You have stumbled upon perhaps some of the greatest credit building secrets
that the credit card companies and credit bureaus do not want you to know
about! Whether you’re an individual or a business owner, you now have the
ability to dramatically boost your credit score literally overnight!
a file about you. This file is known as your credit report. It is chock full of
information on where you live, how you pay your bills, and whether you've
been sued, arrested, or filed for bankruptcy. Consumer reporting companies
sell the information in your report to creditors, insurers, employers, and other
businesses with a legitimate need for it. They use the information to evaluate
your applications for credit, insurance, employment, or a lease.
What if you've ever filed for bankruptcy?
Most would have you believe
that you need to just "wait out" the 7-10 year period of derogatory credit to get your life back. That simply is not the case. Excellent credit is attainable, even after bankruptcy.
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Having a good credit report now means it will be easier for you to get loans and lower interest rates when you need them. Lower interest rates usually translate into smaller monthly payments and thousands of dollars saved on your most important financial matters. To the financial institutions, employers, and insurers, having a BAD credit report means you are untrustworthy, unable to pay your bills, and just overall considered a financial "deadbeat". The fact is, sometimes in life bad things happen to good people, and our way of life should not have to suffer for 7 to 10 years because of it.
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