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Credit in The New Economy

In today's economy credit has now become more than just something you need to buy a home or a car. Credit now impacts just about every area of our lives.

Today a low credit score can prevent you from getting a job, getting a promotion, if you enlist in the military you may not be illegible for a specific job assignment, renting a home or apartment, security deposits for utilities and not to mention the mental impact of know your credit is bad.

Recent statistics show that 60%+ Americans admit that their knowledge of credit is poor, recent poll shows that 43+Million Americans have less than a 599 credit score. Another study shows that 80,000,000 Americans don't even know what their credit score is.

So what can be done? Education! Education is the key for consumers to begin the path back to recovery. Knowing how credit works and what your current credit situation is, is key to improving your credit.

We believe that credit awareness is on the rise. It’s almost impossible to watch TV and not see a advertisement about credit. Experian, TransUnion and Equifax all promoting credit monitoring systems for a monthly fee.

There are plenty of companies that can help you with your credit repair and improvement, but just like anything else, make sure you do your due-diligence before a pay a professional service. There are very strict federal guild lines regarding credit repair and you want to make sure the company you are working with is in compliance.

Need some help with credit repair? We can match you to a credit repair service in your local area.
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About the Author

Mark Bustamonte, Financial Education Servcies
1955 N University Dr
Pompano Beach, FL 33071

Contact Author: request info

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