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      November 19, 2019

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  1. Ovation Credit Services
  2. Credit Firm
  3. Credit Saint
  4. MSI Credit Solutions
  5. The Credit Pros
  6. Lexington Law
  7. The Credit People
  8. Credit Repair
  9. Credit Assist Network
  10. Pyramid Credit Repair
  11. E Credit Attorney
  12. Credit Repair Consult
  13. Veracity Credit

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Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

How Repairing Your Credit Can Save You Money

Over 220 million Americans have a bad credit rating – and it costs them thousands of dollars each year in the form of higher interest rates on everything from loans to credit cards.

Credit reports have become the gold standard for determining a person’s financial worth. In some instances, employers even use credit reports and credit scores during the hiring process.

There are several ways in which a poor credit history and low credit score can affect finances.

  • Higher Interest Rates. Persons with poor credit reports and low credit scores (between 300 and 500) are subject to higher interest rates for loans. Because consumers with a bad credit history are a higher risk to lenders, an attempt to recoup as much money up front usually is reflected through a higher interest rate. Of course, it’s also possible that loans from various creditors will be denied entirely. When that happens, consumers are left with little recourse.
  • Credit Cards. Approval for new credit cards will be difficult if not impossible with a poor credit rating. Consumers who are lucky enough to get a new card will find themselves saddled with a higher-than-average interest rate, as well as a low spending limit.
  • Vehicle Insurance. Vehicle insurance companies have jumped on the bandwagon of reviewing potential clients’ credit histories prior to agreeing to insure them. Roughly 92 percent of all insurance companies research a customer’s credit history prior to insuring them. Consumers with poor payment histories or a dismal credit score can expect to pay higher premiums. Data indicates that persons with poor credit are more likely to file claims and are therefore a higher risk for insurers. Conversely, those with excellent credit histories and credit scores generally have fewer accidents and tend to pay premiums in a timely fashion.
  • Employment. With 69 percent of all U.S. employers admitting to checking credit reports as part of the hiring process, those with a bad credit history can be left out in the cold when it comes to landing a new job. Under the Fair Credit Reporting Act, employers must first seek permission prior to requesting a potential employee’s credit report. Those who suffer from bad credit or a dismal credit score can find themselves being passed over for new jobs as well as promotions with an existing employer.

Having poor credit is not the end of the world. With a little time and a lot of hard work, a bad credit history can be turned into a positive credit history.

The first step one should take toward repairing a bad credit history is to review copies of your own credit report. Reports can be requested through the three major credit reporting agencies: Equifax, Experian and TransUnion. The Fair Credit Reporting Act mandates that all consumers are to receive one free annual credit report from each of the three agencies.

Consumers with poor credit histories also should consult with a consumer credit counseling service, which can help start the process of repairing credit. These services work by helping consumers to consolidate loans and other debt into monthly payments the consumer can afford. There are many such agencies on the market today, but consumers should be careful when selecting one, as not all are created equal.

Jim's Credit Corner - November 3

I finalized a difficult divorce last year, and found out after the fact that my credit has been nearly ruined. I paid a fee to a credit repair company but they've made virtually no progress in ...

Published:  Wed, 13 Nov 2019 05:47:00 GMT



Modern Living with kathy ireland®: See AM/PM Credit Repair Highlight Their Innovative Solutions to Repair Credit

LOS ANGELES, Nov. 5, 2019 /PRNewswire-PRWeb/ -- Modern Living with kathy ireland® is pleased to announce an exclusive interview with AM/PM Credit Repair CEO Ashley Massengill to discuss their services ...

Published:  Tue, 05 Nov 2019 15:50:00 GMT



Google's Newest Ad Policy Restricts Debt Services Ads & Bans Credit Repair Ads

Last week, Google announced an update to these restrictions. Starting in November, that it will no longer serve ads for credit repair services. At the same time, advertisers who wish to serve ads for ...

Published:  Wed, 06 Nov 2019 05:51:00 GMT



How to Avoid Credit Repair Scams

Use of any number other than an official SSN on a credit application is a federal crime. The credit repair scammers use many techniques common to other scams. Avoid any credit repair offer that: ...

Published:  Fri, 15 Nov 2019 09:08:00 GMT



Astronauts complete bonus objectives in first in series of AMS repair spacewalks

Credit: NASA Two astronauts ventured outside the International Space Station Friday for the first of four spacewalks to repair a $2 billion cosmic ray detector, breezing through work to prep the ...

Published:  Fri, 15 Nov 2019 12:12:00 GMT



7 Underrated Credit Card Perks You Should Take Advantage Of

Many credit card issuers offer several under-the-radar benefits that don't give you cash, but could save you a lot if you need them. Here are seven to look for. Purchase protection covers the cost to ...

Published:  Fri, 08 Nov 2019 07:07:00 GMT



Fair-lending advocates want local banks to step up home-repair, low-dollar lending

"There is a need for people to get responsible credit to repair homes, to buy homes, and if they can't get that, the [housing market] recovery we're trying to have is going to be delayed," Ford said.

Published:  Fri, 08 Nov 2019 19:45:00 GMT



Watch out for change-of-address scam, says NJ credit repair expert

While the United States Postal inspection Service says this type of identify fraud is "not on a wide scale," a credit repair expert in New Jersey has seen clients targeted by the scam, and claims it's ...

Published:  Wed, 13 Nov 2019 01:24:00 GMT



How to obtain a business loan if you have bad credit

The person who applies for the loan does not necessarily have to be involved in the day-to-day running of the business. You, as the individual with bad credit, will be in charge of the company while ...

Published:  Tue, 12 Nov 2019 16:09:00 GMT



Paid Credit Repair Increases Consumers' Credit Scores Surprisingly Well, New Study by Credit Knocks Finds

Overview of Credit Repair Services - Credit repair is a $3 billion per year industry in the U.S. according to IBIS World. Companies that provide credit repair services help consumers with bad and/or ...

Published:  Wed, 23 Oct 2019 04:04:00 GMT



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