One Late Payment Can Be Disastrous:

Credit card companies & insurers are looking for reasons to increase rates. A single late payment could ripple through all your unrelated accounts. Being 30 days late can decrease your credit score by as much as 50-100 points. They can also increase your rates for inactivity on credit cards, being to close to the credit limits, having too much credit and so many other reasons.

Lost Your Job? Having Trouble Finding a Job?

Did you know having a positive credit reports are important job-hunting tools. Many employers check credit reports as a part of their pre-hiring background checks. It’s best to keep your credit report looking good and stable. Employers might not ask why your credit reports are terrible; they just might move on to the next candidate.

The Frequency of Errors on Credit Reports:

1 in 4 credit reports contains errors enough to cause consumers to be denied credit, a loan, an apartment or home loan or even a job. In total 70% of reports contained an error of some kind.

You Have To Get and Use Credit to Build Your Credit Score:

Living on a cash-only basis may be smart choice for those who really can’t handle credit. But if you want to rebuild your credit score, you can’t sit on the side-lines.

Zombie Debt Collectors Dig Up Your Old Mistakes:

This is a hot new growth industry, companies that buy bad debts for pennies and squeeze you to pay is in flagrant violation of federal law.

What’s in Your FICO Score:

35% Payment History, 30% Amounts Owed, 15% Length of Credit History, 10% New Credit, 10% Types of Credit Use.

Do You Know How to Increase your Credit Score?

By simply using one credit card three times a month and staying below 30% of your available credit will increase your credit score by as much as 50-100 points in 6-18 months. If you use more than 35% of your available credit your credit score may actually decrease.