It doesn’t take much to get bad credit. You can ruin your credit score before you even realize you have one, or before you realize how important it is to have a good credit score.
Your credit score is a reflection of how you’ve handled your financial obligations. It’s based on information that’s been reported to credit bureaus by companies, like credit card issuers and lenders, you have financial accounts with.
If you’ve paid your bills on time and managed your accounts wisely, you’ll have a good credit score. But, if you’ve made some mistakes — like not paying on time or not paying at all — you’ll end up with bad credit.
If you have bad credit, then you know how tough it can be. Bad credit makes many things difficult, impossible, or more expensive. We all know that banks check credit scores before they give you a credit card or a loan. That means the process of buying a house or car is more difficult when you have bad credit. Even renting an apartment is tough without a good credit score. Insurance companies often charge a higher rate for drivers that have bad credit scores. Utility service providers check your credit to decide whether you should pay a security deposit. As years go by, the list of companies who check your credit will probably grow instead of shrink.
Why Pursue Credit Restoration?
No matter how bad your credit is right now, the damage isn’t permanent. Credit Restoration allows you to fix the mistakes hurting your credit and improve your credit score.