You have heard all there is to hear about bad credit.
However, you need to know what it really can do, and how much it can hurt you.
A poor score can cost you big, not just financially but also with job hunting, trying to get loans, paying off loans and even renting a place.
Many people rely on credit for things they do not even realize.
It may shock you to learn that your number is used when you apply for a job.
Many companies use peoples scores to help determine if they are financially responsible, and can handle jobs in accounting, bookkeeping, and other jobs with financial responsibility including ones that require handling cash.
Another thing you need a good number for is to be able to rent a home.
Many landlords check an applicants score to determine if they have a history of paying their rent on time.
This is a key factor for many owners because the wrong tenant can cost them thousands of dollars.
Car and home loans are based on credit scores, not only for approval but because they can determine what a person has to pay.
A high score can keep interest rates and finance charges low, and that can take hundreds of dollars off the monthly payments which allows you to pay off the loan faster.
If you have a poor score there is no reason to panic, there are some quick solutions that can help.
The best option is to try credit repair.
A credit repair company can fix your score in a matter of weeks rather than the months or years it would take you to do it yourself and they can repair it no matter what the reason is for it being lowered.