Credit Repair in San Antonio: Keeping Your Record Clean
In a blog article published by the Huffington Post, Matt Schulz started his piece with a truism: “A higher credit score means more money in your pocket. It’s as simple as that.” Indeed, who can dispute such a statement? In this day and age when most everything is bought through credit, it’s a reality that is difficult to ignore.
If you want to have more financial clout, your credit score should matter, whether you live in a small town or in Texas’ second largest city, San Antonio. With a low credit score, you’ll find yourself heavily burdened with high interest rates that can keep you in debt for a long time. Fortunately, there is a possible way out of this fix by using services for credit repair in San Antonio, offered by companies like Credit 360 Consulting.
Sometimes, low credit scores are the result of items in your credit report held by the main credit reporting bureaus—Experian, Equifax, and TransUnion—that should not be there. Removing these questionable items is the task of credit repair service providers in order to increase your credit rating. Otherwise, you’ll remain in a financial quagmire that can hold back many plans you may have for the future.
This can be critical for someone with a poor credit score on his credit card—the interest may have to be as much as 20 percent. With a balance, for example, of $5,000 on the card and making payments of $150 a month, he’ll be paying more than $900 in interest alone in a year. On the other hand, for somebody with good credit and carrying the same balance, he’ll be paying just 12 percent interest or around $500 annually for savings of $400.
Most experts agree that the best way to improve your credit score in the long term is to pay your bills on time, every time. Even then, there are people who nevertheless find problems with their credit scores when they apply for credit. This is where San Antonio credit repair companies can provide the services to help you out of your predicament.
The process is quite simple when you take certain basic guidelines into account. This includes making sure that each item in your credit report must be reported within the period allowed by law and must be one hundred percent accurate. Furthermore, these items must have verifiable information.
Otherwise, these items can be disputed and if no proof can be presented, must be deleted from your credit report. The immediate removal of these dubious items will considerably increase your credit rating and help lower interest rates. Hence, to ensure that only accurate information remains in your credit report, hire a credit repair service provider to address your concerns.