Why is Good Credit So Important
If you’re lucky, you would have learned by age 18 why credit is so important. Unfortunately, it’s not until we have bad credit that we figure out that having good credit is helpful. Hopefully, you are reading this information before any damage has been done but if not there is still something that you can learn to improve your situation.
Credit Worthiness Rules
When you are credit worthy, you will notice that doors open for you and people treat you differently. Your credit score determines if you are credit worthy. With a credit score above 750 you are treated with respect and like a god if it is higher–with anything less you don’t matter. That might be a bit harsh but if you’ve ever experienced a credit denial or noticed the reaction when the waiter arrives at your table stating that your card has declined, you might be able to relate. Thank heavens there is a way to Erase Bad Credit and get back in the good graces of creditors.
A Shift in Attitude
A shift in attitude is needed if you think that erasing bad credit will happen overnight or even in a few months. Embrace the reality that repairing your credit takes time and the process will be much easier to swallow.
Steps to Erase Bad Credit
- In order to know for sure how bad your debt is you need to have a copy of your credit report. If recently denied credit, you are entitled to a free copy from the reporting credit bureau. In fact, you should order a copy from all three credit bureaus because there can and most likely are differences.
- Check for errors. For example, if you know and can prove that a creditor has been paid, dispute this with the credit bureau by sending a copy of proof with a copy of the credit report with the area highlighted.
- Make payment arrangements with creditors that you do owe. Most creditors don’t want to chase you. They want you to communicate with them so that they can get paid and continue to make money off of you. Set up a payment schedule that you know you can keep. Your creditors know best how to satisfy them so ask what can be done. Even if you can’t afford an arrangement at that time sending something would be better than avoiding them.