Why is credit important?
We live in a society that is heavily influenced by credit worthiness. This has wide ranging implications for every consumer. Our goal is to help every consumer to resolve their credit issues and assist them in creating a better more financially stable future. Some of the reasons credit is so important are:
- The better your credit the lower your borrowing cost on loans. This means that you will pay higher rates to borrow money which will only exacerbate credit issues.
- The availability of credit is influenced by credit worthiness meaning the better your credit the more options that are available to you.
- Negative credit can influence your ability to purchase a home
- Your credit worthiness can influence your auto insurance rates
- Almost 60% of employers will conduct a credit check on potential employees