any of the benefit. Repairing your credit will save you the time and hassle of burdening someone else with co-signatures.

 

14. Start your own business

Starting a new business takes money, so many entrepreneurs rely on small business loans to get their businesses of the ground. Bad credit can keep you from getting the financing you need to start your new business. You'll have to improve your credit before a bank will give you a loan.


 

 

            Call Turning Point Credit Repair for help with your Credit Report.

            Turning Point Credit Repair / Bob Opperman - CEO
            Cellular  201-214-2671
          
             Direct - 843-793-4292
             E-Fax   201-301-8887


              WRITE TO US AT turningpointcreditrepair@hotmail.com

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