5 Reasons to Fix Your Credit

Getting your credit score in tip top shape may not be the most enjoyable thing in the world, but it’s definitely one of the most beneficial.

A poor score can cost you a lot of money and missed opportunities. Since our school system chooses not to educate us on credit, we don’t know how having sub-par credit can affect our lives until damage is being done. My goal is to prevent you from having to deal with the stresses that come along with bad credit. If you’re already experiencing them, it’s time to get it fixed. Keep reading to see why you should get your credit repaired as soon as reasonably possible.

#1 – Gain Respect and Admiration

You’d be surprised at how people will look at you once you tell them your credit score is in the 700s. It’s not something you go around bragging about, but it will definitely come up in conversation from time to time. When it does, the response you get from your peers will be one of respect and admiration. Having a good credit score shows people that you’re on top of your life, taking care of all the little things. This is really a bonus reason. I don’t know anyone who repaired their credit to gain respect, but it always happens. Your creditors will respect you a lot more as well, which leads me into the next reason.

#2 – Lower Interest Rates

When you have a poor credit score, you get the shaft when it comes to loans. A poor score will result in poor loans. Can you guess what a good score equals? Precisely, good loans. If you can work your score all the way up into the 700s, you’ll get excellent loans. Your interest rates will be as low as they come. Your creditors will respect you a lot more when you have great credit. They lower the interest rates because they want to give you the loan. They’re pretty sure you’ll pay it back because your credit report makes them feel comfortable and view you as reliable.

#3 – Bigger Credit Cards

On top of getting better interest rates, you’ll be able to get bigger lines of credit too. The longer you keep good credit, the more your creditors will increase your credit lines. You’ll routinely get emails from your credit card companies stating that they have increased your credit line. With poor credit, you have to beg them to increase your line and the answer is usually, “no.” When you have good credit, they’ll be begging you to spend more money on your credit card. I like having big lines of credit because it’s easier to stay under 30% utilization. With smaller lines, it’s pretty hard to stay under 30%. If you are over 30% credit utilization at the time of your statement, it’ll hurt your credit.

#4 – Better Credit Cards

The better your credit, the better your credit card. When you have bad credit, you have to start off with an easy to acquire credit card like a Capital One card. These cards always have terrible interest rates and unimpressive rewards. But hey, they serve there purpose. You can use them to boost your credit score and work your way up. Once you have achieved a good credit score, you can look for a good credit card. What’s good to you will depend on your lifestyle. You’ll be able to get all kinds of cards with different rewards. The rewards will vary. Some cards will give you free flights, hotels, or gift certificates while others will give you a nice cash back bonus. The rewards from cards like these really can add up. The best part is, it doesn’t cost you any extra money.

#5 – Easier To Get An Apartment

Without good credit, it can be next to impossible to get an apartment. The quality of your apartment is largely determined by your credit score. The nicer apartments won’t accept tenants with a credit score below 630. When you hire a good company, getting above 630 will be a breeze. I once got a nice apartment even though I didn’t have a job. I had just quit my job and moved to LA for a lifestyle change. I had great credit (700s) but no job. I also had a healthy savings account. I was able to get an apartment mainly because my credit score. I told the landlord my bank account balance and he was unimpressed. It wasn’t crazy high, but enough for several months of rent. Once he ran my credit and saw my credit score, he was more than happy to accept me as a tenant.

Get Your Credit Fixed

These are just some of the reasons to get your credit in shape. There are literally hundreds of reasons. I could write a whole book about why you should get your credit repaired, but I’ll spare you for now. Don’t take this message lightly. The benefits to having good credit are huge. I can’t emphasize them enough. Once you are on the other side of the fence, you’ll see exactly what I’m talking about. Visit our homepage to make sure you hire the right company for the job. Using a reputable company will ensure you get your credit up into the 600s and eventually the 700s.