Repairing your credit is the first step in the credit rebuilding process.  Raising your credit scores takes patience, dedication and a willingness to achieve your goals. Credit scores are based upon credit history.  This means that creditors may look at several years’ worth of your credit history to determine whether or not you are a good credit risk. You probably already know you need to have good credit scores in order to get some of the things you really want in life. Credit scores affect and impact most aspects of our lives.

• Without good credit scores you will struggle to get loans or will likely pay high interest rates on car loans, home loans and even personal loans.

• You will be subjected to higher credit card, auto and homeowner’s insurance rates.

• Paying high interest rates takes money directly out of your pocket and affects what you can buy today, including things like groceries.

• Ability to secure a lease on an apartment rental can be impacted as well.

When you are short on cash because you are paying high interest rates on various loans and credit cards, you are tempted to rely on credit cards to buy day-to-day items. This tends to create a dangerous cycle that can leave you swimming in debt and struggling with your day-to-day finances.

Why is rebuilding your credit so important and how does it help your credit scores?

• Establishing good credit is one of the ways you can increase your credit scores. You need to prove your ability to make payments on time.

• Rebuilding credit is crucial to achieving goals you may have such as buying your dream home, or owning a new car.

There are numerous benefits to rebuilding your credit that can make your life a little easier.

• Confidence and peace of mind knowing you can buy the things you want or need in life without worrying about poor credit scores holding you back.

• Getting lower rates on insurance, car payments and other financed items puts more money in your pocket to put into your savings account to do with as you wish.

• Freedom to choose the best loan with the best rates available instead of taking whatever you can get.

Life is stressful enough without worrying about low credit scores. It’s time to make a change for the better and start doing what you can to take back control of your credit.