The Cost Is High If You Don't Get Help Fixing Credit Score Issues Continued

The Effects Your Credit Report and Credit Score Can Have On Your Ability To Reach Goals


In the last section we discussed what lenders look for when reviewing your credit report.  We learned that organizations have access to your complete and total credit history, which contains information about every agreement that you presently have or have ever had that involves finances.

As these potential lenders review your credit report, they are looking at the way you handle your finances by looking at how well you pay your bills on time and how much outstanding debt you currently owe on these accounts.

Ok, so why are all of these things so important for these organizations to spend time reviewing your credit history when they are considering entering into a financial agreement with you. Lenders use this information from these reports to determine the type of credit they are willing to offer.  For example, if you were to apply for a credit card with an organization like Sears, after reviewing your credit history and credit score, they would use that information to determine the Annual Percentage Rate (APR) they would be willing to apply to your credit account.  Another aspect of your potential account that would be affected by your credit history and credit score, would be your credit limit.

This is just the tip of the iceberg when it comes to the importance of getting help fixing credit score issues.

I encourage you to check back as often as possible to learn more about your credit history and credit score, and how organizations look at them to determine the terms and conditions of your agreements with them.  I will continue to research and update this site with meaningful and helpful information that will assist the ordinary person, like yourself, to better understand the importance of getting help fixing credit score issues.