Are you tiered of sending out letter after letters to the Credit Reporting Agencies, (CRA) and getting no results?
It’s a pretty consistent problem, people just cannot get the CRA’s (Credit Reporting Agencies) to remove negative or inaccurate information and sometimes they don’t respond at all.
Remember, your credit score is simply a reflection of how you handle money, not how much you have. We’d bet a dollar to a dime that your credit score is costing you two ways.
The first is that you hesitate on an opportunity because you don’t have the capital to make a go at it. The second way is that you’re paying extra on virtually every cent you spend.
Maybe not because it’s often in tiny small print when you apply and agree to the terms of a new credit card. If you ever make a late payment on any credit card – this allows credit card companies to charge you a ridiculous rate of 29.9% (or higher).
Yes, even if it was a Mastercard you missed your payment on, your VISA card can hit you with an outrageous raise in your interest rate.
Like this other trick they might’ve played on you – very often credit card companies fail to report your limit or they report a lower limit than your card has. This increases what is known as your “utilization rate” – the difference between what you owe and what the limit is on your card.
The fact is, most of the time people going through financially trying times just forget to check their credit reports and the… Read more…