In 2013 there were over a million bankruptcies filed in the US. So, while the median credit score is over 700, many people have been forced into filing for bankruptcy, severely damaging their credit score.
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What Is A Bad Credit Score?
What is considered a bad credit score can vary depending on the credit scoring model used, but ultimately, it comes down to what each lender considers a “bad” credit score. Contrary to what the credit bureaus would like you to believe, credit repair does work and can work for 100% of people in most circumstances.
The Truth About Florida Credit Repair Services
Professional credit repair services, credit counselors, and debt consolidators are everywhere. What Is A Credit Repair Program?
You can get two kinds of credit repair programs. The first is a class or seminar that is most commonly offered by credit counseling services with the hopes of securing your business. Repairing Your Credit With A Credit Repair Kit
Yes, many of the “ultimate credit repair kit” products can help people facing serious problems with their credit reports and credit scores. Roughly 97% of credit reports contain errors! These errors can have negative effects on your credit score and you may not even know it. The Fair Credit Reporting Act (FCRA) states that if a creditor can’t prove it then they must remove it.
Bad credit can prevent you from seeing a lot of your dreams come true. Whether they are buying a new TV, replacing your old sofa, or going on a well-deserved vacation with your family, it’s never pleasant to receive a blunt “no” from your bank because of bad credit score.
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