Here's A Do It Yourself Way To Repair Your Credit Rating

Importance of Your Credit Rating

Credit has a very important place in most people's lives today. A good credit rating is essential for many of the things we do everyday, such as, use a credit card, rent an apartment, qualify for financing for large purchase department store items, or buy a car, just to name a few.

If, for whatever reason, you don't make timely payments to a creditor or miss a payment, your creditor reports this to the credit bureau, and it is added to your credit report. If you do this too often, or default on a loan, you will have a bad credit rating and a low credit score. Once you have a bad credit rating, many doors will be closed to you: you will be unable to obtain most kinds of loans, and without a credit card you won't be View the rest of this article