Can You Really Get a Second Chance With Your Credit Score?

MINNEAPOLIS, April 19, 2011 /PRNewswire/ -- More often than not, one unfortunate circumstance often leads to another. With the current rate of foreclosures, bankruptcies, and people losing jobs, frequently consumer credit ratings are plummeting. People get behind on credit card bills, then the debt collectors start calling, often leading to a charge off by the credit company leaving a negative mark on your credit report.

Elizabeth Collins, the managing partner of CSI Credit Repair (online at http://www.csicreditrepair.com), explained the importance of making sure your credit report is the best it can be: "In today's world, credit repair is essential not only for purchasing homes, cars, etc., but also for jobs, insurance, and a many other things. There are companies that will not hire you if your credit score is too low. And some insurance companies will not insure you without a decent credit report. All these people believe that your credit history is a true example of who you are regardless of the circumstances." Miss Collins goes on to state, "When our reports reflect negatively, we are in what I call a 'Credit Prison,' we walk around free, but we are limited in our finances and opportunities."

For example, with a poor credit rating, you could be paying $5,000 more in interest on a $20,000 loan because of poor credit scores. In the end, you are paying over 25% more on that loan because of poor credit. As Miss Collins stated, mortgages and car loans are not the only thing your credit score affects. Many consumers are unaware of their credit scores being tied into their auto insurance rates. A change in your credit score could drastically change your auto insurance rates by either raising or lowering your payments. Check with your insurance agent for further details about your specific policy.

In accordance with the laws under The Fair Credit Reporting Act, consumers have a right to an annual copy of their credit report. Once consumers have their credit reports, most end up with a document they hardly understand. In some cases those same consumers are seeing things on their report that they were unaware of, negatively reflect the past, or worse, items that might be incorrect. Sitting down with a trusted professional, like Elizabeth Collins with CSI Credit Repair, can help you better understand, repair, and maintain your credit report and what it means for your future.

Liz Collins and her team have a very successful track record in removing negative information like bankruptcies, collections, judgments, late payments and more from consumer's credit reports. CSI Credit Repair is helping those with a credit nightmare sleep a little easier at night with the mantra of: "We can help you repair your credit no matter what your circumstances are and no matter what is on your report. CSI BELIEVES IN SECOND CHANCES!"

Contact:
Ryan J. Ridgley
CEO/President
Lucky 13 Promotions
612.644.2635
http://www.lucky13promotions.com
[email protected]

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SOURCE CSI Credit Repair