10 Signs You Need to Repair Your Credit

This is a sponsored post by CreditRepair.com. All opinions are 100% our own.

If we’re completely honest with ourselves, keeping tabs on our credit score isn’t something that is high on most people’s priority list.

That can be a problem though because your credit affects more things than you realize, and could prevent you from getting something as big as a mortgage for your new home.

In this article, we are going to discuss ten signs it might be time to focus on repairing your credit.


1. You’ve Been Denied for a Credit Card/Loan

One of the first times that you realize that you have bad credit, is when you go to take out a new credit card or loan.

Maybe you think it’s not that big a deal to take out credit – after all, doesn’t everyone usually say that credit companies are falling over themselves to give you credit?!

Unfortunately, credit companies will check your credit reports and see if you would be a good person for them to lend to – they want you to make your payments so that they can make interest from you.


2. You’re Afraid To Check Your Report

You may have a feeling that your credit isn’t where it should be, and don’t really want to take a look at it to confirm your fears.

When you see the numbers there in black and white, you are fully aware of your situation.

Just the fact that you are afraid to check your report is the reason why you should. Knowing exactly where you stand will help you to make a plan going forward.


3. Debt Collectors Are Calling You

When you haven’t been paying back your creditors, they are going to reach a point where they are fed up of trying to contact you to pay them.

In this instance, they will pass your information on to a debt collecting agency to get their money for them.

This will show up on your credit report – which could mean to you being denied credit for other, more important things (like, getting a mortgage on your dream home).

If you use a credit repair company, they will help you with this by helping you with paying the collectors, and also by disputing them on your report if the debt is not yours.


4. Landlords Won’t Rent To You

This can be a huge problem if you need to find somewhere to live – so this is where you need to make sure that your credit is good, or if it needs fixing.

The last thing that you want to happen when you are searching for a new place, is to be denied by the landlord because they think that you won’t be able to keep up with the rent payments.

Landlords will check your credit because they want to know that they will be getting their monthly rent check from you – it’s their business after all.


5. It’s Preventing You From Getting a Job

Not all – but a lot of companies will check your credit when they are thinking about hiring you for a job, especially if you are going for a top position within their company.

Of course, it is possible to find a job that doesn’t do credit checks, so you may want to look for those who don’t whilst you’re working on your credit score – but it’s definitely something that you need to work on, and think about for the future.


6. You Want To Buy a House

These days, lenders are getting more and more fussy about who they want to lend to – so it’s best that you don’t give them a reason to turn you away.


7. Your Credit Score Is Low

This may sound pretty obvious, but if your credit score is low, you are going to want to look into credit repair.

There could be a whole bunch of reasons why your credit score is low, and credit repair can look into what you can do to fix it.


8. Your Interest Rates Keep Going Up

Currently got credit? I’m sure the last thing that you want is to pay even more interest than you are already paying, but this could happen.

If you are late on payments with other creditors, you could find yourself receiving a letter from one or more of your creditors advising you that your interest rate is going up.


9. Card Issuers Are Closing Your Credit Cards

A lot of people think that closing your credit cards is a good thing – but it can actually be damaging for your credit.

If your credit cards are getting closed by your creditors, this is something that needs to be checked.


10. You Are Ready For a Change

The very fact that you are reading this article hopefully means that you wish to make a change with your financial situation.

Not sure where to start? When it comes to credit, looking at if credit repair would be a good fit for you, can help you on your journey to working on your credit and financial health in general.


Is Credit Repair Right For Me?

This depends on how much time you have, and how much you are willing to battle with credit agencies.

If you are busy, and happy to do someone do the hard work for you and achieve the same result with none of the stress, credit repair is something that you should look into.


What Is a Credit Repair Organization?

A credit repair organization is a company that will look at the best ways of improving your credit.

They will act on your behalf, and speak to the credit companies to resolve any bad credit issues.


How Does Credit Repair Work?

When you sign up with CreditRepair.com, they will pull your credit reports and look at which areas need to be focused on.

If needed, they will then speak to the credit companies and see if anything can be done to remove things off your credit file that can be argued against. They will also let the credit bureaus know that changes have been made.


How Much Does Credit Repair Cost?

It depends on which company you are using of course, but if you sign up to CreditRepair.com, the fee is $99.95 per month, plus a one-time charge of $14.99 to obtain your credit reports from a third party.


Final Thoughts on Credit Repair

Make sure that when you are looking for someone to help you with repairing your credit, you choose a decent company who will not scam you.

Do your homework and find out if they are a member of the National Association of Credit Services Organizations.