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Everyone knows your credit rating can affect things like getting approved for mortgages, car loans and credit cards (and the rate of interest you end up paying).  However, there are so many other things that can be affected by poor credit rating and credit history.

• Security deposit on utilities. Utility companies usually require those with poor credit to make a deposit to ensure you pay your utility bills. If you are setting up multiple utilities at the same time (as you would do upon moving into a new home), you could be looking at hundreds of dollars, just in deposits. These deposits are often not released until you have paid twelve consecutive on-time payments or more.
• Trouble being approved for a rental unit. Most landlords now check credit. You could have great difficulty finding a home if you have poor credit. At the very least, it will limit your options.
• Difficulty getting a cell phone contract. Did you know cell phone companies check your credit score? If they don’t like what they see, you could be forced to use a pre-paid cell phone. This reduces the risk of the cell phone company not receiving payment.
• Prevent employment. Many employers now check credit prior to hiring, particularly if you are applying for a position in the financial industry. Poor credit could prevent you from being hired for a desirable job.

These are just a few ways that poor credit can impact your life. There are many more. The sooner you take action on improving your credit, the more likely you are to be able to avoid these unpleasant occurrences in your life.    This is where I can help.   I can review you situation (free of charge) and give you advice on what to pay (and what not to) to help get your credit back on track sooner rather than later.   

#creditrepair #craignickerson