Peach Connection

Understanding and managing your credit is very important. Unfortunately credit scores do not reflect your good character or good intentions. Since they don't, it is your responsibility to paint a positive self portrait for mortgage companies, credit card companies, car loan companies etc. through your credit habits. Credit reports and scores are the best predicator of how well you pay your debts. If you pay them well, you are rewarded with perks such as lower interest rates, and prime financing.

People should look at credit management like an additional job or hobby. With credit fraud and identity theft at an all time high, consumers must pay better attention to their credit files. It may be wise to full your credit report from all three credit reporting agencies (Equifax, Experian, Transunion) at least twice a year, especially prior to major purchases that require financing.

There are 3 major reporting agencies:

• Equifax http://www.equifax.com/ 800-685-1111
• Transunion http://www.transunion.com/ 800-888-4213
• Experian http://www.experian.com/ 888-397-3742

Here are some steps to arm you in your battle to a better credit rating:

• Pay all your bills on time and never skip a payment
• Check your credit report and dispute any errors you see
• Do not close old unused accounts in good standing, they help your score
• Keep your credit card balances below  35-40% of your allotted credit line
• Do not charge any single line to the maximum
•  Guard your score, the more companies you allow to pull your credit the greater the possibility of your score being lowered
• If you discover an error on your credit report, dispute it with the bureau reporting the incorrect information. They have 30 days to investigate and must delete the item if the lender does not respond in that time.

Getting Help!

There are many credit repair companies that can assist consumers with credit education and repair. This may be a good option for you, if you are interested in becoming more educated on how to manage your personal credit. When choosing one of these companies, do not be afraid to ask for references. You want the best service for your dollar. Also, beware of credit repair programs that do not offer realistic results. Make sure the specialist handles disputes in an ethical and legal way.

PeachConnection.com has researched options for Atlantans that are reputable and well referred. If you are interested in getting a handle on your credit woes contact us at (678)-886-0605 to schedule your free credit consultation and receive a discounted quote for being a Peachconnection.com supporter.