It’s About Your Life!
You may not think much about your credit from day to day. But there is probably not a moment of your life that the content of your credit report does not have an effect on everything that you do. Credit repair expert and President of Sky Blue Credit Repair Services, Jim Kemish discusses your credit report and the astonishing impact that it can have on your life.
More Than Meets the Eye
Unless you are independently wealthy and pay for everything with cash the content of your credit report has a profound effect on every single moment of your life. Think about it. How many things in your immediate personal environment have been determined by your credit report? The impact may be greater than you are aware.
The Ripple Effect
Do you have a mortgage? If so, your monthly payment was determined by your credit score. The amount of money that you part with each month to pay for your home may be the biggest single financial obligation that you have, and its impact ripples through everything else in your financial life. Every dollar that you spend on your mortgage is one less dollar that you have available for the other […]
Full Article At: KnowHow-Now.com Articles
A Serious Isssue
Credit reporting errors can have a major impact on your financial well being. But did you know how prevalent these errors are? Credit repair expert Jim Kemish discusses the severity of reporting errors and the potential impact on your life.
Credit Report Errors Mean Consumers Lose
In 1998 the Federation of State Public Interest Research Groups (PIRGs) published a now famous report called, Mistakes Do Happen: Credit Report Errors Mean Consumers Lose. This report detailed the results of the PIRGs sixth study on the accuracy of credit reports. The results, in their words, were troubling, and revealed that an alarming number of credit reports contain serious errors. Here are some of the highpoints (or low points) of their study findings.
Serious Errors can Have High Costs
Seventy percent of all of the credit reports investigated contained errors. The errors uncovered by the study were broken down into categories based on the severity of the errors. The worst of the errors occurred in twenty nine percent of the credit reports and were likely to result in the outright denial of credit. This type of error included accounts that are incorrectly marked as delinquent, accounts that do not belong to the consumer, and derogatory […]
Full Article At: KnowHow-Now.com Articles
